Frequently Asked Questions
Estate planning and elder law often involve important decisions that can affect your family, finances, healthcare, and legacy. Whether you’re creating a will, considering a trust, navigating probate, planning for long-term care, or helping an aging parent, it’s normal to have questions.
At Krause Estate Planning & Elder Law Center, we regularly help Wisconsin families understand their legal options and make informed decisions about the future. To make that process easier, we’ve created this collection of frequently asked questions covering the topics we discuss most often with clients.
Explore the sections below to find answers about estate planning, probate, Medicaid planning, powers of attorney, elder law, and special needs planning.
Creating an estate plan is about more than deciding who receives your assets. A comprehensive estate plan can help protect your loved ones, prepare for incapacity, reduce future complications, and ensure your wishes are carried out according to your instructions.
✔ Wills and trusts
✔ Powers of attorney
✔ Healthcare directives
✔ Probate avoidance strategies
✔ Estate planning costs
✔ Updating an existing estate plan
→ Read the Complete Estate Planning Attorney FAQ Guide
Probate is the legal process used to administer a person’s estate after death. While probate is a common part of estate administration, many families are unsure when probate is required, how long it takes, and what responsibilities are involved.
✔ Probate timelines
✔ Probate costs
✔ Executor responsibilities
✔ Estate administration
✔ Small estate procedures
✔ Probate avoidance options
→ Read the Complete Probate FAQ Guide
Long-term care expenses can quickly impact retirement savings and family assets. Medicaid planning helps individuals and families understand eligibility requirements, protect assets when possible, and prepare for future care needs.
✔ Medicaid eligibility
✔ Asset protection strategies
✔ Nursing home planning
✔ Long-term care planning
✔ Spousal protections
✔ Estate recovery concerns
→ Read the Complete Medicaid Planning FAQ Guide
Many Wisconsin families wonder whether they need a will, a trust, or both. Understanding the differences between these planning tools can help you create an estate plan that reflects your goals and family circumstances.
✔ Revocable living trusts
✔ Testamentary trusts
✔ Probate avoidance
✔ Trust administration
✔ Estate planning costs
✔ Trust taxation considerations
→ Read the Complete Wills & Trusts FAQ Guide
Powers of attorney allow trusted individuals to make decisions on your behalf if you become unable to act independently. These documents are among the most important parts of a comprehensive estate plan.
✔ Financial powers of attorney
✔ Healthcare powers of attorney
✔ Agent responsibilities
✔ Incapacity planning
✔ Wisconsin legal requirements
✔ Revocation procedures
→ Read the Complete Power of Attorney FAQ Guide
Elder law focuses on legal issues affecting older adults and their families. These matters often include long-term care planning, Medicaid eligibility, incapacity planning, guardianship concerns, and protecting financial resources during retirement.
✔ Long-term care planning
✔ Medicaid planning
✔ Guardianship
✔ Veterans benefits
✔ Asset protection
✔ Aging parent legal planning
→ Read the Complete Elder Law FAQ Guide
Special needs planning helps families provide long-term financial support for loved ones with disabilities while protecting eligibility for important government benefits.
✔ Third-party special needs trusts
✔ Disability planning
✔ Trustee responsibilities
✔ Benefit preservation strategies
✔ Trust funding options
✔ Long-term trust administration
→ Read the Complete Special Needs Trust FAQ Guide
Every family’s situation is different. While these FAQ guides answer many common questions, personalized legal advice often requires a deeper understanding of your goals, assets, family dynamics, and future planning needs.
Whether you’re creating an estate plan, administering a loved one’s estate, planning for long-term care, or exploring options for a family member with special needs, the attorneys at Krause Estate Planning & Elder Law Center can help.
Our team helps individuals and families throughout Wisconsin with estate planning, elder law, probate administration, Medicaid planning, powers of attorney, trusts, and special needs planning.
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