Having the correct estate planning designations and beneficiaries named can save you time and money and sometimes change a life. This can keep you out of probate, allow you to pay less taxes and protect your assets from creditors. This is…unless you make a critical mistake. This beneficiary checklist will help you avoid it!
Download our estate planning beneficiary checkup form to avoid mistakes when it matters most
Reading Time: 2 minutesA common concern among seniors is Medicaid eligibility for long-term care services. Seniors face the daunting prospect of exhausting their savings to cover nursing home expenses. With limited coverage from Medicare and traditional health insurance, Medicaid often becomes the only viable option for our aging residents. What is Wisconsin Medicaid? Wisconsin Medicaid is a joint… Continue reading Medicaid Matters: Navigating Long-Term Care and Asset Protection
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Reading Time: 3 minutesThere is no time like the present to check out where your estate plan stands, and how Milwaukee estate planning attorneys can help you avoid headaches or misunderstandings down the line.
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Reading Time: 3 minutesAfter a loved one’s passing, their belongings and assets are usually left to their loved ones. However, confusion and arguments can arise if they have not made proper arrangements but how wills, trusts and probate really work can feel confusing and overwhelming and is often something that we don’t like to discuss. Here’s what you need to know and if you find you still have questions how a Menomonee Falls estate planning or probate lawyer can assist you.
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Reading Time: 2 minutesGrandchildren are amazing, and you want to ensure yours will have something to remember so your legacy lives on and perhaps that they have an easier life than you had. It’s easier than you think.
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Reading Time: 2 minutesAt the McLario Firm we believe that everyone 18 years old or older should have a plan in place in case they are incapacitated and unable to make their own decisions. At this point as a legal adult your parents don’t have automatic rights to your health care information and to make decisions on your behalf without taking extra steps which might cause additional stress and take critical time when decisions often need to be made quickly.
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Reading Time: 5 minutesDrawing up a trust is an area where experience counts, but that doesn’t mean you need to go to a large national law firm. On the contrary, many large firms have dropped this practice, and some of the savviest trusts and estates attorneys have their own firms or practice in small and moderate-size law firms.
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Reading Time: < 1 minuteNow that you’ve learned all about your options, and have started thinking about how you want to handle your estate, it’s important to take action. There are three main ways to get started:
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Reading Time: 8 minutesWe’ve all watched that scene in a movie in which the family gathers around to hear the reading of a loved one’s last will and testament. The document is intoned, everyone listens solemnly, and we assume everything’s taken care of. So it’s no wonder that most Americans write a will to indicate their wishes regarding inheritance and leave it at that.
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Reading Time: 4 minutesWhen most people think about estate planning, the first type of document that probably comes to mind is a will—and for good reason. Wills are generally the centerpiece of an estate plan, allowing people to direct how their property should be divided and who should get it after they die.
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Reading Time: 4 minutesIf you haven’t done any estate planning—i.e. finalizing legal documents to manage and pass on property and set out wishes for end-of-life matters—it should be on your list of priorities. But before you call an attorney or start drafting documents on your own, it’s important first to understand some of the basic arrangements involved in estate planning, and the protections and assurances they can provide.
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