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Madison Wisconsin Estate Planning Blog

Wednesday, April 22, 2015

Happy Administrative Professionals Day

Administrative Professionals Day and Administrative Professionals Week are widely observed in many workplaces in the United States and other countries around the world. The first National Secretaries Week was organized in 1952.

The National Secretaries Association was formed to recognize the contributions of secretaries and other administrative personnel to the economy, to support their personal development and to help attract people to administrative careers in the field. The association's name was changed to Professional Secretaries International in 1981 and, finally, the International Association of Administrative Professionals (IAAP) in 1998.

There is no doubt that our office would not function smoothly without the hard work of our administrative and support staff.  Thank you!

 


Wednesday, April 8, 2015

The Role of The Successor Trustee

When creating a trust, it is common practice that the person doing the estate planning will name themselves as trustee and will appoint a successor trustee to handle matters once they pass on.  If you have been named successor trustee for a person that has died, it is important that you hire an attorney to assist you in carrying out your duties. Although the attorney that originally created the estate plan would most likely be more familiar with the situation, you are not legally required to hire that same attorney. You can hire any attorney that you please in order to determine what your obligations are.

Read more . . .


Saturday, April 4, 2015

Happy Easter

This celebration of Jesus Christ's resurrection from the dead is Christianity's most important holiday. It has been called a movable feast because it doesn't fall on a set date every year.  Christian churches in the West celebrate Easter on the first Sunday following the full moon after the vernal equinox on March 21. Therefore, Easter is observed anywhere between March 22 and April 25 every year.

In addition to its religious significance, Easter also has a commercial side, as evidenced by the mounds of jelly beans and marshmallow chicks that appear in stores each spring. As with Christmas, over the centuries various folk customs and pagan traditions, including Easter eggs, bunnies, baskets and candy, have become a standard part of this holy holiday.

Did you Know?  Over 90 million chocolate Easter bunnies are made each year.

 http://www.history.com/topics/holidays/history-of-easter


Wishing you a safe and happy Easter weekend from all of us at Wilson Law Group!


Tuesday, March 24, 2015

3 Asset Protection Tips You Can Use Now

A common misconception is that only wealthy families and people in high risk professions need to put together an asset protection plan.  But in reality, anyone can be sued.  A car accident, foreclosure, unpaid medical bills, or an injured tenant can result in a monetary judgment that will decimate your finances.  Below are three tips that you can use right now to protect your assets from creditors, predators and lawsuits.

Read more . . .


Tuesday, March 17, 2015

Happy St. Patrick's Day!

 What began as a religious feast day for the patron saint of Ireland has become an international festival celebrating Irish culture with parades, dancing, special foods and a whole lot of green.

Did you know? 

We should be wearing blue!  Saint Patrick himself would have to deal with pinching on his feast day. His color was “Saint Patrick’s blue,” a light shade. The color green only became associated with the big day after it was linked to the Irish independence movement in the late 18th century.

 

Wishing you all the luck of the Irish.  Happy St. Patrick's Day!

Wilson Law Group, LLC


Friday, March 13, 2015

How to Leave Assets to Adult Children

When considering how to leave assets to adult children, the first step is to decide how much each one should receive. Most parents want to treat their children fairly, but this doesn't necessarily mean they should receive equal shares of the estate. For example, it may be desirable to give more to a child who is a teacher than to one who has a successful business, or to compensate a child who has been a primary caregiver.


Read more . . .


Saturday, March 7, 2015

Daylight Savings Time

Spring is almost here!

 

Don't forget to "Spring Forward" tonight for daylight savings time and set your clocks ahead one hour.  

