Do you really need a trust?
Although many people equate “estate planning” with having a will, there are many advantages to having a trust rather than a will as the centerpiece of your estate plan. While ...
What are Letters of Testamentary?
An individual who has been named as a personal representative or executor in a will has a number of important duties. These include gathering the deceased person's property and transferring it to the beneficiaries through a court-supervised process known as probate. In order to initiate this proceeding, the executor must first obtain what are referred to as Letters of Testamentary. In Wisconsin, they are called Domiciliary Letters. This document gives the executor the legal authority to administer the deceased person's estate.
What is Settlement Planning?
Settlement planning is a unique and expanding area of law that is designed to help individuals preserve benefits that have been received from a personal injury settlement, inheritance or judgment. ...
Estate Planning for Unmarried Couples
Estate planning is important for everyone. We simply don’t know when something tragic could happen such as sudden death or an accident that could leave us incapacitated. With proper planning, ...
Q & A with Attorney John Haslam: Special Needs Planning
What is special needs planning? People planning for beneficiaries with a special needs must address the following concerns: How will financial benefits be used for their benefit? Who will control ...
3 Reasons Why Every Young Family Needs an Estate Plan
On February 12, 2017,a husband and wife, both in their 30s, were driving down Highway 30 on the east side of Madison. Suddenly, a driver going the opposite direction lost control ...
Top 5 Ways to Protect Your Children With a Trust
Wilson Law Group is glad to present a series of blog posts on Family Planning by Attorney Matthew Underwood Why Your Responsible Children Need Their Inheritance in a Trust Many ...
How to Calculate Your Estate Tax
In order to predict how much your estate will have to pay in taxes, one must first determine the value of the estate. To determine this, many assets might have ...
The Only Constant in Life is Change
When Circumstances Change, So Should Your Estate Plan Your estate plan was written to reflect your situation at a specific point in time – and – as we all know ...
7 Trust-Based Asset Protection Strategies for You and Your Family
You don’t have to make your family’s assets easy for creditors to reach. Protecting your hard-earned assets for the benefit of yourself and your family can be accomplished through careful ...