Blended Families

In last week’s column, Attorney Pruitt discussed the possible financial disasters that can result from lack of planning with a second marriage. But financial issues aren’t the only types of problems that can arise when your situation involves a stepparent or blended family. When a new person is added to
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Potential Second Marriage Disaster

You need to clean up your documents after your second marriage begins. This could include removing the prior spouse from beneficiary lines on homes, bank accounts, and life insurance. If your home is in your name only and you are re-married with children from a prior marriage, then potential disaster
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Changes to your Retirement Accounts?

Before the end of last year, a new law, called the SECURE ACT, was enacted by Congress and signed into law by President Trump that substantially changed the rules regarding your retirement accounts. First, the Act changed the age year from which you must take your first required minimum distribution
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What are my Divorce Options?

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”.  One attorney
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Happy New Year!!

If you are one of the estimated 60% of Americans that lack the proper estate planning, you should schedule a meeting with your lawyer in the new year. All competent adults over the age of eighteen should at least have power of attorney documents, and give serious consideration to having
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The Holiday Season: Bliss or Stress?

The holiday season should be a time of joy and happiness.  Whether you celebrate Christmas, Hanukkah, Kwanzaa, Festivus or the Winter Solstice, we wish you all the best of the holiday season.  But let’s face it, our regular day-to-day cares and worries do not disappear for two weeks at the
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Before You Travel…

Many of my clients travel as a source of enjoyment. Before venturing too far from home, however, it is important to have all of your documents completed and updated. Of utmost importance to travelers is the Health Care Power of Attorney and the General and Durable Power of Attorney. If
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The Non-Probate Transfer of Assets

A few weeks ago, I wrote about the non-probate transfer of real property, and how important of a tool the Transfer on Death Deed has become for estate planners such as myself for clients who would like to avoid probate. What about avoiding probate for assets that are not the
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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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