Wisconsin Advanced Estate Planning Attorneys

Whether you've built a business, purchased a home, accumulated investments, or simply want to provide for your loved ones, planning for the future is one of the most important decisions you can make. Without a proper estate plan, important decisions regarding your assets, healthcare, and family will be left to the courts, which may not align with your goals or wishes.

At SB Law, we help our clients create personalized estate plans to address their unique goals. We believe legal guidance should be practical, efficient, and tailored to the individual, and we regularly work alongside our clients' accountants, financial advisors, insurance professionals, and other trusted advisors to develop coordinated solutions for your estate.

While we offer basic estate planning services, such as preparing a last will and testament, creating a trust, or reviewing an existing plan, we also offer comprehensive advanced estate planning services to help you handle tax matters, business succession, and asset division.

With offices in Sheboygan and Manitowoc, Wisconsin, our experienced attorneys serve individuals, families, business owners, and retirees throughout Sheboygan County, Manitowoc County, and the surrounding communities. Contact us today to schedule a consultation and explore how advanced estate planning can benefit you and your loved ones.

Laws and Regulations for Advanced Estate Planning in Wisconsin

Wisconsin has several legal tools that can help you determine how your property, finances, and healthcare decisions will be handled in the future. Estate planning often involves preparing documents that direct the transfer of assets, appoint trusted decision-makers, and reduce uncertainty for family members.

The goal of advanced estate planning is to develop strategies that work in tandem with your will, trusts, and healthcare directives, minimize taxes, protect any businesses you own, and optimize the transfer of your wealth and assets after you pass away.

Wisconsin is one of a few states that does not impose a state-level estate tax or inheritance tax. Instead, the state follows federal guidelines for estate taxes and tax credits. According to the University of Wisconsin, any property that is gifted during the deceased's lifetime or at the time of death, commonly through trusts, is not considered income in the deceased's estate. This can significantly impact how your assets are divided and passed on to your beneficiaries.

Developing comprehensive advanced estate planning strategies is essential to protect your assets and wealth for your loved ones. Whether you want to preserve family wealth, provide for minor children, support charitable goals, or address business succession, our attorneys can help you establish the necessary provisions to achieve your goals. Contact us today.

Our Advanced Estate Planning Services in Wisconsin

At SB Law, our team of experienced Wisconsin estate planning attorneys is dedicated to providing the guidance and representation you need to protect your estate and provide for your heirs and beneficiaries. Some of the primary advanced estate planning services we offer include, but are not limited to, the following:

• Asset protection: We can use tools, such as family limited partnerships, to protect your assets and transfer your wealth to your heirs and protect it from creditors or lawsuits.

• Tax efficiency strategies: We can develop tools to minimize federal estate taxes on death, such as irrevocable life insurance trusts (ILITs) to keep your life insurance policy out of your individual estate, qualified personal residence trusts (QPRTs) to transfer residential property to your heirs with a reduced gift tax, or grantor retained annuity trusts (GRATs) to transfer appreciating assets without a gift tax.

• Protecting generational wealth: We can help you develop strategies to minimize probate and taxes when transferring your wealth, and to operate charitable trusts to achieve your philanthropic goals while reducing your taxable estate.

• Business succession planning: We can develop succession strategies and frameworks to help you transfer management and ownership of your businesses to your named beneficiaries without incurring probate fees or significant tax penalties.

Estate planning is a foundational component of long-term financial and family planning. If you have already established basic estate planning documents, contact our team today to explore how advanced estate planning tools can supplement your plan and provide additional protections for your assets and wealth.

How Our Firm Can Help

At SB Law, our attorneys are dedicated to helping you develop solutions that align with your personal, family, and business objectives. We frequently work with accountants, financial advisors, insurance professionals, and other trusted advisors to help you address your estate planning concerns through coordinated planning. Some of the primary reasons our clients choose our firm include the following:

• Collaborative approach: We work alongside other advisors to help create coordinated legal and financial strategies.

• Personalized guidance: Every family has different goals, assets, and concerns, and we are dedicated to providing individual guidance and direction.

• Practical solutions: We focus on providing clear, straightforward recommendations that address your goals, needs, and strategies.

Estate planning is not just about setting up documents. It is about protecting your loved ones, preserving your assets, and creating strategies that reflect your values. Our goal is to help you evaluate your available options and develop strategies to accomplish those goals.

Contact Our Firm Today to Start Building Your Estate Plan

Advanced estate planning provides an opportunity to protect your loved ones and preserve your estate more comprehensively than basic estate planning. At SB Law, our team of experienced Wisconsin advanced estate planning attorneys can help you develop a personalized plan that reflects your goals and priorities.

From our offices in Sheboygan and Manitowoc, we serve clients throughout Sheboygan County, Manitowoc County, and the surrounding communities. Contact our firm today to schedule a consultation and discuss how we can help.