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Trusts play an important role in estate planning. They make sure your wishes are carried out after your passing. Trusts provide a structured way to manage and protect your assets, safeguard your beneficiaries, and avoid probate.  However, one question remains: Can a trustee override a trust?   Let’s examine the legal authority governing trusts to see… Read more

Medicaid provides healthcare coverage to individuals with limited income and resources, including long-term care services for the elderly and disabled. In Wisconsin, eligibility for the program is determined by strict income and asset limits.  What assets are exempt from Medicaid in Wisconsin? Knowing this can help you or a loved one get the care they… Read more

Medicaid provides healthcare coverage for those who might not have access to it. However, individuals need to meet certain financial and medical eligibility criteria.  Many people are unaware that after receiving Medicaid benefits, the program may attempt to recover costs through the Medicaid Estate Recovery Program (MERP). With that, your assets, including your home, are… Read more

Trusts are powerful tools in estate planning. When you create a trust, you have a plan in place to protect and distribute assets after you have passed. However, when it comes to managing a trust in Wisconsin, you might have heard of two terms: trustee and trust administrator.  While closely related, these terms refer to… Read more

When it comes time to administer a trust, you will encounter a few expenses. Between legal fees, paying taxes, and appraising assets, the costs can rise. So, what are the expenses for trust administration in Wisconsin? We will look at the common expenses so you can make a plan for your trust.  Legal Fees When… Read more

One of the most important duties in a trust is serving as a trustee. With that, you are tasked with many vital fiduciary duties. You are responsible for managing the assets and keeping records of every transaction. Also, you need to clearly communicate every step with the beneficiaries. So, how to administer a trust in… Read more

Every October, we celebrate Estate Planning Awareness Month. During this month, we want individuals and families to think about their future financial security. People tend to avoid conversations about estate planning because it involves thinking about death, incapacitation, and the transfer of assets.  However, estate planning is more than considering what happens when you pass… Read more

Medicaid can help individuals with special needs get access to essential healthcare services and financial assistance. In Wisconsin, navigating Medicaid eligibility and special needs planning will help you ensure your loved one will receive the necessary support without jeopardizing their benefits. Let’s look at the key aspects of these plans.  Medicaid Eligibility in Wisconsin In… Read more

Sometimes, family members have to make difficult decisions. If a loved one cannot make decisions for themselves, then you may have to choose a guardianship or conservatorship to protect their interests. While these terms are used interchangeably, they are different. Let’s look at guardianship vs conservatorship in Wisconsin to help you decide which is right… Read more