Wisconsin Estate Planning Legal Blog
Estate planning is more than just a document
Everyone in Wisconsin should have an estate plan in place. These days, there are plenty of ways to develop an estate plan; it's never been easier to find a will template online and fill it out. There are even low- and no-cost forms for people who want to designate...
Funding your trust with life insurance
There are many considerations that come to mind when planning your estate, not the least of which is how and what to leave behind for loved ones and minor children should you no longer be there. Many people decide to set up a trust as a means of having more control...
Protect family assets with probate and trust administration
Many Wisconsin families have significant assets that are valuable. When the head of a household passes on, those assets might wind up in probate court and subject to a judge’s whims and arguments by potential beneficiaries. Fortunately, you can prevent such a...
Do taxes affect inheritances in Wisconsin?
After your loved one passed away, you may have learned that you would inherit part of their estate. As you wait for your share to disburse, you will likely have concerns about whether you will pay taxes on it. Besides federal estate tax laws, some states impose their...
When is it time to update an estate plan?
Updating an estate plan can be as important as initially setting one up. There are several different times in the estate planner’s life that they should consider updating their estate plan, in addition to routinely updating an estate plan to ensure it comports with...
What is the Medicaid ‘look-back’ period?
People in southeast Wisconsin may plan on one day using government benefits such as Medicaid to pay for their care needs in their old age. However, to qualify for Medicaid and other government benefits, you generally need to have a low income and few assets. It may be...
What does an executor need to do to settle an estate?
Grieving for a loved one can be difficult, and it may seem best to handle their affairs as quickly as possible. Unfortunately, estates can be complex puzzles, and it could take plenty of work before you can declare the process finished. It takes an average of 16...
Options for when Social Security Disability claims are denied
Social Security disability benefits are important sources of financial support for many Americans. In Milwaukee, men, women, and children who live with disabling mental and physical disabilities receive Social Security disability benefits to help them stay financially...
Make certain that you arrange for your pets in an estate plan
Estate planning involves deciding whom you want to receive your assets when you die. It also involves naming people to take over certain responsibilities on your behalf. Most parents are keenly aware of the fact that they need to name a guardian for their children,...
Should you buy long-term care insurance?
Some people buy long-term care insurance as soon as they can, while others continue to put off the purchase. The approach you take depends on a variety of factors, including your budget and personal beliefs. Here are some things to think about if you’re on the fence...
