The Lutheran High School Association of Greater Milwaukee Foundation allows us to provide a service of will and estate planning to our school families, alumni, and friends of LCL.

Wills and trusts (an estate plan) are a collection of documents that specify how you want your money and other assets distributed after your death, 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 a trust?
  • You decide who in your family will receive your assets. Otherwise, the court can give them to other family members whom you may not want to receive anything.
  • If you have children under the age of 18, it protects them from being placed in the wrong guardianship through the court decision. 
  • It stops beneficiaries from overpaying in taxes. With just a little planning, you can reduce much or even all of your federal and state or inheritance taxes with your estate.
  • It eliminates the stress of decisions on family members, which can cause rifts.
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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.