Category Archive: Revocable Trusts

  • 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 »

  • 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 »

  • Sep. 22 2017

    What is a Wisconsin Trust Protector?

    A trust protector is a person or company with the power to perform duties over a trust and watch over the trust for the long term. The trust protector can help make sure that a trust functions as intended, well into … Read more »

  • Jun. 2 2017

    Estate Planning Categories: An Overview

    When people first meet with estate planning attorneys, the experience can prove overwhelming. There are a great number of ways to approach the creation of a reliable and well-crafted estate plan. Yet there are so many considerations. As a service to … Read more »

  • Feb. 27 2017

    Small Business Estate Planning

    Estate Planning for a Closely Held or Small Business In addition to focusing on their business strategies, small business owners and owners of closely held businesses must also address the typical estate planning concerns that our other clients face. Yet, these … Read more »