Leitner Law Office, LLP works with clients to designWisconsin estate planning that meets their particular needs. In doing so, we encounter common questions, such as:
- What is estate planning?
- What are advance directives?
- What is a living will?
- What is a durable power of attorney?
- How can estate planning help to minimize taxation?
Discuss Madison estate planning and plan your family’s future
At Leitner Law Office we offer a free consultation to find out how we can help you with estate planning. Discuss your estate and design a plan that preserves your wealth and carries out your wishes. Call (608) 836-0259 today or contact Leitner Law Office, LLP online.
Estate planning uses legal devices to put decisions in place and manage your affairs for a variety of purposes, such as:
Advance directives for health care are legal documents used to carry out your wishes for health care should you become incapacitated and unable to convey your wishes. The most common legal documents used are living wills and durable powers of attorney.
A living will contains your end-of-life decisions, such as whether you want resuscitation if you quit breathing or your heart stops, use of feeding tubes, dialysis, breathing machines, and other types of life support, along with your wishes for organ or tissue donation.
There are two types of durable power of attorney—financial and healthcare. A durable power of attorney for healthcare designates a trusted person to make health care decisions for you if you are unable to do so. A durable power of attorney for finances appoints a trusted individual to act on your behalf regarding your money and assets, which may involve decisions such as:
Because every estate is different, there is no one right plan for every estate. However, some Wisconsin estate planning strategies that can help minimize taxation include trusts, wills, revocable living trusts, charitable trusts, personal residence trusts, succession planning, and gifting, to name a few.