Madison Wisconsin Estate Planning Blog

Tuesday, August 1, 2017

Gun Trusts: What You Need to Know

Recent tragic events underscore the importance of maintaining a dialogue about the responsible, accountable, and safe possession and transfer of firearms in our country. This is why it’s critically important for every law-abiding gun owner to stay abreast of all the complex and evolving gun laws.

For example, did you know that possession and transfer of any type of firearm to a “prohibited person” could result in a felony?  And, that in some circumstances, loaning, gifting, or sharing a particular type of firearm with someone is a crime, resulting in large fines or even conviction?

Not knowing the law could cause you to commit an “accidental felony.”  Ignorance of gun law is not only dangerous for gun owners; it is rarely the best defense.  If you own firearms, allowing others access to them involves another category of risk.

Read more . . .

Friday, July 21, 2017

A Moment with Wisconsin's Legacy Keeper: Jerry Apps

Building relationships with the families we serve; we hear so many stories of dedication to labors of love. We witness first-hand the hard work and diligence so many put into building their Legacy.  Wilson Law Group is proud to be able to share some of those stories.
Welcome to Spotlight On!



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Friday, July 7, 2017

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 and manage financial assets?

  • How can an estate plan be arranged so that the beneficiary with special needs can benefit from inherited assets for the rest of their life?

  • If the beneficiary is receiving government benefits, how can money be left to them without jeopardizing those benefits?

  • Money may very easily be exhausted in an ill-advised and rapid fashion.

  • Will there be circumstances when the beneficiary can assume control over inherited assets?

Read more . . .

Wednesday, March 29, 2017

3 Reasons Why Every Young Family Needs an Estate Plan

No one expects to die early in life, but unfortunately accidents and other unforeseen circumstances are not uncommon. It’s critical to have a plan in place that will take care of you and your loved ones if you pass away or become disabled.

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Thursday, October 13, 2016

Top 5 Ways to Protect Your Children With a Trust

Many parents believe that their “responsible” children do not need the protection of a trust. After all, if your child is good with money, why do they need their inheritance placed in a trust?

A trust can provide five main protections that won’t be present if you give assets to your children outright: (1) creditor protection, (2) predator protection, (3) divorce protection, (4) self-protection, and (5) estate tax protection. We will address each of these protections in turn.

Read more . . .

Friday, July 29, 2016

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 to be appraised at fair market value. The estate includes all assets including real estate, cash, securities, stocks, bonds, business interests, loans receivable, furnishings, jewelry, and other valuables.

Once your net worth is established, you can subtract liabilities like mortgages, credit cards, other legitimate debts, funeral expenses, medical bills, and the administrative cost to settle your estate including attorney, accounting and appraisal fees, storage and shipping fees, insurances, and court fees. The administrative expenses will likely total roughly 5% of the total estate.

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Wednesday, July 6, 2016

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 – our lives continually change, unfolding in ways we might not have anticipated. Just like you meet with your doctor, financial advisor, or CPA on a regular basis, you need to meet with us on a regular basis as well.

In this issue, we:

  • Identify and provide examples of life changes which typically trigger a need to update your plan  
  • Examine how often you should “check in” with our office

The goal?  To make sure that your estate plan achieves your goals and works for your family.


Update Your Estate Plan if Any of These 6 Circumstances Apply to You

  1. Marriage, divorce, or death of a spouse
  2. Changes in financial status – good or bad
  3. The launch or wind down of a business
  4. Birth, adoption, or death of a child or grandchild
  5. Change in personal or family circumstances – including the need to replace trustees, address disabilities or addictions, moving to a new state, and more
  6. Change in your goals – such as changing amounts of inheritances, adding or removing a charity, and more

It’s not just changes in your life you need to think about - Congress, the courts, and the legislatures are constantly changing the rulebook. If you haven’t had your will, trust, or estate plan reviewed since 2012 or if any of these 6 circumstances apply to you, it is essential to contact us, so we can get you back on track.

Read more . . .

Friday, June 17, 2016

WLG Celebrates with Open House and Remodel Reveal

We had a great time meeting and mixing with those who attended our Advisor's Open House. Thank you to everyone who stopped in to say hello and take the tour.

Special congratulations to the following door prize winners; Lisa Schluesche of Johnson Bank,

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Thursday, April 21, 2016

Gun Trusts: Wisconsin Estate Planning with Firearms



According to a 2012 poll, nearly one half of all Americans keep a firearm in their home. Many of them may be weapons subject to registration under the National Firearms Act (NFA). These weapons, which include machine guns, suppressors (silencers), short-barreled (sawed off) shotguns and destructive devices (howitzers, mortars, grenade launchers, etc.) are referred to as Type II weapons as they fall under that Article of the NFA.

The NFA, enacted in 1934, restricts the possession and transfer of Type II weapons and violation of the terms of the NFA can lead to fines of up to $250,000 and up to ten years imprisonment.

Read more . . .

Wednesday, November 11, 2015

Veterans' Day

THANK YOU to all of our veterans!


On the 11th hour of the 11th day of the 11th month of 1918, an armistice, or temporary cessation of hostilities, was declared between the Allied nations and Germany in the First World War, then known as “the Great War.” Commemorated as Armistice Day beginning the following year, November 11th became a legal federal holiday in the United States in 1938. In the aftermath of World War II and the Korean War, Armistice Day became Veterans Day, a holiday dedicated to American veterans of all wars.

Tuesday, November 3, 2015

Choosing a Guardian for Minor Children

If you are a parent and you are considering estate planning, one of the most difficult decisions you will have to make is choosing a guardian for your minor children.  It is not easy to think of anyone else, no matter how loving, raising your child. Yet, you can make a tremendous difference in your child’s life by planning ahead. 

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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| Phone: 608-833-4001
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