Category Archive: Firm News

  • Jan. 3 2019

    Transfer by Affidavit and Small Estate Affidavits in Wisconsin

    Wisconsin has adopted a “small estate affidavit” statute to allow residents with a small probate estate to avoid both formal and informal court-administered probate. The State of Wisconsin allows this through the use of a Wisconsin Transfer by Affidavit. Wisconsin … Read more »

  • Nov. 20 2018

    Pet Trust: Providing for Your Pets in Your Estate Plan

    While pet owners love their animal friends, many people fail to overlook the care of their pets during the estate planning process. When working on their estate plans, people tend to focus on their spouses, children, and grandchildren. Pet owners … Read more »

  • Sep. 26 2018

    Nonjudicial Settlement Agreements in Wisconsin

    Under Wisconsin law, nonjudicial settlement agreements can be used to modify trusts that otherwise would be considered irrevocable without court action. With a nonjudicial settlement agreement, an irrevocable trust which appears incapable of being updated, can sometimes be updated without having … Read more »

  • Aug. 27 2018

    Credit Shelter Trusts in Wisconsin

    In years past, many Wisconsin couples set up credit shelter trusts as part of their estate planning, to avoid or reduce Wisconsin and Federal estate taxes upon death. Due to changes in Wisconsin and Federal estate tax laws, many credit … Read more »

  • Jul. 23 2018

    Will Substitute Agreement

    A Will Substitute Agreement delivers flexibility in retaining assets outside of a trust, while avoiding probate upon death. Such an agreement offers the convenience of owning real estate in one’s own name, with the confidence that this real estate will … Read more »

  • Jun. 21 2018

    Wisconsin Marital Property Law

    Wisconsin marital property law, or more formally Wisconsin Marital Property Code, sets out who owns what in marriage. The law can automatically classify property owned by married couples living in Wisconsin as the “marital property” of both of them. It … Read more »

  • May. 31 2018

    What to Bring to Your First Estate Planning Meeting

    As a service to our clients, we are sharing guidance on what to bring to your first estate planning meeting with our firm. Based on our decades of estate planning experience, we ask our clients to spend time considering some … Read more »

  • Jan. 29 2018

    Marital Trusts: Deciding When to Update

    In recent years, there have been significant estate tax changes in Wisconsin that may impact marital trusts. Married couples with an an older marital revocable trust are advised to have their trust reviewed. In this article, our estate planning attorneys … Read more »

  • Dec. 8 2017

    Divorce and Your Trust in Wisconsin

    In Wisconsin, divorce raises significant challenges for both revocable and irrevocable trusts. Failure to address issues raised by divorce proceedings will often result in unfavorable or undesirable outcomes. In the third of our series about how divorce effects estate planning … Read more »

  • Nov. 13 2017

    Divorce and Your Last Will and Testament in Wisconsin

    In Wisconsin, divorce can significantly modify your estate planning documents with unintended results. Filing for divorce and the conclusion of a divorce alters estate planning documents and beneficiary designations, in different ways, without any action by the person getting divorced. … Read more »