Category Archive: Revocable Trusts
- Dec. 10 2019
Beneficiary Designations – An Often Overlooked Part of Estate Planning
Creating a Wisconsin revocable trust or will is not the final step in the estate planning process. Beneficiary designations – naming who will receive which assets – is a must do second step of the estate planning process. Often, a … Read more
- Oct. 24 2019
Grandparent Gifting: The Right Way to Gift to Grandchildren
In our experience as estate planning attorneys, we know that grandparents love giving gifts to their grandchildren. For our clients able to make significant gifts to their grandchildren, they find it rewarding to help their grandchildren with educational expenses and … Read more
- Jul. 18 2019
Estate Planning Elder Law Attorney: When to Contact?
As estate planning attorneys, we understand that knowing when to contact an estate planning elder law attorney is difficult to predict. Most people don’t know the answer. Admittedly, sometimes it can be clear when you need an estate planning elder … Read more
- Apr. 8 2019
Trusts for Young and Minor Children: The Basics
In Wisconsin, trusts can provide a powerful tool for parents eager to protect and pass their assets to their children. More specifically, trusts for children bring the power and flexibility of trusts to bear when parents die before their children. … Read more
- Feb. 22 2019
Naming Guardians for Minors and Young Children
Naming guardians for minors and young children is a major priority for Wisconsin parents working to create an estate plan. For any parent of minors or young children, a holistic estate plan must detail your wishes to ensure your children … Read more
- Oct. 16 2018
Advantages of Revocable Trusts – Beyond Avoiding Probate
Revocable trusts provide a number of key advantages in a solid estate plan, beyond the capacity to avoid probate. Our estate planning attorneys consider some of the advantages of recoverable trusts below. Lifetime Administration With a revocable trust, a trustee … 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
- 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
- Mar. 23 2018
Avoiding Probate: Definitions and Key Reasons
Many of our clients name avoiding probate as a key goal when requesting our assistance in preparing a well crafted estate plan. At Wokwicz Law Offices, we have decades of experience navigating our clients around probate. A Brief Overview of … 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