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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Title XIX And Asset Preservation (Part 2)

Last week I discussed the options a couple has if one of them 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
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Title XIX And Asset Preservation (Part 1)

What do you do when your spouse has an unfortunate set back and has to enter an assisted living facility or nursing home? The last thing you should do is panic or worry about the potential expenses that could occur from their stay. With Title XIX, the community spouse (the
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Does My Divorce Have To Be Ugly?

In a word, no. Your divorce will be as smooth or as difficult as the two parties wish it to be.  (However, it takes two to be cooperative, but only one to be difficult.) Some people choose to handle their divorces on their own (“pro se”) because they feel attorneys
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Congratulations! You’ve Had A Baby!

According to YaleGlobal Online, by 2014, 40% of child births in the U.S. involved unmarried parents. In Wisconsin, the rights of unmarried parents differ greatly from those of married parents. When a married woman gives birth to a child, her spouse is presumed by law to be the father (or
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What Should I Do If I Am Pulled Over?

Summer’s finally here. You’re cruising down the highway, top down, radio blaring, going – oops – 90 mph in a 70 mph zone. And then you see the flashing lights. First off, do not try to outrun the officer. You most likely will not get away and, even if you do, they’ll find you. And instead of a
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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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Personal Business

Don’t be that guy. Take care of your personal business. Every person over the age of 18 needs a Healthcare Power of Attorney and a General and Durable Power of Attorney. These are the basic legal necessities to avoid a court guardianship in the future if you become medically incapacitated.
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Have a Safe (and Lawful) 4th of July

The 4th of July is a time for taking pride in and celebrating our freedoms and liberties. Freedoms and liberties, however, do not exist without corresponding laws and restrictions. Such is the make-up of a civilized society. While many laws are the same state-wide (drunk driving and drinking age restrictions,
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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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The Truth About Revocable Trusts

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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NonDisclosure Agreements

In light of recent mention of “nondisclosure agreements” (NDAs) in the media, it may prove instructive to point out that these “confidentiality agreements,” as they are also known, are fairly common in business settings as a means of keeping trade secrets and other confidential information private. They are legally enforceable
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