From the Attorney’s Desk by Jason Krautkramer, J.D. Eckert & Krautkramer, LLC 630 N 4th St., Wausau, WI 54403 eklawwi.com 715-842-0907 jason@eckerdawllc.com mailto:jason@eckerdawllc.com Alternatives to Disinheritance Leaving an inheritance does not have to be all or nothing. You can leave a small token gift, such as a hundred dollars or a family heirloom, to show that you thought of them and didn’t accidentally omit them. A no-contest clause provides that anyone who challenges your plan loses their inheritance. Combining it widi a modest gift discourages lawsuits since die beneficiary stands to lose something if they challenge it. Trusts can help protect a financially irresponsible beneficiary from wild spending, shield the inheritance from creditors, and incentivize certain behaviors. Beneficiary designations on retirement accounts, life insurance, and bank accounts pass direcdy to your named beneficiaries. These assets will only be known to die beneficiary, which could help prevent a contest. Review your plan regularly in case you have a change of heart. Call to schedule an appointment. From the Attorney’s Desk by Jason Krautkramer, J.D. Eckert & Krautkramer, LLC 630 N 4th St., Wausau, WI 54403 eklawwi.com 715-842-0907 jason@eckerdawllc.com mailto:jason@eckerdawllc.com Alternatives to Disinheritance Leaving an inheritance does not have to be all or nothing. You can leave a small token gift, such as a hundred dollars or a family heirloom, to show that you thought of them and didn’t accidentally omit them. A no-contest clause provides that anyone who challenges your plan loses their inheritance. Combining it widi a modest gift discourages lawsuits since die beneficiary stands to lose something if they challenge it. Trusts can help protect a financially irresponsible beneficiary from wild spending, shield the inheritance from creditors, and incentivize certain behaviors. Beneficiary designations on retirement accounts, life insurance, and bank accounts pass direcdy to your named beneficiaries. These assets will only be known to die beneficiary, which could help prevent a contest. Review your plan regularly in case you have a change of heart. Call to schedule an appointment.
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