Wisconsin Rapids, Wisconsin
240 2nd St. , Suite 301
Wisconsin Rapids, WI 54494
715-422-6808

Why Estate Planning Is Essential at Any Age September 24, 2018

Wisconsin Rapids, Wood
Why Estate Planning Is Essential at Any Age, Wisconsin Rapids, Wisconsin

From young adults to senior citizens, estate planning benefits all individuals. No matter where you are in your life, drafting wills and estates will protect assets and loved ones in a worst-case scenario. If you haven’t done so yet, here is why you should get started.

Wills & Estates Planning for Each Age Group

1. Young Adults

Whether you are an adult working as an employee or pursuing a career as an entrepreneur or small business owner, it’s a good time to buy insurance and make a will. Life, health, and disability insurance policy rates are low for young people. Writing a will lets you designate who owns and controls your assets, including copyrights to music, films, or art you created, or patents for apps you designed. 

2. Middle Age

wills and estatesThis life stage might include a spouse, life partner, children, or a thriving career. Drafting a will now allows you to name a guardian for your minor children, and by creating trusts, you can protect and manage assets for them or other loved ones. Wisconsin law even allows pet trusts. A durable power of attorney gives authority to someone you trust, so business and personal matters continue to function if you become incapacitated. Experienced wills and estates attorneys develop plans for all types of family and business configurations.

3. Senior Citizens

This stage of life includes managing retirement funds, executing business sale or succession plans, providing inheritances for children and grandchildren, or establishing a special needs trust for an ailing spouse. Experienced wills and estate lawyers address these matters, update wills, and prepare advance directives, which allow individuals to state what medical treatment they do or do not want if they become incapacitated. Such documents relieve loved ones of making those difficult decisions.

 

Now is always the right time to consult a wills and estates attorney. Luke A. Weiland, Attorney at Law, in Wisconsin Rapids, WI, has a 12-year record of helping individuals achieve their personal, family, and business goals through sound estate planning. Get peace of mind with his wise legal counsel and effective representation focused on protecting your assets and interests. Call (715) 422-6808 or visit the website to schedule an appointment with this dedicated lawyer.

Other Announcements, Events and Deals from Luke A. Weiland Attorney at Law
Why Do You Need a Divorce Lawyer if Your Split Is Amicable?, Wisconsin Rapids, Wisconsin
Although it’s never easy for a marriage to end, some couples can part ways peacefully. Under these circumstances, it may be difficult to understand why you would still need a divorce...read more
3 Times Startups Need a Trusted Corporate Attorney, Wisconsin Rapids, Wisconsin
Many entrepreneurs are so focused on establishing brand recognition when launching a business that they fail to consider the various legal issues that arise. While drawing in consume...read more
4 Reasons to Consult a Corporate Attorney, Wisconsin Rapids, Wisconsin
Whether you are a one-person operation or a large company with an eye on expansion, you can benefit from the services of a corporate attorney. These professionals will counsel you on...read more
3 Questions to Ask a Divorce Law Attorney Before Filing, Wisconsin Rapids, Wisconsin
Filing for divorce is a life-changing move, so it’s important to be certain of the decision before doing so. Once you are sure it’s time to end the marriage, a divorce law&...read more