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Madison Wisconsin Estate Planning Blog

Friday, May 9, 2014

A Shared Home but Not a Joint Deed

Many people erroneously assume that when one spouse dies, the other spouse receives all of the remaining assets; this is often not true and frequently results in unintentional disinheritance of the surviving spouse.


Read more . . .


Wednesday, May 7, 2014

Upcoming Professional Advisors Lunch Program

The New Wisconsin Trust Code Effective July 1, 2014

Wednesday, May 14, 2014 11:30 A.M.-1:30 P.M.
UW Agricultural Research Station8502 Mineral Point Road, Verona, WI 53593

On December 12, 2013 Governor Walker signed into law the Wisconsin Trust Code (WTC).  This new legislation's effective date is July 1, 2014.  While the WTC is primarily a default statute, there are some significant changes from current Wisconsin law that we will discuss at our presentation.

Click here to register today!

 


Wednesday, April 30, 2014

Organize Information for Your Family

Think for a few moments about what would happen if you suddenly became incapacitated or died. Would your spouse or family know what to do? Would they know where to find important records, assets and insurance documents? Would they be able to access (or even know about) online accounts or files on your computer? Would they know whom to ask if they need help?  Putting the effort in now to establish a formal document inventory can alleviate unnecessary anxiety and turmoil in the future.


Read more . . .


Friday, April 25, 2014

WLG Client Newsletter-Spring 2014

In case you missed it, check out the latest WLG Client Newsletter!

If you would like to receive our newsletter by email, please contact Jen at jen.saari@wilsonlawgroup.com


Wednesday, April 23, 2014

Young Adults Need Estate Planning Too

Once a child turns 18, parents lose the legal ability to make decisions for their child or even to find out basic information. Learning you cannot see your college student’s grades without his/her permission can be mildly frustrating. But a medical emergency can take this frustration to a completely different level. The parents (or a sibling or another person) will probably have to go to court and ask for permission to obtain information about the student’s medical condition, be able to make decisions about treatment, and have access to the student’s financial records and accounts.


Read more . . .


Friday, April 18, 2014

Overview of the Ways to Hold Title to Property

You are purchasing a home, and the escrow officer asks, “How do you want to hold title to the property?” In the context of your overall home purchase, this may seem like a small, inconsequential detail; however nothing could be further from the truth. A property can be owned by the same people, yet the manner in which title is held can drastically affect each owner’s rights during their lifetime and upon their death.


Read more . . .


Wednesday, April 9, 2014

Overview of Life Estates

Establishing a Life Estate is a relatively simple process in which you transfer your property to your children, while retaining your right to use and live in the property. Life Estates are used to avoid probate, maximize tax benefits and protect the real property from potential long-term care expenses you may incur in your later years.


Read more . . .


Monday, April 7, 2014

Upcoming RWay Member Workshop

Funding Your Trust

Saturday, April 12, 2014 10:00 a.m.-12:00 p.m.
UW Agricultural Research Station-8502 Mineral Point Road, Verona, WI 53593

Who should attend: RWay Members

Funding is a critical function of maintaining your trust.  Even though your current assets are in your trust, it is your responsibility to make sure that all assets acquired in the future are also in your trust.  We are here to help you learn what to do and when to do it.  This workshop will help you understand how to properly maintain your trust.  This class is offered only once a year, so be sure to sign up if you haven't yet taken the class.

CLICK HERE TO REGISTER

Friday, April 4, 2014

Coordinating Property Ownership and Your Estate Plan

When planning your estate, you must consider how you hold title to your real and personal property. The title and your designated beneficiaries will control how your real estate, bank accounts, retirement accounts, vehicles and investments are distributed upon your death, regardless of whether there is a will or trust in place and potentially with a result that you never intended.


Read more . . .


Wednesday, March 26, 2014

Naming a Guardian for Your Minor Children

Parents with minor children need to name someone to raise them (a guardian) in the event both parents should die before the child becomes an adult. While the likelihood of that actually happening is slim, the consequences of not naming a guardian are great.


Read more . . .


Friday, March 21, 2014

Protecting Your Vacation Home with a Cabin Trust

Many people own a family vacation home--a lakeside cabin, a beachfront condo--a place where parents, children and grandchildren can gather for vacations, holidays and a bit of relaxation. It is important that the treasured family vacation home be considered as part of a thorough estate plan. In many cases, the owner wants to ensure that the vacation home remains within the family after his or her death, and not be sold as part of an estate liquidation.


Read more . . .


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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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