Firm News

At Wokwicz Law Offices, LLC, we believe that regular communication with our clients on relevant and important topics is key to providing a more complete service for our clients. With this in mind, we are happy to share news of our firm and, perhaps even more importantly, legal and final news that are likely to effect our clients.

• 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 planningPlanning in advance of disability, incapacity, or death to make sure that key life issues have been addressed while the person … 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 probateThe court process proving the validity of a WillA written document that sets forth and names the personal representative who will be in charge of overseeing the probate process and names the specific bequest and residual beneficiaries of property who are to receive and inherit assets and property through probate. A Will does not avoid probate, and must be properly drafted and executed to be legal. A Will can also avoid the use of a surety bond in many instances and can help utilize an “informal” Wisconsin probate process if it has the proper clauses and attestation clause. and conducting the orderly Inventory, Accounting, and AdministrationA process during which the deceased persons assets pay debts, claims and funeral expenses and the remaining estate funds are then distributed according to the wishes of the deceased person set forth in the Will or Trust. The Administrator is in charge of the process and must follow what is set forth in the Will or Trust. If there is no Will or Trust, the distributions and payments are made according to the law of the applicable state and is called intestate succession. of a decedent’s assets under a … 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 trustA trust that cannot be terminated, revoked or amended by the creating person. … 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 planningPlanning in advance of disability, incapacity, or death to make sure that key life issues have been addressed while the person is still of sound … Read more »

• Jul. 23 2018

  Will Substitute Agreement

  A WillA written document that sets forth and names the personal representativeA term used in Wisconsin to describe the person appointed by a probate court to be in charge of the probate administration process of a deceased person. This is often referred to in other states as an Executor or Administrator. The Personal Representative may be set forth and nominated in a decedent’s Will before death along with successor Personal Representatives. who will be in charge of overseeing the probate process and names the specific bequest and residual beneficiaries of property who are to receive and inherit assets and … Read more »

• Jun. 21 2018

  Wisconsin Marital Property Law

  Wisconsin marital propertyA law for married persons with respect to ownership and rights in and to assets, property, and income during life and upon death of a married couple. Marital PropertyA law for married persons with respect to ownership and rights in and to assets, property, and income during life and upon death of a married couple. Marital Property law is unique to the State of Wisconsin, but is a form of and based upon many principals contained in Community Property law. law is unique to the State of Wisconsin, but … Read more »