Details for PRUITT LAW OFFICES S.C. / RETAIL - Ad from 2021-07-21

ask the lawyer by James W. Pruitt Attorney at Law aVOIDING PrOBate! Probate is a court process required in the state of Wisconsin if you die with assets in your name that total $50,000.00 or more without beneficiary designations. A probate usually lasts between nine to thirteen months, and costs range between $5,000.00 to $7,000.00, however, it can and should be avoided. Ways to avoid probate include placing transfer on death on your real estate deeds. Also, the use of family LLC’s for the cabin or land up north can allocate the property safely to multiple generations. Adding beneficiaries to all accounts and life insurance could also be utilized. Revocable trusts help if you have multiple beneficiaries or minor beneficiaries. Even though adding co-owners to accounts is a common practice, it is not the recommended practice for many reasons. To find out more about how you can avoid probate in your own estate planning, contact the Pruitt Law Offices S. C. to schedule a phone, video, or in-person appointment at 262-633-8301, or through our website at pruittlawoffices.com. Our office is located at 731 Main Street in Racine. We are your partners for professional service. www.pruittlawoffices.com Advertisement