Creating a Roadmap for Your Legacy

Estate PlanningOften times, people find the idea of an estate plan overwhelming or believe they have plenty of time before it’s necessary. The reality is that estate planning is a highly necessary tool that protects both you and your loved ones at every stage of life, whether you’re:

  • Turning 18 and naming a durable power of attorney and a health care power of attorney.
  • Having your first child and selecting a guardian in a Will in the event something happens to  both parents. Of particular importance is who will raise the child and how both families can be a  part of the child’s life.
  • Considering a trust to administer financial assets and life insurance proceeds for the benefit of your minor children. It’s important to separate the duties of a guardian of the person who is actually taking care of the child and the financial component. Money can be set aside for future education and for support and maintenance while the children are growing up.
  • Accumulating more wealththrough investments, retirement accounts, or real estate. An overall estate plan should be put in place to provide direction to your loved one.
  • Remarrying/blending families and structuring an estate plan to take care of the current spouse but still separate and preserve an interest for the children from a previous relationship. A revocable trust would be structured to separate the marital interest in order to accommodate both goals.
  • Setting up trusts for the grandchildren‘s education and/or helping with a first home purchase or in general assisting their grandchildren in the future.
  • Drafting special needs trusts that can be utilized by the entire family to bequest money for the disabled relative. Government benefits are designed to only provide the bare minimum for a person and a small bequest can go a long way in improving the life of a disabled person.
  • Addressing the disposition of assets by widows and widowers to their children and/or grandchildren or charitable interests.
  • Protecting family cottages or sentimental family property that people want to remain in the family for years to come. The use of trusts and family limited liability companies or partnerships can achieve these goals.

At Axley, our experienced attorneys believe a carefully crafted estate plan is one of the most valuable gifts you will ever give. They guide you through this personal process to create a plan that meets your needs and those of your family. Setup a free initial consultation by using the form below, emailing law@axley.com or calling 262.524.8500.

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Our Estate Planning Attorneys

NLW Nancy Wilson
Phone: 262.409.2281
Email: nwilson@axley.com

Nancy L. Wilson is a partner at Axley’s Waukesha office focusing her practice in the areas of business, tax planning, estate planning and administration.In her estate planning and administration practice, Ms. Wilson assists clients with the preparation of wills, powers of attorney, trust formation, special needs trusts, family limited liability companies, and gifting programs. She also provides estate and trust administration including probate and tax preparation. Ms. Wilson works with financial advisors, accountants and lenders to achieve optimal results for her clients. In addition to her law degree, she also has a Masters in Accountancy with an emphasis in Tax and a Masters in Law in Taxation

MMartin-small Michelle Martin
Phone: 262.409.2288
Email: mmartin@axley.com

Ms. Martin’s practice in estate planning encompasses the preparation of wills, trusts, and powers of attorney; probate proceedings; and probate litigation.

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We are happy to provide preliminary responses to general questions at no charge. However, the use of this site, and the sending or receipt of this information, does not create an attorney-client relationship between us. Please DO NOT send any information to us regarding a specific legal matter until you have spoken with one of our attorneys and obtained authorization to do so. Any communication with us through this site or by e-mail will not be considered as privileged or confidential.

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Google Map Madison
2 E. Mifflin Street
PO Box 1767
608.257.5661
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N20W22961
Watertown Rd
262.524.8500

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