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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Attention Graduates!

The excitement of graduating from high school cannot be overstated. It is an exhilarating time for students and parents alike. The thought of going off to a distant city and a new college, or going out into the work force, is filled with nervous excitement for the young adult. As
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A Trust with Restrictions

When the person creating a trust has concerns about the spending habits of a beneficiary of that trust, a “spendthrift trust” may be created that provides an independent trustee with authority to make decisions about how the trust’s funds may be spent. The terms of the trust, which can be
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The Real Deal

When it comes to making the largest purchase in their lives, home buyers should leave nothing to chance. It is important that an attorney who has real estate experience review a real estate contract and provide advice that could help avoid errors, omissions, misinterpretations, or even misrepresentations that could jeopardize
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Is Bankruptcy Right for You?

If you are paying off existing debt with more than 40 percent of your income, then bankruptcy might be right for you. This “debt-to-income ratio,” which is a marker of potential financial distress, can indicate that your debts are too high to pay off on your own. Furthermore, if you
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The Many Paths to Adoption

The pathways to adoption are varied. The adoptive child may be a relative, a foster child, or a stranger; he or she may have been born around the corner or on the other side of the world. The adoptive parent(s) may already know the adoptive child or may be meeting
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Buckle Up

BUCKLE UP Typically, in the State of Wisconsin, when someone dies with more than $50,000 worth of assets that have no beneficiary designation on the assets, the person’s estate is headed for probate. Some people create trusts and have assets transferred into the name of the trust to avoid probate.
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To Your Wealth and Health

Increasingly, aging adults with blended families in charge of their care are finding themselves in the midst of family battles over decision-making authority. While a second wife or husband may be designated as health care power of attorney, adult children from the first marriage may pursue a legal challenge to
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Starting Your Own Business

Those starting new businesses should know that the simplest form of business is a “sole proprietorship,” which is not a legal entity and simply refers to a person who owns a business. While this popular business form is easy and inexpensive to set up, the owner of a sole proprietorship
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