Best Estate Planning Attorneys in Wausau, WI

Trust administration, also called trust settlement, is the process of fulfilling the directions left in a trust document after the trustmaker or trustmakers have passed away. It involves many of the same steps as probate, but is often accomplished in much less time than probate and with less administrative expenses.

One must qualify for Medicaid. Typically, one must require nursing home level of care (although there are alternate programs for individuals who have lesser needs) and meet the asset limitations.

There is a wide variety of types of assets that can be preserved when you work with an experienced Elder Law attorney, but the most popular assets to protect and easiest to work with tend to be real estate and life insurance.

Whether you are young or old, healthy or ill, everyone has the capacity to succumb to some event that will require us to seek help from our friends and love ones. When it comes to personal decisions concerning our finances, property, or health, the law does not allow others to step in and make those decisions for us if needed without first going through the proper legal channels. Completing your disability planning before the need arises is far easier and less costly than waiting until after you require help.

A Power of Attorney for Finances gives the authority to another individual (or group), your agent, to hand your affairs that concern your finances and your property should you ever need assistance with them. Your agent will be able do things like handle your banking, pay your bills, collect your mail, pay your taxes, and mind your business and property interests.