Top Delafield, WI Irrevocable Trust Lawyers Near You
Irrevocable Trust Lawyers | Serving Proudly Milwaukee & all surrounding towns since 1996, WI
Our expert attorneys will create a personalized trust for you & your family - distribute assets, minimize estate taxes & plan for any incapacity. Call us to schedule a free consult
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111 East Kilbourn Avenue, 19th Floor, Milwaukee, WI 53202
731 North Jackson Street, Suite 900, Milwaukee, WI 53202
207 East Buffalo Street, Suite 201, Milwaukee, WI 53202
933 North Mayfair Road, Suite 300, Milwaukee, WI 53226
13845 Bishops Dr, Ste 300, Brookfield, WI 53005
165A East Wisconsin Ave, Oconomowoc, WI 53066
777 East Wisconsin Avenue, Suite 2000, Milwaukee, WI 53202
111 East Kilbourn Avenue, Suite 1000, Milwaukee, WI 53202
20975 Swenson Drive, Suite 400, Waukesha, WI 53186-4065
125 N. Executive Drive, Suite 210, Brookfield, WI 53005
740 North Plankinton Avenue, Suite 600, Milwaukee, WI 53203
511 N Broadway, Suite 1100, Milwaukee, WI 53202
N17W24222 Riverwood Dr, Suite 250, Waukesha, WI 53188
5555 N Port Washington Rd, Suite 305, Glendale, WI 53217
165 Bishops Way, Suite 100, Brookfield, WI 53005
222 E Erie St, Suite 320, Milwaukee, WI 53202
1601 East Racine Avenue, Suite 200, PO Box 558, Waukesha, WI 53187
707 West Moreland Boulevard, Suite 9, Waukesha, WI 53188
8741 West National Avenue, West Allis, WI 53227
7670 N Port Washington Rd, Suite 200, Milwaukee, WI 53217
10437 Innovation Drive, Suite 311, Wauwatosa, WI 53226
N19 W24133 Riverwood Drive, Two Riverwood Place, Suite 200, Waukesha, WI 53188
N88W16783 Main Street, Menomonee Falls, WI 53051
788 North Jefferson Street, Suite 900, Milwaukee, WI 53202
1233 North Mayfair Road, Suite 200, Milwaukee, WI 53226
Delafield Irrevocable Trust Information
Lead Counsel Verified Attorneys in Delafield
Lead Counsel independently verifies Irrevocable Trust attorneys in Delafield and checks their standing with Wisconsin bar associations.
Our Verification Process and Criteria
Ample Experience
Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.
Annual Review
Submit to an annual review to retain their Lead Counsel Verified status.
Client Commitment
Pledge to follow the highest quality client service and ethical standards.
What Is an Irrevocable Trust?
An irrevocable trust is generally permanent. After the grantor sets up an irrevocable trust, they cannot make changes to the trust later. There are tax benefits for irrevocable trusts that protect assets from estate or income taxes. Putting assets in an irrevocable trust can also make the grantor eligible for some government programs, such as Medicaid.
What Are Some Examples of Situations Where I Might Need a Trust and Estates Lawyer?
Most people think of a trust as something they only need to consider when they pass away. However, a trust can be something you can benefit from during your life and provide for your family after death. Trust planning can help manage property and assets, gain tax advantages, and avoid probate. You should consider a trust when you:
- Have significant financial assets or property
- Have family members with special needs
- Want to distribute assets to charitable groups or religious organizations
- Want to protect your privacy
- Need to preserve assets for minor children
- Have major life changes
How Can a Trust Lawyer Help Me?
An experienced lawyer can give you the backing you need to navigate the legal system and find the best possible results for your case. Because laws are different from state to state, speaking with a lawyer in Wisconsin is critical in understanding all the elements of your situation and making the best decisions when it comes to your estate planning. A trust lawyer can help with:
- Trust creation
- Asset management and protection
- Estate planning
- Trust administration
- Modification or termination of your trust
- Trust disputes and litigation
What Could Happen if I Don’t Hire a Trust Lawyer?
If you don’t hire a trust lawyer, your assets will pass under Wisconsin probate laws. Probate can tie up your assets for months or years. If your beneficiaries are fighting over the assets, it can take longer and cost your estate money. With a trust, the property can pass outside of probate. You can also have more control over what happens to your estate after death. If you don’t have a trust, your loved ones may have to deal with:
- Estate taxes
- Delays in probate
- Fighting legal challenges over assets and property
- Property passing through intestacy
What Are the Top Questions When Choosing a Trust Lawyer in Delafield?
These questions can help you decide if you feel confident that a lawyer has the qualifications, experience, and ability to manage your trust case. Many trust and estate lawyers offer consultations that allow you to understand your options and get specific legal advice before hiring them. The top questions to ask include:
- What type of trust is most suitable for my situation?
- What are the benefits and drawbacks of creating a trust?
- How can a trust be used to address my specific concerns or goals?
- What is the process for creating and funding a trust?
- How will the trust be administered?
- What are the potential tax implications associated with a trust?
- How much will all of this cost?
Tips for Hiring a Trusts Lawyer
Taking the time to find a lawyer who is right for you and will represent your best interests is an important first step in protecting your finances. Find a lawyer who understands your case, knows your needs and goals, and has the experience to get the best outcome. Things to do:
- Ask for recommendations
- Research lawyers online
- Schedule consultations
- Review experience and expertise
- Talk about billing and fees
- Trust your instincts