• Skip to primary navigation
  • Skip to main content

Krueger Hernandez & Thompson SCEstate

Attorneys at Law

  • Home
  • Our Firm
    • About Our Firm
    • About The American Academy
    • Attorney and Staff Profiles
    • Communities We Serve
      • Adams County
      • Columbia County
      • Dane County
      • Madison
      • Sauk County
  • Estate Planning
    • Asset Protection & Business Planning
    • ESTATE AND GIFT TAX FIGURES
    • Estate Planning Services
    • Family-Owned Businesses & Farms
    • Incapacity Planning
    • IRA & Retirement Planning
    • Legacy Planning
    • LGBTQ Estate Planning
    • Pet Planning
    • SECURE Act
    • Special Needs Planning
    • Trust Administration & Probate
  • Practice Areas
    • Business Needs
    • Divorce / Family Matters
    • Real Estate
  • Resources
    • Estate Planning Resources
      • Estate Planning Checkup
      • Estate Planning Definitions
      • Estate Planning Reports
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
      • Top 10 Estate and Legacy Planning Techniques
    • Frequently Asked Questions
      • Estate Planning FAQ’s
      • Frequently Asked Questions for Families Without an Estate Plan
      • Legacy Wealth Planning FAQ’s
      • LGBTQ Estate Planning Frequently Asked Questions
      • Trust Administration & Probate Frequently Asked Questions
    • LGBTQ Resources
    • Pre Consultation Form
    • Special Needs Resources
    • Trust Administration & Probate Resources
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • The Mourner’s Bill of Rights
      • Trust Administration & Probate Definitions
      • When a Loved One Passes Away With a Trust
      • When a Loved One Passes Away With a Will
  • Testimonials
    • Review us
    • Our Testimonials
  • Blog
  • Contact Us
  • Call Us Today (800) 431-9776
  • ATTEND FREE WEBINAR
    • Medicaid Planning
    • Estate Planning
  • Show Search
Hide Search
Home / Estate Plan / 7 Simple Steps to a Better Estate Plan

7 Simple Steps to a Better Estate Plan

Stephanie Thompson, Estate Planning Attorney of Krueger Hernandez & Thompson SC · Feb 17, 2016 ·

7 Simple Steps to a Better Estate PlanMaybe you are creating an estate plan for the first time. Or maybe you are making changes to a plan you created many years ago. Either way, there are simple steps you can take to put yourself on the right track.

Here are seven things you should do:

  1. Make a will. Regardless of where you live, this is the simplest step you can take to ensure that your estate is in good hands.
  2. Learn more about the benefits of a trust. A will is enough for some people, but not all. You may want to consider a trust, as this can save your heirs time and money by avoiding probate.
  3. Create a health care power of attorney. Who will make health care decisions for you if you are unable to do so?
  4. Create a financial power of attorney. With this, you can appoint somebody to care for your finances in the event that you are incapacitated.
  5. Understand the benefits of life insurance. It may be expensive. It may not be something you want to think about. Even so, the benefits of life insurance should have you considering this purchase.
  6. Know how estate taxes work in your state. This will go a long way in helping you make decisions regarding your estate plan.
  7. Consult with an estate planning attorney. With so many decisions to make, you may be concerned about mistakes. An attorney can answer your questions, provide advice, and help you better understand the process of creating a comprehensive estate plan.

With the seven steps above, you can create an estate plan that you will feel good about. This doesn’t mean you will never have to make changes in the future. What it does mean, however, is that you can feel better about your current situation and what would happen if you were to pass on.

  • Author
  • Recent Posts
Stephanie Thompson, Estate Planning Attorney of Krueger Hernandez & Thompson SC
Stephanie Thompson, Estate Planning Attorney of Krueger Hernandez & Thompson SC
As the owner of Krueger Hernandez & Thompson SC, it is Stephanie’s mission to address each client’s goals for their estate plan. By identifying their wishes and concerns she can educate, guide, and counsel on the different tools and options that will effectively and efficiently accomplish those goals.
Stephanie Thompson, Estate Planning Attorney of Krueger Hernandez & Thompson SC
Latest posts by Stephanie Thompson, Estate Planning Attorney of Krueger Hernandez & Thompson SC (see all)
  • Spring Summit 2022: Celebrating Friendship in the Lone Star State - June 15, 2022
  • What Makes a Will or Trust Invalid - June 2, 2022
  • How Estate Planning Documents Help Prevent Elder Abuse - May 26, 2022

Estate Plan, Estate Planning changes to current estate, creating an estate, estate, estate lawyer, Estate Planning, Estate Planning Attorney, estate planning in baraboo, estate planning madison, health care power of attorney, heirs

Blog subscription

MIDDLETON

8215 Greenway Blvd, Ste. 590
Middleton, WI 53562
United States (US)
Phone: (608) 824-9540
Fax: (608) 824-9140

BARABOO

120 Third Street, Unit A
Baraboo, WI 53913
United States (US)
Phone: (608) 356-3961
Fax: 608-824-9140

By Appointment Only
All Mail Should be Directed to the Middleton Address

Opening hours

Monday7:00 AM - 5:30 PM
Tuesday7:00 AM - 5:30 PM
Wednesday7:00 AM - 5:30 PM
Thursday7:00 AM - 5:30 PM

Map

map for Krueger Hernandez & Thompson SC Estate ofice

  • Facebook
  • LinkedIn
  • Twitter

© 2022 · American Academy of Estate Planning Attorneys, Inc. | Disclaimer | Privacy Policy | Sitemap | Contact Us