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Estate Planning

Friday, December 14, 2018

Six Events Which May Require a Change in Your Estate Plan

Creating an estate plan is not a one-time event. You should review your plan periodically, to ensure it is up to date, and make necessary changes if your personal situation changes. There are a number of life-changing events that require your plan to be revised, including:

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Friday, December 7, 2018

How an Estate Planning Letter of Intent Can Help Your Family

Estate planning is an important task that everyone should undertake as it helps to protect your family and their financial future. However, estate planning can do much more than focus on finances. One aspect of estate planning that is often overlooked is the letter of intent. This document is typically prepared in conjunction with an estate plan and includes instructions on how the executors or successor trustees should manage the estate’s assets and care for loved ones.

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Friday, November 30, 2018

Digital Afterlife: An Estate Plan for Your Facebook Account

Did you ever wonder what happens to your digital footprint when you pass away? As the internet has become more of an integral part of our lives, our information -- pictures, videos, finances, emails, social media accounts, and other personal information -- is constantly being stored online. All of this information is known as “digital assets.” While the internet has made our lives easier by allowing us to access our information with the simple push of a button, it may be difficult for our loved ones to do the same once we are gone.

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Thursday, November 15, 2018

Why New Parents Need an Estate Plan

Becoming a new parent is a life-changing experience, and caring for a child is an awesome and joyful responsibility. This is also the time to think about your child's future by asking an important question: who will care for your child if you become disabled or die? The best way to put your mind at ease is by having an estate plan.

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Wednesday, October 31, 2018

Things to Consider in Establishing a Charitable Giving Plan

For many individuals, leaving a legacy of charity is an important component of estate planning, but there are many factors involved in creating a charitable giving plan.




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Friday, August 31, 2018

How to Fix Five Common Estate Planning Problems

Not surprisingly, most people put off reviewing their estate plan because it can be both confusing and daunting. Others do not want to think about death and avoid the topic altogether. If you already have put an estate plan together, you are ahead of the curve as many people do not have one. If you do not yet have an estate plan, there is no better time than now to sit down and get one in place. In either scenario, below are five common estate planning mistakes and how to fix them so that you are fully protecting your family.

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Wednesday, August 15, 2018

A Trust for Fluffy or Fido?

Estate planning is about protecting what’s important to you. Although much of the traditional estate planning conversations focus on surviving spouses, children, and grandchildren, many pet parents wonder about what could happen to their “furry children” after their death or if they become incapacitated and unable to care for the pets.
.

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Tuesday, July 31, 2018

Beneficiary Designations and a Blended Family: Why You Need to Think Before You Sign


Whether you are in your first marriage or have remarried after a divorce, blended families are a common part of modern society. That being said, it is important to understand that blended families and subsequent marriages create important and unique issues when it comes to estate planning. You may need to account for a prior spouse who is still caring for minor or disabled children, and also possibly make sure your current spouse and any children you had together are also taken care of after you pass away. The good news is that estate planning can take all of these factors into account. This is true whether you are putting together your estate plan for the very first time or if you need to update your current estate plan due to a change in your circumstances.


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Sunday, July 15, 2018

Why Not Just Go Online and Create Your Own Estate Planning Documents Cheaply?

There are many software programs, as well as websites, that sell do-it-yourself estate planning documents. These websites seem to offer a convenient and cost-effective alternative to consulting with an estate planning attorney. But do they really meet your needs and protect your family? Is online, do-it-yourself estate planning worth the perceived upfront savings?

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Friday, June 29, 2018

You’ve Finally Done Your Healthcare Directives – Now What?

These important documents can mean the difference between your health care wishes being carried out or family members fighting over whether you should be placed in a nursing home or removed from life support. Healthcare directives usually include both a healthcare power of attorney and a living will, or a form which is a combination of the two. In a healthcare power of attorney, an individual authorizes another individual to make healthcare decisions for him or her if the individual becomes unable to do so. A living will expresses an individual’s preferences about life support.

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Thursday, May 31, 2018

Are Your Documents Following the Same Script? Basics of Beneficiary Forms and Estate Planning

In the event of your untimely death, the manner in which your beneficiaries -- or those people who receive your assets from your estate -- are determined is highly dependent on how your property is titled. 

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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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