Category Archive: Revocable Trusts
- Jan. 15 2011
Discussing the Revocable Living Trust
Update (December 2014): Please see our recent news article on protecting your home with an Irrevocable TrustA trust that cannot be terminated, revoked or amended by the creating person. In Wisconsin and in estate planning an irrevocable trust can refer to a trust that is set up to protect assets from a nursing home and Medical Assistance if prepared and funded well in advance. See Using Trusts to Protect Assets from Nursing Homes. Also see Using Trusts to Protect Assets from Nursing Homes. The Revocable Living TrustA trustThe arrangement creating the legal ownership of assets by a trustee for the benefit of the Settlor and/or other beneficiaries. created by a person during life and includes Irrevocable … Read more
- Dec. 8 2010
Estate Tax Alert
As we write this, the clock keeps ticking on the Federal Estate TaxThe Federal tax that is imposed on transfer of assets at death, especially to non-spouses. The current Federal Estate TaxThe Federal tax that is imposed on transfer of assets at death, especially to non-spouses. The current Federal Estate Tax, simply speaking, is for assets in excess of 5.34 million dollars for the year 2014. There is not currently an estate tax in Wisconsin, but approximately 20 other states still have some form of estate tax., simply speaking, is for assets in excess of 5.34 … Read more