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Wills, Trusts & Estate Planning

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Wills, Trusts & Estate Planning

We can help plan for the future of your estate, Attorney Konstantakis delivers responsive, professional and committed representation. We have built our reputation on delivering personalized services that are designed to meet unique needs. No two estate planning issues are exactly the same. They should not be handled as if they were.

The estate planning tools that we have at our disposal include:
  • Wills
  • Trusts of many varieties
  • Durable Power of Attorney for Financial Documents
  • Health Care Documents (Advance directives)
  • Handling all Estate Matters
Handling Estate Planning
Depending on your needs we can create a very traditional estate plan, featuring a simple will.
When creating an estate plan, there are several goals one must keep in mind. The most basic of these goals include:
  • Whom do I want to have what and on what terms?
  • Will my estate go through probate (a long and expensive court process) upon my death? If so, how do I avoid it?
  • Are estate taxes something I am worried about? If so, how do I minimize or avoid them?
  • Who is to be in charge of administering my estate?
  • If I have minor children, who will raise them (handle personal matters and/or finances for them)?
Wills

Depending on one’s financial situation, a will may be all that is needed to achieve these goals. Or, a will may be only a small part of one’s estate plan.
A common misconception is that a will avoids the need for probate. Having a will has no effect on whether probate is necessary. An experienced estate planning attorney should be consulted to determine what type of estate planning instruments are best for your situation.
We are here to help you make this decision. We will meet with you, listen to your concerns, analyze your specific situation, and thoroughly discuss your options.
After you make your decision, we will prepare the necessary documents for you and help you execute your estate plan.
We can also use very advanced estate planning techniques to address tax implications, family-owned businesses and other unique issues.

Trusts
A trust is a contract that usually sets forth who will manage one’s assets, be in charge of seeing that bills are paid, and how distribution of one’s property is to take place upon death.
Named in a trust are “trustees(s)” and, generally, “successor trustee(s).” While the creator(s) of a trust (often referred to as the settlor(s), trustor(s), or grantor(s)) are living, they are generally the trustee(s) of their trust. This means that they are in charge of their trust and can, generally, do as they please with the assets in the trust (within the restrictions of the trust).
The number one advantage of a trust is that, if assets are titled correctly (i.e., the trust is properly “funded”), these assets can pass to those named as beneficiaries without going through the Wisconsin probate court process.
Depending on one’s financial situation, a will may be all that one needs to achieve these goals. Or, a revocable trust may be the best option so that estate taxes are minimized or completely avoided, and probate is not necessary.
It important to consult with Konstantakis Law Office, LLC to determine what type of estate planning instruments are best for your situation.
We are here to help you make these decisions. We will meet with you, listen to your concerns, analyze your specific situation, and thoroughly discuss with you, your estate planning options.
After you make your decision, we will prepare the necessary documents for you and help you execute your estate plan.
We Are Standing by to Get Started
Contact us today to learn more about how we can meet your estate planning or estate administration needs.
In addition to English, our services are available in Greek.

 

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