People often engage in transactions that result in money being owed to them, such as loaning money to a friend or business partner or renting a house to a tenant. But what happens if someone passes away before they receive the money owed to them? Can someone else...
Being cautious and relying on trust when planning your estate is the most effective approach to guarantee a better life for you and your loved ones. However, a thorough estate plan involves various components. Couples who own assets or property that have significantly...
Many people who are involved in handling an estate have heard about the probate process, but they might not be exactly clear as to what it entails. Probate is a very common part of the distribution of assets for people who have passed away in Wisconsin. It doesn't...
If one of your loved ones went through all of the effort of creating a trust, they likely did so because they had very specific intentions for their legacy. A trust allows people more control over the use of the assets they leave behind and can also have the added...
As trusts become a more common estate planning tool, someone may ask you to be the trustee or successor trustee for their estate. Before accepting, it’s important to understand the basic responsibilities that accompany that role. When someone agrees to become a...
Trusts have gained popularity and are now used as an estate planning tool to provide added privacy and control over assets. When a living trust is properly established and administered, it can help the grantor’s estate avoid the probate process upon death or...