 


Wednesday, February 25, 2015

Protecting Against Financial Fraud in Charitable Giving

Americans are very generous when it comes to charitable giving. In addition, lower earners give more proportionately than higher earners. Perhaps this is because lower earners understand how easily a family can slip into financial crisis through the loss of a job or medical expenses. The thought of "that could be me" makes people very sympathetic to helping others in need, and many cheerfully give their hard-earned money to try to help people. People of faith tend to be generous and faithful givers, and Americans, in general, are quick to help whenever tragedy or devastation strikes anywhere in the world.
Unfortunately, we have to be very careful about how we make charitable contributions in order to protect our hearts and our dollars from financial fraud.


Read more . . .


Monday, February 16, 2015

Happy Presidents Day!

Fun Fact:  Traditionally celebrated on February 22—Washington’s actual day of birth—the holiday became popularly known as Presidents’ Day after it was moved as part of 1971’s Uniform Monday Holiday Act, in an attempt to create more three-day weekends for the nation’s workers.

While several states still have individual holidays honoring the birthdays of Washington, Abraham Lincoln and other figures, Presidents’ Day is now popularly viewed as a day to celebrate all U.S. presidents past and present.

 


Friday, February 13, 2015

Happy Valentine's Day!

Did You Know?

The day of romance we call Valentine’s Day is named for a Christian martyr and dates back to the 5th century, but has origins in the Roman holiday Lupercalia.

141 million Valentine’s Day cards are exchanged annually, making Valentine’s Day the second-most popular greeting-card-giving occasion.  And in addition to the U.S., Valentine's Day is celebrated in Canada, Mexico, the United Kingdom, France, Australia, Denmark, Italy and Japan.

From all of us at Wilson Law Group, we wish you and your family a day full of love.

Happy Valentine's Day!


Wednesday, February 4, 2015

Should I Write My Own Will?

I’m sure you have heard this less than eloquent phrase before – “Garbage in, garbage out.” The phrase is typically used in computer programming and scientific research.  Unfortunately, it also applies to the law, legal documents, and writing your own Will.

What’s Wrong With Writing Your Own Estate Plan?

Legally, you have the right to draft your own documents; however, that does not mean they will actually work.  Do-it-yourselfers accidentally disinherit children, fail to protect assets from lawsuits, trigger probate, invite court interference, give assets outright to problem beneficiaries, and incur huge fees to straighten out what can be a big mess.

Creating an effective set of estate planning documents involves many moving parts and deep analysis.  An estate planning attorney will consider your family situation and financial status coupled with where you live and where you own real estate.  Your goals and concerns are also carefully considered.

With a myriad of variables at play, how can a book of generic forms, computer program, or website possibly address all of these issues correctly?  It simply can’t. 

Even attorneys who don’t focus on estate planning are hesitant to write their own estate plans.  Instead, they turn to their colleagues who understand probate and trust laws and are specialists in putting together estate plans that work.

Use Books and Software to Learn About Estate Planning, Not for Estate Planning

Estate planning books and software should only be used as tools to learn about the estate planning process. They should not be used a substitute for the hands-on, legal counseling from an experienced estate planning attorney.

While there are many tasks you can complete on your own, designing, drafting, and implementing an estate plan is not one of them.

What’s the Biggest Problem With Do-It-Yourself Estate Planning?

The biggest problem with do-it-yourself estate planning is that it often creates a huge burden for loved ones.  It’s your loved ones who will find out you tried to save a few bucks and, as a result, caused a huge stressful mess that will cost thousands of dollars to fix. 


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With Offices in Madison, WI and Evansville, WI, the attorneys at the Wilson Law Group assist clients with Estate & Business Planning, Probate & Trust Administration, Elder Law and Medicaid Planning throughout Southern Wisconsin including Verona, Middleton, Sun Prairie, Cross Plains, Oregon, Black Earth, Janesville, Jefferson, Fort Atkinson, Baraboo, Reedsburg, Richland Center, Mount Horeb, Monroe, Beaver Dam, Dane County, Rock County, Green County, Iowa County, Richland County, Sauk County, Columbia County, Dodge County and Jefferson County.

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| Phone: 608-833-4001
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