Wisconsin Trust Law: If you Have a Living Trust will you Always Avoid Probate?

Not necessarily. If you have a living trust and do not transfer your assets into the living trust during your lifetime, your estate will not avoid the death probate process. One of the main reasons we have the court proceeding known as probate is to transfer assets from the deceased person’s name into the living. Only the probate court has an ability to appoint an individual the legal ability to sign a legal document to transfer an asset that is in the name of a deceased person. With a living trust, no assets, other than tax-deferred assets, are in the name of you the individual. Rather, the assets are in the name of your living trust. The name of your living trust is typically your legal name followed by the words “living trust.” Krueger Hernandez & Thompson SC strongly believes EVERYONE should have an estate plan. Check us out at KH-LAW.NET.

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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. Read More!

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