When creating your estate plan in Wisconsin, you probably focus on what you want, which is fine, but if you want to ensure things go smoothly after your death, then you need to focus on more than yourself. Arguments, disagreements and misunderstandings can lead to a long probate process, which ties up your assets. To avoid this, Kiplinger suggests making the estate planning process more open and focused by ensuring your desires are clear, communicating what you want to your heirs and customizing your plan to your family’s needs.
Clarity is very important because it removes doubt or confusion. If you are very clear about what you want, it will make it difficult for someone to say you did not understand what you were doing when you wrote up your estate plan.
Communicating your desires is essential to avoid issues after your death. If everyone knows what to expect and there are no surprises, it greatly reduces issues with someone contesting once your estate is in probate. You may even have the chance to discuss things and explain why you made certain decisions to ensure everyone is on the same page.
Finally, customize your estate plan to the needs of your family. This may mean including trusts for your children or setting up special accounts for certain beneficiaries. It may mean leaving everything to one person who will then disperse things as he or she sees fit. It really depends on your personal situation as to how you utilize the many estate planning options available. This information is for education and is not legal advice.