Protections for our Clients

The end of each year always seems to creep up on us, but this year it can’t come soon enough! 2020 has been a year of change and challenge; a year of new experiences and lessons learned. We are working, studying and worshiping remotely. We have participated in virtual book
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What is Probate?

According to Black’s Law Dictionary, probate is a court procedure by which a will is proved to be valid or invalid.  That sounds simple enough, however, a probate in Wisconsin is required if a person dies with more than $50,000.00 of assets solely in his or her name, without beneficiary
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What is the Secure Act?

Two years ago, the SECURE ACT was signed into law and substantially changed the rules regarding your retirement accounts. This has changed how people handle their retirement finances. One important change is the age year from which you must take your first required minimum distribution (RMD) from 70.5 to 72.
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Income Changes?

Have you lost your job or experienced reduced work hours? If you pay child support, have you notified the local child support agency and the payee of your income change? In most cases, you are required to do so. However, notification does not change your obligation. If you are not
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Take it Seriously

Too many times people contact my office for a quick real estate sale or purchase. Their idea is to simply exchange property with a friend, neighbor, or relative in a quick manner and avoid as many closing costs as possible. Although the idea and intent is good, too many times
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Thinking About Divorce?

When considering filing for divorce, you should be aware of the options for representation.  A traditional divorce involves an attorney representing each party. The attorneys negotiate and hammer out a potential settlement.  In some cases, only one party has an attorney and the other party is “pro se”. Other people
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Should I Choose a Will or a Trust?

Revocable trusts can help families create proper estate planning for future generations. However, revocable trusts are not for everyone. The negative factors must be weighed against the benefits. One of the negative factors of a trust is the price up front. It is typically three times as expensive as a
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Non-Probate Transfer of Real Property

A few years ago, the State of Wisconsin made it much easier for residents to transfer real property upon their death to their designated beneficiaries. Under Wisconsin Act 332, residents can now transfer their real estate to any beneficiary on any document, as long as its recorded with the County
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Creative Financing

If a buyer does not have sufficient credit to purchase real estate, an alternative method of doing so is a Land Contract. Such a contract is a very flexible agreement between the buyer and seller to allow a buyer to have purchasing rights to the property. The deed does not
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Wispact Special Needs Trust

Often I have clients asking me what they should do if they would like to leave an inheritance for a relative who is on public benefits such as SSI or Medicaid. What do I recommend? The Wispact Special Needs Trust. The Wispact Special Needs Trust is a community pooled Trust
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Lawyer? Yes!

Many times people ask me whether they need a lawyer to assist them with their legal issues. I typically respond – only partly in jest – that if you ask a lawyer if you need a lawyer, the answer will be yes. But seriously, the law is complicated. Any issue
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Title XIX and Asset Preservation for Singles

I discussed the options a couple has if one of the spouses unfortunately needs assisted living or long-term care and wanted to apply for Title XIX benefits. This week I will discuss the options for a single person if the same situations occurs. For a single person, the following assets
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