The Benefits of Estate Planning

For most of us, planning for the future, whether it be near or years away, gives us peace of mind.  Depending on your age and the stage of your life you’re living, the near future may hold retirement, marriage, or children.  No matter what stage of life you are in, estate planning will not only benefit you, but also your loved ones if something were to happen to you.

In Sauk County, Wisconsin, estate planning begins with maintaining your final wishes in documents that will stand up in a court of law, should there be any contest against them.  Not taking the time to properly prepare the documents can result in the state making decisions on your behalf without your input.  Below are the steps to take to ensure your estate will be protected and executed to your liking:

1. A signed Will executed according to Wisconsin State Law
2. Name your beneficiaries
3. If applicable, determine estate taxes
4. Draft a letter pertaining information and instructions that do not belong in your will (i.e. type of funeral or service, music to be played, in lieu of flowers, etc.)
5. Draft a Power of Attorney
6. Create a Living Will
7. Organize and store your estate plans in a safe and accessible place.

Taking the time to collect and prepare an estate plan will ensure your loved ones will be able to take the time they need to grieve and not have to worry about your belongings and what you wanted after you’re gone.  If you are ready to start planning your estate, please contact the attorneys at Southworth and Stamman today, 608-254-9589.