Monthly Archives December 2018

Bad Things Can Happen to Good People

Even though they might greatly benefit from a bankruptcy filing, many individuals don’t consider it, insisting they are “not the type of person” who files for bankruptcy. This self-assessment may raise the question in the minds of some as to whether there actually is a personality “type” associated with bankruptcy. I’m here to tell you that unfortunate events can take place through no fault of your own that may have a negative effect upon your financial life. Vehicle accidents, job loss or severe medical issues can trigger financial hardship. Bad things can happen to good people.  We can assess your individual
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Parental Power-of-Attorney

Are you caring for another person’s child? Would you like your child to stay – short term or long term – with a friend or relative? There are times in our lives when we need help from, or offer help to, others in regard to child care. Perhaps an illness, hospitalization, travel, or job responsibilities have forced you to leave your child or children in the care of another. Absent some sort of legal authorization, that other person has no ability to authorize medical care or deal with school authorities on behalf of your child. Most people believe a formal
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Family Gatherings

One of the best things about this time of year is the family gatherings that occur over the holiday season. Not only is it a great time to see family and friends again and experience the joys of the season, it is also a good time to have serious discussions with your family members. There is no better time to examine important estate planning decisions with loved ones. As family gathers one could converse with them as to who will make healthcare decisions and be in charge of financial issues should the need arise in the future. It is an
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So You Got A Speeding Ticket

You’ve received a traffic ticket. Now what?  If you were ticketed by a sheriff’s deputy or the state patrol, your ticket will be handled by the district attorney’s office in that county and will show up on CCAP (Wisconsin’s Circuit Court Access Program) online. If you were ticketed by a local police department (Racine, Mount Pleasant, or Burlington for example) your ticket will be handled by that municipality’s legal counsel in that municipal court. Municipal citations do not show up on CCAP. Regardless of the jurisdiction, your ticket will have a “return” date or court date. You are not required
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Ways and Means

In order to qualify for Chapter 7 bankruptcy, which discharges most of a debtor’s unsecured debt (personal loans, credit cards, etc.), the debtor must pass a “means test.” This examination of a debtor’s financial records begins with a determination of the debtor’s current monthly income by adding his or her gross income from the past six months together and dividing the sum by six. If this number is below the median monthly income of the state where the debtor resides, he or she qualifies. If not, another means test involves deducting reasonable and allowable expenses (food, housing, transportation, etc.) from
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Transfer Your Assets

Many people have taken it upon themselves to hire an attorney to draft a revocable trust for them. The hope is that by drafting such a trust one of the benefits is to avoid probate upon death. The typical scenario is that the attorney will draft an unfunded trust and may at some point transfer real estate into the name of the trust for the individual. However, it is common for most people to transfer the remainder of their assets into the name of the trust in order for it to work properly. People who do not transfer assets such
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