AREAS OF PRACTICE

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ESTATE PLANNING & ELDER LAW

Estate planning is the term used to describe the planning an individual does during his or her life to protect his or her assets in the event of an unforeseen illness or disability and death. Your estate plan will consist of a will or trust, healthcare power of attorney, living will, HIPAA authorization, and financial power of attorney. Additional documents may be necessary depending on your circumstances.
WillThe primary purpose of a Will is to transfer assets to those desired beneficiaries after your death. The Will allows you to nominate guardians for minor children and establish trusts to hold assets for beneficiaries until a triggering event (primarily an age that you are comfortable with that beneficiary receiving assets outright).
TrustYou can create a living trust to control your property while you are alive. Upon your death, a trust operates the same as a Will, but is a probate avoidance vehicle. There a variety of different trusts. Some trusts are utilized for loved ones with special needs to supplement his or her support. Others are utilized for Medicaid planning purposes.
Healthcare Power of Attorney: A healthcare power of attorney authorizes another person to make healthcare decisions for you when you are unable to make them. Not even your spouse or domestic partner can make healthcare decisions for you without a properly signed and executed health care power of attorney.
Living Will: A Living Will is a Wisconsin form consisting of three yes or no questions pertaining to feeding tubes and life sustaining procedures either being withheld or administered at end of life. Completing this document tells loved ones what your desires are and assists them with making difficult decisions.
HIPAA Authorization: A HIPAA Authorization simply ensures that your agents have access to your HIPAA protected health information. Not only does this assist your agent with making healthcare decisions, it also allows for your financial agent to ensure he or she can accurately monitor the financials behind your healthcare.
Financial Power of Attorney: A Financial Power of Attorney is a document  wherein you give another person the authority to act on your behalf to manage your financial affairs. The authority may be general, giving the agent broad power to make decisions. Alternatively, the authority may be limited, giving the agent the power to do only one or more specific acts. Most financial powers of attorney are durable, which means the authority continues even if you become incapacitated and unable to act for yourself. You can make the power of attorney effective immediately or at some later date or event, such as when you are unable to manage your own affairs. Under most circumstances, a properly executed financial power of attorney avoids the need for a court-appointed guardian or conservator.
Elder Law: falls under the realm of estate planning as it pertains to planning issues affecting the elderly population. The primary focus of Elder Law is to protect the client and his or her assets to ensure the best quality of life as the client ages.

Verich Law can help you determine what type of estate plan best suits your needs and the needs of your loved ones.

PROBATE

Probate is the court-supervised process for transferring ownership of an individual’s assets after he or she passes. The process confirms the individual's Will and distributes property as the Will directs. If the individual passed with no Will or other legal arrangement for transferring assets upon death, the probate process will still transfer the individual assets in accordance with Wisconsin law. The goal of probate is to protect the rights of heirs, beneficiaries, creditors and/or others who have an interest in an individual’s estate. 

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Verich Law can help you navigate the probate process from start to finish, including assisting with all required tax preparation and reporting.

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REAL ESTATE

The process of buying and selling a home consists of multiple steps that can take weeks, even months, to complete. Many individuals choose to navigate the home buying and selling process without a licensed real estate professional. Whether you are buying or selling, Verich Law can assist you with the process.  By law, only an attorney can provide you legal advice – not a real estate agent, loan officer, nor closing agent. 

Whether you are a buyer or seller, you need your own legal advisor who will look out for your best interests and Verich Law is here to help you buy or sell a home.

BUSINESS INFORMATION

Choosing the appropriate form of legal organization for your business is one of the first steps in starting your business. You have to know what models are available and which features and options are best suited for you. There are four basic types of business organizations: sole proprietorships, partnerships, limited liability companies, and corporations. Liability protection and desired tax treatment typically are the key distinctions between these business types. Some business organizations offer liability protection for the owners, and others do not. Some business organizations are taxed as a separate entity, while others act as conduits with all income and expenses flowing through to the owners. Verich Law can help you determine which type of business organization is best for your business.

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Verich Law can assist you with your business formation from start to finish, including drafting important agreements that will help you manage your business.

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TAX PREPARATION

Verich Law can assist you with your annual tax preparation, whether it is for your individual Form 1040 or a fiduciary Form 1041.

Verich Law, LLC is here to serve you.

Verich Law, LLC is located in downtown Winneconne, Wisconsin serving Winnebago and surrounding counties.
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Office Address: 140 W Main Street, Winneconne, WI 54986

Mailing Address: P.O. Box 459, Winneconne, WI 54986

Phone: (920) 810-7480

Email:  jverich@verichlaw.com

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Office Address: 140 W Main Street, Winneconne, WI 54986

Mailing Address: P.O. Box 459, Winneconne, WI 54986

Phone: (920) 810-7480

Email:  jverich@verichlaw.com

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