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Estate Planning 101: Tips for Making Sure You’re Prepared

old couple signing a contractNo matter what stage of life you are in, estate planning is essential and ensures all those close to you are taken care of. An estate plan is a legal document that helps care for your loved ones after death or during incapacity. As we celebrate simplicity day, we want to make it as simple as possible to create your estate plan.

Here are our tips:

Take Time to Determine What You Want & What You Have

Take time to think about what you want to happen in case of death or incapacity and start to document your assets.

 Understand if you need a will or a trust

You can have a will and a trust simultaneously, using a trust to avoid tax burdens on investments in the will. Choosing to have both can protect your beneficiaries from future lawsuits, protect the assets you leave them, and help ensure your loved ones receive the money you want them to have. Typically, wills are less expensive in the short term but trust often are in the long run.

What’s the Difference Between a Will and a Trust?

Choose your executor carefully.

An executor is responsible for making financial decisions after you die. It is essential to pick someone you trust to administrate objectively. An estate plan is essential for taking care of loved ones and, with planning, it can be executed smoothly.

4 Things to Consider When Choosing an Executor of Your Will

If you need to get your estate planning started or in order, please reach out to The McLario Firm today! It’s easier than you think!


Schedule Free Consultation

When you contact our Milwaukee area law firm, your case will be treated like a unique request for assistance. You are a real person with real needs and will be treated like one by our firm. Nobody has time to be passed around an office from paralegal to secretary and back.
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