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WI Fundamental Estate Planning

There are many legal strategies involved in estate planning, including wills, revocable living trusts, irrevocable trusts, durable powers of attorney, and health care documents. New clients often say that they do not have an estate plan. Most people are surprised to learn that they actually do have a plan. In the absence of legal planning otherwise, their estate will be distributed after death according to Wisconsin's laws of intestacy. Of course, this may not be the plan they would have chosen. A properly drafted estate plan will replace the terms of the State’s estate plan with your own.<br><br>

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WI Fundamental Estate Planning

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  1. Business and Estate Planning Attorneys We are a full-service estate planning, business law and probate law office working to provide peace of mind to our clients and their families. We are committed to personal service to each client, using only those legal tools and techniques that suit the individual client’s needs, goals and personal situation.

  2. Estate Tax Planning Historically speaking, the federal estate tax is an excise tax levied on the transfer of a person's assets after death. In actuality, it is neither a death tax nor an inheritance tax, but more accurately a transfer tax. There are three distinct aspects to federal estate taxes that comprise what is called the Unified Transfer Tax: Estate Taxes, Gift Taxes,

  3. Probate & Estate Administration Probate and estate administration are the processes through which estate assets are transferred after death. Assets to be transferred under terms of a will go through probate. Assets transferred outside of a will, such as by operation of law, or those planned for in a trust are handled through an Administration process

  4. Elder Law Elder law is another aspect of estate planning, focusing primarily on the needs of families and individuals as they age. Issues of aging include senior housing and home care, long-term (or nursing home) care, guardianships and health care documents, Medicare and Medicaid

  5. Wausau, WI Law Office • Map and Directions Hougum Law Firm, LLC Address: 305 S. 18th Ave, Suite 200, Wausau, WI 54401Phone: 715.803.6334 Email: info@hougumlaw.com Thanks

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