Estate Plans in Wausau, WI

Estate planning in Wausau WI is a crucial aspect of financial and personal management that ensures your values, assets, and wishes endure beyond your lifetime. It involves more than just financial considerations; it encompasses your values, beliefs, and the impact you want to leave on future generations.

Wausau WI Estate Planning Today


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President, Buska Wealth Management, LLC
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Private Wealth Advisor
Eau Claire Office
Private Wealth Advisor, Retirement Plan Consultant
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Everyone Has An Estate Plan,
Either The One You Chose Or The One The State Gives You

What Is Estate Planning?

Estate planning involves preparing for the transfer of your assets and responsibilities after you die or become incapacitated. Estate planning should begin as soon as you acquire significant assets or have dependents and should be reviewed every 3-5 years or after major life events.

Why Estate Planning is Important

Ensuring Your Wishes Are Followed:
A well-structured estate plan ensures that your wishes regarding the distribution of your assets and care for your dependents are carried out.

Protecting Your Family and Loved Ones: By planning ahead, you can provide financial security and reduce the burden on your family during a difficult time.

Minimizing Taxes and Legal Fees: Strategic estate planning can help reduce estate taxes and other costs associated with the transfer of your assets.

Avoiding Probate: Proper planning can help minimize or avoid probate, a lengthy and often costly legal process that validates your will and oversees the distribution of your estate.

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Smart, attorney-backed, legally sound documents

Estate Planning Just Got Easy

Powers of Attorney, Wills and Trusts

All costing on average 70% Less than traditional estate attorney fees.

Contact us today to see if you qualify for Financial
& Healthcare Powers
of Attorney on us!*

*Must have at least $50,000 of investable assets


Key Components of an Estate Plan

Last Will and Testament: Communicates your final wishes pertaining to your assets and dependents. It provides instructions on what to do with possessions; whether they are left to another person, a group, or are donated to a charity; designates guardians for minor children or pets, and outlines management of accounts and financial interests. Without a will, the state decides how your estate is distributed, which may not align with your wishes.

Living Will: Specifies your wishes for medical treatment if you become unable to communicate. It may include topics such as life support, pain management, or organ donation.

Powers of Attorney: Grants someone the authority to act on your behalf in financial or medical matters if you become incapacitated. Types include:

  • Financial Power of Attorney: Allows an appointed agent to make decisions about your property and finances.
  • Healthcare Power of Attorney: Allows an appointed agent to make decisions about your healthcare. It’s a state-specific document that gives both your physician and the agent details on the kinds of medical treatment you desire. If you fail to appoint a healthcare agent while you are able, the probate court must appoint a conservator to make healthcare decisions on your behalf.

Trusts: A legal entity to which you transfer ownership of your assets. It empowers you to manage your assets during your lifetime and contains the details of how they are to be distributed at your death. Trusts can help avoid probate, provide tax benefits, and offer more control over asset distribution. Types include:

  • Revocable Trust: Can be altered or revoked during your lifetime.
  • Irrevocable Trust: Cannot be altered or revoked once established.

Beneficiary Designations: The act of naming the person(s) who will inherit an asset upon your passing, regardless of the terms of your will. Examples include retirement accounts and life insurance policies.

Letter of Intent: A document that provides additional instructions and information to your executors and beneficiaries, including your wishes for funeral arrangements and other personal matters.

Wausau WI 5 Steps To Creating An Estate Plan Today


5 Steps to Creating an Estate Plan

Start by listing all your assets, including real estate, investments, bank accounts, personal property, and digital assets. Determine their value and consider how you want them distributed.

Consider your goals for your estate plan. Do you want to provide for your children’s education? Support a charitable cause? Ensure your spouse is financially secure?

Select individuals you trust to carry out your wishes. An executor will manage your estate, while trustees handle any trusts you've established.

Work with an attorney to draft the necessary legal documents, including your will, trusts, power of attorney, and healthcare directives. Legal expertise ensures these documents comply with state laws and effectively express your wishes.

Review your estate plan every 3-5 years, especially after major life events such as marriage, divorce, the birth of a child, or significant financial changes. Updating your plan ensures it remains aligned with your current circumstances and goals.


5 Common Estate Planning Mistakes

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Not Having a Plan

Dying intestate (without a will) means your estate will be distributed according to state laws, which may not reflect your preferences.

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Failing to Update the Plan

Life changes such as marriage, divorce, or the birth of a child require updates to your estate plan and beneficiary designations. Failing to update can result in outdated or irrelevant provisions.

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Choosing the Wrong Executors or Trustees

Select individuals who are responsible, trustworthy, and capable of managing your affairs. Poor choices can lead to conflicts or mismanagement of your estate.

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Not Considering Tax Implications

Effective estate planning includes strategies to minimize federal and state taxes, ensuring more of your assets go to your beneficiaries.

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Overlooking Digital Assets

Include instructions for managing your digital assets, such as online accounts, social media, and digital files, to ensure they are handled according to your wishes.

Prioritize your family's future with a simple step

Securing Tomorrow Starts Today!

We understand life gets busy, but creating an Estate Plan is essential. Don't delay safeguarding your loved ones' well-being – our streamlined process makes it easier than you think. Invest a little time now for lasting peace of mind. We can assist with your Last Will and Testament, Financial and Healthcare Powers of Attorney, and Revocable Trusts.

Wausau WI Reduce The Stress Today

Reduce The Stress Of Planning for The Future

Estate Guru

Contrary to common belief, creating an Estate Plan doesn't have to be complex. Our user-friendly platform makes the process smooth and hassle-free. Invest a little time now for a lifetime of security and peace of mind.

  • Easy to use and intuitive interface
  • Legally sound documents
  • 100% attorney-guided process
  • Easy to update when life changes
  • No traditional lawyer fees
  • Digital and printed document shipping
  • Customized estate plans
  • Easily share your plan with others

Powers of Attorney, Wills, and Trusts - all costing on average 70% less than traditional estate attorney fees. Contact us today to see if you qualify for Financial & Healthcare Powers of Attorney on us!*

*Must have at least $50,000 of investable assets

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