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How many laws govern estate planning? If it's any indication, estate planning and probate is a legal specialty practiced by many lawyers – if you know this area of the law well, you can build yourself a career. Meaning, there are quite a lot of legal issues surrounding managing your property after your death. You might not know it though, considering that many people use one document, a last will and testament, to manage their financial holdings, investments and property. Considering their numerous benefits, these people must not know about the legal tool called a living trust.
Avoid probate in most states and enable the immediate transfer of your property with a Wisconsin living trust. Creating a trust is, in a way, creating a separate entity. Once you create this entity, it, not you, becomes the owner of every piece of property you transfer into it. Probate is an expensive, time consuming court procedure which executes a will. It can last up to three years and cost up to 10 percent of your estate.
For more information about living trusts, check out LegalZoom's free, online legal library. If a Wisconsin living trust sounds right for your estate planning needs, form one today by filling out our easy-to-follow online questionnaire. Let LegalZoom give you the confidence that comes with a future well planned.
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