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Collins Law Firm
making a will in wisconsin
It’s easy to put off planning for the future. Thinking about a time when you are no longer around can be difficult to face. But, the sooner you put plans in place, the greater your peace of mind knowing that all you’ve worked for will end up in the right hands upon your death.  Having...
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probate trigger in wisconsin
Probate essentially exists to protect anyone with a legal interest in the estate of a deceased person. Without the probate process, there could be a potential free-for-all on valuable property, ending in significant disputes. In addition, probate exists not only to distribute assets but also to ensure that any creditors are paid and taxes.  What...
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fourth of fuly fireworks wauwatosa
Following a year where many of our favorite activities were canceled due to the COVID-19 pandemic, the summer of 2021 looks to be back on track. In Wauwatosa and the Milwaukee area, the Fourth of July celebration and fireworks show are back on as scheduled. But, there will be some changes from previous years.  Wauwatosa...
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18 years old estate plan
With the summer season here and newly graduated 18-year-olds heading out into the world, parents may be ready for the inevitable transition to an empty nest – or at least a less active home. While the next chapter in life brings many reasons for celebration and optimism, it’s essential to plan for the next step. ...
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avoid probate wisconsin
It’s always a difficult situation when a loved one passes away. And unfortunately, while the loss itself is difficult enough, there are financial concerns that the family often has to attend to.  When it comes to transferring assets, the probate process often comes into play in Wisconsin. Probate consists of court proceedings in which the...
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wauwatosa memorial day
With COVID-19 cases subsiding thanks to vaccines and other efforts, Wauwatosa and the rest of the country are ready to get out and enjoy the upcoming summer. And the unofficial kickoff weekend of summer, Memorial Day weekend, is right in front of us.  For 2021, some more traditional Wauwatosa Memorial Day activities are returning. While...
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living will
Having a plan for your health is one of the best things you can do for yourself and your loved ones. If there comes the point in which you are unable to care for yourself, having your wishes laid out in specifics will take a burden off of your family and help ensure that you...
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will and trust
When it comes to estate planning, you may be aware of the terms “will” and “trust.” But unless you are in the estate planning business, you may not understand the differences between the two. While they are similar, there are significant elements that make each unique. Before establishing a will or a trust, you will...
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Virus
The Coronavirus Aid, Relief and Economic Security (CARES) Act provides aid for individuals and businesses in need. The Internal Revenue Service (IRS) has published information on the specific retirement provisions in Section 2202 of the act. See the link here.  The information from the IRS provides insight into which individuals may benefit from the additional...
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Estate Planning
Because estate planning is a comprehensive plan and not just a single document, it is important to regularly review all aspects of your plan, your finances, and your family’s needs. Things to Review Beneficiary Designations: The beneficiary designation form is crucial for assets such as life insurance and retirement accounts. Improper information on these documents...
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