Probate administers property that does not pass through a trust, beneficiary designation, joint ownership, transfer-on-death arrangement, or another valid nonprobate method. Before filing, the family should determine whether informal administration, formal administration, a summary procedure, ...
Read MoreWisconsin generally uses the term personal representative, although many wills use executor. The representative acts in place of the decedent for estate administration purposes, but only within the authority granted by law, the will, and ...
Read MoreThe first step is understanding that not every power of attorney does the same thing. In Wisconsin, a financial power of attorney allows an agent to handle property, accounts, bills, transactions, and other financial matters. ...
Read MoreYes, probate can often be avoided in Wisconsin, but only if legal steps are taken before death. The most important thing to know is that a Last Will And Testament does NOT keep a family ...
Read MoreTake a look at some of the most common misconceptions that are often heard by us, at The Estate Planning Group: Misconception #1: A Power of Attorney can be used after death. No. Upon a person’s ...
Read MoreMistake #1: Relying on the Law. If you do not set up an estate plan, upon your death your property will be distributed according to the laws of your last state of residence. Often, the law ...
Read MoreWith tax time just behind us, you may be thinking you did well by minimizing what you paid to Uncle Sam and your state in taxes, so more can go to your family. Every year ...
Read MoreWe are all busy, right? We have things to do, places to visit, and people to see. So, it is understandable why people do not often think about what would happen in an emergency, where something ...
Read MoreWhenever you work long enough in a selected profession, you often find that there are common questions that arise and many times common misconceptions as well. Estate planning is no different. Here are five of ...
Read MoreWe're here to answer your questions and help you begin your Life & Legacy planning journey. Reach out today for a complimentary consultation.
"*" indicates required fields