When an individual passes away in Wisconsin, their estate might go into probate. If you're one of their heirs or an individual named in their will, you're probably wondering how long probate will take. Unfortunately, there's no way to give an exact answer. There are...
Estate planning
Estate planning enables massive wealth transfer
Wisconsin has many families with significant assets that will get transferred from one generation to the next. The potential asset transfers in the United States are anticipated to reach up to $68 trillion over the next 25 years and set a national record for total...
Common myths about estate planning
Estate planning can be a large undertaking, particularly for older people who have accumulated a lot of assets. As a result, many people in Wisconsin tell themselves myths and falsehoods about estate planning so they can keep putting it off. But neglecting to plan...
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...
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...
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,...
What causes estate distribution confusion?
One of your main goals with estate planning is simply to leave clear instructions for your heirs so that there is no confusion on their end about what you wanted or what should be done with your assets. Confusion, after all, often leads to disputes. If your heirs have...
Why do young parents need an estate plan?
Some people think of estate planning as a task that only older Americans need to complete, but young parents also need to get this done. The estate plan can outline what is going to happen with your children if you and their other parent both pass away. While this...