Estate Planning

Estate planning is the process by which couples or individuals structure their affairs to coordinate the transfer of their assets upon death. The attorneys at Wyant Law Offices, S.C. use the most efficient and effective means of transferring wealth from one generation to the next in order to fulfill our clients’ objectives.

We know that most clients prefer the simplest and most efficient plan that is appropriate for their unique circumstances. That is why we work hard to understand the goals you want to achieve and the facts of your particular situation. We work hard to develop the plan that is right for you and avoid needless complexity. We only suggest a more elaborate plan when it adds value for our clients.

Once the appropriate estate plan is in place, we structure our clients’ financial affairs to coordinate their assets with the new estate plan. Preparing a will and/or revocable trust does not ensure that all assets will flow as expected upon death. Each account may have a beneficiary designation, payable on death designation, transfer on death designation or joint ownership component. If not properly coordinated with the client’s estate plan, these designations can frustrate the objectives the plan is intended to achieve. We make sure that doesn’t happen to you.

Tax planning, as a part of estate planning, is unique because it involves the intersection of income taxes, estate taxes, gift taxes and generation skipping taxes. We counsel our clients on the tax implications of their plans.

In addition to wealth transfer planning, we work with clients to prepare documents to address potential incapacity during life.  Virtually every estate plan includes a durable power of attorney for financial matters and a health care power of attorney.  These critical documents allow individuals to avoid a court-supervised guardianship by naming a trusted person to make financial decisions for them and also name the same, or different individual, to make health care decisions if necessary.

Tools of Estate Planning

We use a wide variety of estate planning tools to achieve a client’s objectives.  The attorneys at Wyant Law Offices, S.C. will counsel couples and individuals on the pros and cons of each and suggest the most appropriate tools for them.

• Wills
• Revocable Trusts
• Durable Powers of Attorney for Financial Matters
• Health Care Powers of Attorney
• Customized Beneficiary Designations for Retirement Benefits and Life Insurance
• Marital Property Agreements
• HIPAA Release Authorizations
• Advanced Funeral Directives
• Irrevocable Trusts
• Lifetime Gifts

Call for an initial consultation

Wyant Law Offices, S.C. has the knowledge and experience to help create your estate plan.

Call us today at 262-634-1203 to schedule your initial consultation.