Wills Attorney – Brookfield, WI.
Serving Waukesha, Elm Grove, New Berlin, Pewaukee, & Lake Country.
We spend most of our adult lives working to provide for ourselves and for our families. We make decisions about how we spend our hard-earned money and who we spend it on. We raise our children the best we can, imparting life lessons and instilling in them the values we hold dear.
While it can be difficult to think about, it is important to make a plan that establishes our wishes for when we die. A thoughtful plan that ensures the fruits of our labor pass to those we love and our children are raised by someone we trust. Your Last Will & Testament is that plan.
At Carroll Estate Planning LLC., we are knowledgeable and dedicated advisors. Our priority is to work closely with you to craft a will that is carefully tailored to your unique situation. We will discuss and address all of the relevant issues so that you rest easy knowing your affairs are in order.
What Is A Will?
A will is the most well-known estate planning tool and arguably the most critical. A Last Will & Testament is a legal document that allows you to:
- Direct the distribution of your assets to the heirs of your choice.
- Appoint a legal guardian of minor children.
- Nominate a Personal Representative (Executor) to be responsible for administering your will.
What Happens If I Die Without a Will?
If you die without a will, the State of Wisconsin essentially creates one for you through the intestacy laws. The statute, not you, decides who receives your assets. In some cases, this could result in your assets being distributed to distant relatives. In a worst-case scenario, if there are no living heirs, your assets will go to the State.
If you have minor children and do not have a will appointing a guardian, the court will decide who will be the guardian of your children. This can be emotionally wrenching for your surviving family members and could lead to disputes about who is the best person to raise your children. Further, a court-supervised guardianship can be costly.
Without a will, you will have no nominated personal representative to administer your estate. If a probate is required, someone will need to step up and petition the court to be appointed as your personal representative. This might not be the person you would choose.
Dying without a will can cause confusion and conflict among your heirs during a trying time of grief. As you will have left no instructions about your wishes, there could be disputes among your heirs as to what you wanted to happen with your personal property and other assets.
Benefits of Drafting a Will
It is never too early to prepare a will for your estate plan. Your will can be modified or replaced, so if you are hesitant about making these important decisions, you can always go back and make revisions. The benefits of a will can be used for:
- Leave your property to specific people or organizations
- Name a personal guardian to care for your minor children
- Name someone you trust to manage the property you leave to minor children
- Name a personal representative to ensure that the terms of your will fulfilled
It is important that you decide who should inherit your possessions and without a will, Wisconsin’s intestacy laws govern who inherits someone’s possessions, property, bank accounts & other possessions. Take control of your legacy & secure your loved ones with a comprehensive Will from Carroll Estate Planning, LLC. Call today for an appointment!