Milwaukee Estate Planning Law Firm
Proper estate planning puts you in charge of your finances and can spare your loved ones the expense, delay and frustration associated with managing your affairs when you pass away or become disabled. Each family's goals and needs are unique. Attorney Timothy Hall will provide comprehensive estate planning services tailored to each client’s needs. By talking with a knowledgeable estate-planning attorney, you can feel confident that you have chosen the best options for your personal needs.
Proper estate planning will accomplish the following:
- Provide for Incapacity
- Avoid Probate through appropriate non-probate transfers
- Provide for Minor Children
- Provide for a Child with Special Needs
- Minimize the costs of transferring assets upon death
A Will is a necessary part of estate planning. Your Will instructs a personal representative how to distribute your assets. Attorney Timothy Hall, an experienced estate planning attorney, can assist you in drafting a will that accurately reflect your wishes.
Health Care Powers of Attorney/Living Will Commonly known as an Advanced Directive, a Health Care Power of Attorney/Living Will is a valuable legal instrument. The law allows you to appoint someone you trust - for example, a family member or close friend to make decisions on your behalf about medical treatment options if you lose the ability to decide for yourself. Heath care directives are designed to outline the type and extent of medical care you wish to receive when you are unable to speak for yourself, including who will oversee your treatment. A living will allows you to direct your physicians in advance in the event of severe accident or debilitating disease.
Attorney Timothy Hall can help you draft an appropriate health care directive to ensure your medical treatment accurately reflects your wishes.
Durable Power of Attorney
A durable power of attorney appoints an agent to act upon your behalf to handle your financial affairs. This authority is effective upon signing the document. It does not take any authority away from you but simply allows an agent to act upon your behalf if desired or necessary. The most common example is in the case of an elderly parent who may need help with banking matters, e.g. signing checks, paying bills, etc., or dealing with insurance companies or Social Security. An agent under a financial power of attorney can also handle all of a person’s financial affairs in the event a person becomes incapacitated. Both powers of attorney are designed to avoid the need for a guardianship in the event a person becomes disabled. The authority granted under both a financial and health care power of attorney terminates upon the principal’s death.