It is never too early or too late to begin the estate planning process. Even if you think you are too young or the time has passed, it would be in your best interest to consider the steps you can take to secure the future of those you will leave behind.
Estate planning is the creation of a plan that is meant to manage your wealth while you’re alive and subsequently distribute it after you pass on. At Krueger Hernandez & Thompson SC, we help protect your material possessions but more importantly, we help you protect your loved ones and their relationship with one another.
With the assistance of Krueger Hernandez & Thompson SC, you can create an estate plan that preserves and distributes your assets, both during your life and upon your death. With a plan in place, your loved ones will know what you want rather than be left to guess among themselves about your wishes during what is likely the most difficult time of their lives.
Your estate includes all assets and everything you own. Real estate and land, bank accounts, insurance proceeds, investments, and personal property are just a few examples of assets of an estate plan.
There are many options to consider during the estate planning process, including:
- Last will and testament/probate
- Revocable living trust
- Lifetime gifting
- Joint ownership like joint tenants
- Life estates
- Beneficiary designations
To some, the process of estate planning sounds simple. To others, this appears to be a daunting task with no end in sight. Both can encourage you to continue to procrastinate in putting getting a plan in place. Procrastination is the number one reason why people fail to plan. Krueger Hernandez & Thompson SC makes estate planning easy and takes the burden from the clients so that a plan can get into place as soon as possible for the protection of our clients and their families.
Problems often times arise when people don’t rely on the appropriate methods of passing on their estate upon their death. If you have an estate plan in place, you never have to concern yourself with what will happen to your assets. Instead, you know for sure that your plan will be carried out as you have chosen.
At Krueger Hernandez & Thompson SC, we are more than happy to answer all of your estate planning questions. We provide a variety of services, all of which can help you better manage your assets now while ensuring that the appropriate steps are taken upon your death.
Remember, estate planning is not something you should put off any longer. The sooner you figure this out the better you will feel. Let us be your guide as you consider the many options for preserving your family’s future. Krueger Hernandez & Thompson SC has offered education and guidance to their clients of all economic levels, ethnic backgrounds and beliefs.