Will or Trust Preparation
The Wisconsin Lutheran High School Foundation allows us to provide a will and estate planning service to our WLHS families, alumni, and friends of Wisco.
Wills and trusts (an estate plan) is a collection of documents that specify how you want your money and other assets distributed after the Lord has called you home, making it easier for your loved ones to handle your affairs during a time of grief.
Why is it good to have a will or trust?
- You decide which family or friends will receive your assets. Otherwise the court can give assets to those you may not have intended to receive anything.
- If you have minor children (under the age of 18), it protects them from being placed in the wrong guardianship through the court's decision.
- It stops beneficiaries from overpaying in taxes. With just a little planning, you can reduce much or even all of your federal, state or inheritance taxes within your estate.
- It eliminates the stress of making decisions from your family members, which can cause conflicts.
The Bottom Line:
Simply put, if you want your assets and your loved ones protected when you no longer can do it, you will need a will or a trust. Without one, your loved ones could face huge tax burdens and the courts could designate how your assets are divided, or even who gets your children.
Printable Free Resources for You!
- 25 Estate Documents You Need To Put In One Place
- Specific Items Gifted to Specific Members of the Family
- When, How, and Why to Plan a Gift
To get started on creating your will or trust, please fill out this short survey, or contact Kristine (Jeske) Metzger (WLHS '72) (executive director, WLHS Foundation) at email@example.com or (414) 453-4567 ext. 2011 for assistance at no cost to you.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.