Appleton Estate Planning Lawyer

How to Begin the Process of Estate Planning

by Keith Adkins | February 7th, 2013

Feb. 7, 2013

Data shows that more than half of Americans do not have a will in place in case they unexpectedly pass away. Failing to properly lay out a plan for an estate can often lead to family disputes and heated court battles.

Many people do not begin the process of Financial and Estate Planning simply because they don’t know where to start. A page from the U.S. government’s website offers a simple step-by-step plan to getting such a plan organized.

The first step in the process is drafting a will stating how you would like your property to be divided. However, there are certain restrictions that must be followed when creating this document. A person must be over the age of 18-years-old in most states. They must also be of sound mind when the document is drafted, and must clearly state it is their will. Also, the document must be notarized, and it’s signing must be observed by two witnesses.

An executor of the will must be named, and that person is in charge of ensuring property is distributed as the deceased wished. They are responsible for an inventory of assets and distribution of property, but must also settle all debts and taxes owed by the individual who passed.

The Wisconsin Personal Injury Lawyers with Sigman, Janssen, Stack, Sewall & Pitz explain there are numerous other aspects of the will and estate planning and encourage anyone considering drafting such documents to contact an attorney.

How to Plan for the Loss of a Loved One

by Keith Adkins | November 29th, 2012

November 29, 2012

The days following a loved one’s death can be a very confusing time. Many people do not know what steps need to be taken in order to close out a loved one’s life.

A recent article from Consumer Reports recently discussed in detail the steps that need to be taken in order to close out a loved one’s life. The most important thing that needs to be done immediately is to contact a person who can declare the death official. If a doctor is not present, you may need to get into contact with a hospice nurse. If the death was unexpected, a person should contact 911 so that paramedics can step in to complete the task.

The next step will consist of notifying those closest to the deceased. This will not only include friends and family, but also the victim’s doctor and employer. One should also take steps to care for the individual’s pets and dependents.

In the days following the death, there will be paperwork in order to close out your loved one’s life. This can often be streamlined by discussing final wishes with an Appleton Financial Planning Attorney prior to a death.

The Wisconsin Personal Injury Lawyers with Sigman, Janssen, Stack, Sewall & Pitz have a vast knowledge of what steps need to be taken to secure a family’s financial security after a death and are here to answer any questions you may have.

New Study Shows How Beneficial Financial Planning Can Be

by Keith Adkins | July 26th, 2012

July 26, 2012

The Consumer Federation of America released the results of their 2010 Household Financial Planning Survey earlier this week; some experts say the results show the need for Americans to make detailed and predetermined decisions about how to spend their money.

Participants in the study filled out surveys that covered questions on topics ranging from their financial status to their financial planning practices. The results were then compared to those collected from a similar survey in 1997.

The study’s results showed that fewer Americans are confident in their ability to achieve their financial goals than there were 15 years ago. As a result, more Americans may have to work past 65 years of age.

The study also found that families that practiced financial planning with less money stated that they lived comfortably more often than families with more money with no financial plan. Those that planned ahead were also less prone to financial worries, in better control of their finances, less likely to carry credit card debt, and more likely to be saving..

So what can you do to get started with a financial plan for your family?

The Appleton Personal Injury Lawyers with Sigman, Janssen, Stack, Sewall & Pitz say that the first and most important step is contacting an experienced and knowledgeable attorney to discuss your family’s Wisconsin Financial Planning goals. From there, a plan can be created and drawn up specifically for you.

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