A Brief Guide to Estate Planning (1)

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A Brief Guide to Estate Planning
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Documents Included in an Estate Plan
While each estate plan is different and designed
to meet the creator's needs, most have specific
documents in common. Those include

• A last will and testament (or "will")
• A living trust
• A living will (health directives)
• A power of attorney (POA)

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WHY IS IT NECESSARY TO CREATE AN ESTATE PLAN?
Avoiding Probate Securing Beneficiaries Lessening
Estate/Income/Estate Taxes Avoiding a
Mess Protecting Assets from Fake Creditors
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Reasons Why You Need an Attorney for Estate
Planning

• It saves time and energy
• You require more than a will
• It Saves money
• Objectivity
• Save more cash

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ESTATE PLANNING DOCUMENTS HOW IMPORTANT ARE THEY?
Estate planning documents are the only way to
guarantee that your estate is managed according
to your desires. This includes the time from when
you may lose your mental abilities, to after your
demise when your estate transfers to the
individuals you have designated as beneficiaries.
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The following are just a few Estate Planning
options

• Trusts
• Durable Power of Attorney
• Special Needs Planning
• Medicaid Planning

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To learn more about estate planning in Wisconsin,
we encourage you to set up a free consultation
with one of our attorneys at the Elder Law Center
of Wisconsin. For more information, please call
us.
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OUR CONTACT INFORMATION
[phone]
www.elderlawcenterofwisconsin.com
paralegal_at_elcwi.com
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