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Many people assume because they don't own a fleet of cars or maintain a complicated portfolio, they don't need formal estate planning. However, nothing could be further from the truth—even if you only have a house, a savings account, and family members you love, you stand to benefit from preparing for the inevitable.

To get you started, the experienced estate planning attorneys at Arndt Buswell & Thorn S.C. in Sparta and Bangor, Wisconsin, have some helpful tips for creating the most effective preparations possible:

  • Make A List Of Assets: Write down everything you have of sentimental or monetary value, and discuss with your loved ones who will inherit which of your assets. When you're sure you've covered all the bases, write a will listing your intentions in minute detail. This simple step can help you avoid the kind of major conflicts capable of tearing families apart.
  • Estate PlanningUpdate Your Beneficiaries: Many people have insurance or retirement accounts, but few remember to regularly update the beneficiaries. If you've experienced a major life change since opening the account, such as a marriage, divorce, or death in the family, your beneficiary information will likely need to be updated.
  • Organize Your Documents: Prepare a list describing the exact location of your important documents, like birth and marriage certificates, as well as assets like jewelry and bond certificates. To help make your executor's job easier, you may want to include the name of your estate planning attorney, who should maintain a copy of your will.

Since 1991, the experienced team at Arndt Buswell & Thorn S.C. has been helping people throughout Monroe and La Crosse counties provide themselves with the peace of mind that comes from knowing all their affairs are taken care of. Visit their website now to learn more about their high-quality estate planning services, or call (608) 269-1200 to schedule a consultation with a lawyer today.

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