Category Archive: Irrevocable Trusts
- Oct. 30 2013
Wisconsin Budget Bill Implementation Demands Estate Planning Review
The partial implementation of the Wisconsin Budget Bill results in an overly-complicated law — presenting an urgent case for an estate planning review. The Wisconsin Budget Bill has now been partially implemented by the Joint Finance Committee, resulting in a … Read more
- Sep. 11 2013
Implementation of the Wisconsin Budget Bill
As we continue to pay close attention to developments concerning the implementation of the Wisconsin Budget Bill, our estate planning lawyers are sharing an important update on possible delays to the implementation of the Wisconsin Budget Bill (2013 Wis. Act … Read more
- Jul. 5 2013
Estate Planning in Wisconsin: Considering the New Budget Bill
Over the past few months, the estate planning lawyers at our firm have been closely monitoring the progress of the Wisconsin Budget Bill. As we previously reported, this new budget bill is likely to have a significant impact on estate … Read more
- Jun. 26 2013
Keeping a Watchful Eye on Amendment 3 of the Wisconsin Budget Bill
As the date approaches for Governor Scott Walker to sign into law a new budget bill for Wisconsin, the trust and probate lawyers at Wokwicz Law Offices LLC will be keeping a close eye on developments. At Wokwicz Law Offices, … Read more
- May. 8 2013
Asset Protection Planning to Change under New Estate Planning Legislation in Wisconsin
Our estate planning lawyers warn that legislation pending in Wisconsin as part of the Wisconsin Budget Bill will affect medical assistance (nursing home and family care) planning and related programs. This legislation, if enacted, will change when and how the … Read more
- Aug. 23 2011
Estate Tax Exemption and Spousal Portability
On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (for this article we will refer to this Act as the “New Estate Tax Law”), which made some key changes to … Read more
- Aug. 10 2011
Important Considerations for Irrevocable Income Only Trusts
This post is the second in a two part series covering the financial advantages of Irrevocable Income Only Trusts. Part One covered Using Trusts to Protect Assets from Nursing Homes. Irrevocable Income Only Trusts must be very carefully and specifically … Read more
- Jul. 27 2011
Using Trusts to Protect Assets from Nursing Homes
This post is the first in a two part series covering the financial advantages of Irrevocable Income Only Trusts. Part Two covers Important Considerations for Irrevocable Income Only Trusts At Wokwicz Law Offices, we routinely meet with our clients to … Read more
- Jan. 20 2011
Estate Tax Alert – January 2011
As 2011 progresses, we have received clarification from the federal government on the applicability of the new estate tax law for deaths occurring during the year 2010, and new estate tax law for deaths occurring in 2011 and 2012. The … Read more
- Dec. 8 2010
Estate Tax Alert
As we write this, the clock keeps ticking on the Federal Estate Tax. Will Congress and the President retroactively reinstate the estate tax for 2010? It appears that this could be the case based upon recent developments from Washington D.C. … Read more