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A message from the President
Handling someone's affairs after he or she dies is a core service that we provide at Prairie Financial Group®. Over the years, we have seen this service evolve from primarily a probate administration service (administration under a will with court supervision) to a trust administration or non-probate transfer (pursuant to a marital property agreement, beneficiary designation or POD or TOD designation). This is a specialized and often times complex service that requires immediate attention by the appointed personal representative or trustee. In order to handle this work properly, we believe you need to have a specialist who focuses on estate settlement services.
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Meet our dedicated Estate Settlement Administrator, attorney Diem Nguyen. Diem delivers trust and estate expertise to individuals and families, at all stages of life, to manage the complexities of wealth preservation and distribution. Read more about Diem. |
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Pre-planning can make a world of difference in the enormity of settling someone’s estate. Some tasks that can be accomplished ahead of time to ease the process include:
- Working with an attorney to draft or update your estate documents.
- Completing an estate organizer to help the person settling your estate locate your assets (example from the American Red Cross below).
- Updating account registrations to include joint titling or POD/TOD (payable on death/transfer on death) instructions.
- Adding a legacy person to your online accounts to manage digital assets (see below resources for more information).
We are happy to meet with you or your clients to help with estate settlement needs. For more information, please contact Terry Doyle, our Business Development Officer, at (262) 953-2435 or tdoyle@waukeshabank.com.
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Victor Schultz
President
vschultz@waukeshabank.com
(262) 522-7402 |
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Estate Settlement Resources
Click here for some information on being a personal representative.
Wisconsin has also put together a guide for Personal Representatives if probate is necessary. Click here for more details.
Another resource is a checklist for personal representatives. Click here for more details.
One way to help out whoever is going to settle your estate is by preplanning and putting together information about where you keep all your important items. This guidebook from the American Red Cross is a great start.
With the vast amount of digital assets, it is also important to keep these types of assets in mind. The American Bar Association has written an article with resources and things to keep in mind.
Benjamin P. Brunette and Kenneth P. Barczak have put together a great outline on the new Wisconsin Digital Property Act. Click here to review.
If you have questions, please do not hesitate to call us at (262) 522-7400 or visit PrairieWealth.com.
If you would like us to present to your group on this topic or another wealth management topic, please email Lisa at lpersohn@waukeshabank.com.
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SAVE THE DATE!
CE Luncheon Series: The Junction of Excellent Estate Planning and Terrible Trust Administration
Tuesday, May 23, 2017, 12:00 - 1:30 PM
PFG Community Room, 1227 Corporate Center Dr., Oconomowoc
Presented by Cannon Financial | CFP, CTFA, CISP, CRSP, CLE, CPE continuing education credits available
Click here to register
CE Luncheon Series: Estate Planning for the 99%
Tuesday, August 22, 2017, 12:00 - 1:30 PM
PFG Community Room, 1227 Corporate Center Dr., Oconomowoc
Presented by Cannon Financial | CFP, CTFA, CISP, CRSP, CLE, CPE continuing education credits available
Click here to register
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262-522-7400 | 855-591-2950
PrairieFinancialGroup@waukeshabank.com
www.PrairieWealth.com |
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