A Time for Thanks and Diligence

Thanksgiving began as a time to give thanks for an abundant harvest. It has evolved into a family celebration, a time to give thanks for the good people and good things in our lives. Who are you thankful for? Your high school honor student who is preparing for college? Your
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the Non Probate Transfer of Real Property

Last year, the State of Wisconsin made it much easier for residents to transfer 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 where the residence
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Slow Down and Save Lives

We’ve all heard about the terrible accidents that have occurred so frequently recently on I-94 in Racine County.  Some of us have even been stuck in the inevitable hours-long backups that have resulted.  Since the most easily identified cause of these accidents is excessive speed, the Racine County Sheriff’s Department
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No Probate?

Clients often come into my office wondering how to transfer assets from a loved one who has passed away.  They ask if there is an easier process to transfer assets after death instead of probate.  When the total amount of the assets is under $50,000, then a shortened process is
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Have a Safe and Happy Halloween

Halloween- a time of tricks and treats and fun and games.  But Halloween can also be a prime time for trouble.  Parents, when reminding your children not to eat unchecked candy and to be extra careful when crossing the street, also tell them not to participate in “tricks” that might
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The Durable Financial Power of Attorney

Whenever I meet with new prospective estate planning clients, they often are concerned most with how their assets will be distributed after their death. Do I need a Last Will and Testament or do I need a Trust seems to be the questions I hear most. Unfortunately, the clients often
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Why Bankruptcy?

What are the reasons I see why people need to file bankruptcy?  Many of us live paycheck to paycheck and when disaster strikes sometimes bankruptcy is not far away.  The types of situations I typically see from bankruptcy filers are when they have lost their job, have experienced a physical
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The Medicaid Asset Protection Trust

A few weeks back I discussed the importance of Wispact Special Needs Trust for clients who are on SSI or Medicaid benefits.  Another important tool for clients who are looking to protect as many assets as possible while qualifying for Medicaid benefits is the Medicaid Asset Protection Trust.  What is
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Trouble at School?

Public schools in Wisconsin must follow certain rules in order to suspend or expel a student.  Generally, students may be suspended for up to five school days. Suspensions can be for up to 15 days if expulsion is being requested. If your child is facing expulsion, it is very important
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When is Guardianship Needed?

Several different occurrences can trigger the need for guardianships.  When minors receive personal injury settlements or beneficiary distributions from a will, guardianship can be set up to administer the funds for the child.  When developmentally disabled minors become adults, orders are put in place for direction on daily living decisions,
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Have You Planned Ahead?

So you own a small business. It is running well and you are successful. You work hard, put in many hours, and it helps provide income for your family. There is more to it than that. You need to take the next step and consider succession planning. What happens to
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Why Do My Documents Need Updating?

A common question is “Why do my documents need updating so often?”  The changes in laws and society in general require updates.  Many banks will not honor the General and Durable Power of Attorneys unless certain specific language is contained in the document.  These changes are constantly being updated by
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