Avoiding Probate

How Avoiding Probate can help you:

Probate rules are confusing. Probate can be expensive, time-consuming, and public, which is why many people want to avoid it. There are several ways to avoid probate in Wisconsin, depending on the type and value of your assets, like:

Joint ownership of property with rights of survivorship
Payable on Death (POD) and Transfer on Death (TOD) beneficiary designations for your bank, stock, 401k, and IRA accounts (and also real estate, farm equipment and business interests)
Trusts
Transfer by Affidavit (Small Estate Affidavits) for probate estates under $50,000 total

By using these methods, you can ensure that your assets are distributed according to your wishes, without the need for probate. However, always consult an experienced licensed lawyer to help you make sure these methods will not undermine or defeat your other estate plans and desires.

The experienced licensed lawyers at Ullenberg Law, with offices in Fond du Lac and Beaver Dam, can help you. Call us at (920) 924-9878.

Common Questions about Avoiding Probate

If you have concerns about avoiding the costs and risks of probate, please call us at (920) 924-9878 today.

What are the benefits of avoiding probate?

Avoiding probate, even for only some of your assets, can save time and money, quickly and privately distribute your assets to your loved ones upon your death, and reduce some conflicts between your beneficiaries.

Can the bank or my financial advisor help me to avoid probate?

Maybe but this is ripe for unintended things to happen in your estate plan. Bank employees may be able to help you set up pay-on-death accounts, name beneficiaries, or transferring assets to your trust. However, they may not know how these fit in and how they change, affect or thwart your entire estate plan.

Avoiding Probate

Common Questions about Avoiding Probate

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