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Trusts

What Are the Pros and Cons of Wisconsin Irrevocable Trusts

As you create your estate plan, you may wonder – Do I need a trust in addition to my will? In Wisconsin, numerous trusts exist, such as revocable, irrevocable, testamentary, marital, and bypass trusts. However, let’s focus on the pros and cons of an irrevocable trust and whether you may need one for your estate… Read more

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Estate Planning, Trusts

What You Should Know About the 5 Types of Wisconsin Trusts

When creating your estate plan, you run into numerous new terms, such as will, trust, power of attorney.  Each serves a specific purpose for your estate plan, but unless you’re an estate planning attorney, you may not know which does what. Let’s specifically look at trusts. A trust is a legal arrangement between the person… Read more

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Power of Attorney

When Should I Hire an Elder Law Attorney?

Hiring an elder law attorney can be a critical step for you or your loved ones in their later years, as seniors face fixed incomes and rising healthcare costs in late life. Failing to plan for these years, however, can impact your control over your finances and quality of life. By helping you plan for… Read more

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Estate Planning

4 Things to Know About Wisconsin Probate Administration

All states have rules and laws regarding probate administration – and Wisconsin’s no different. In Wisconsin, probate is the legal process of transferring assets after a person’s death while also dealing with any amounts owed to creditors or for taxes. A local probate court supervises this process. In Wisconsin, if your estate is valued at… Read more

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Trusts

What Not to Put Into a Revocable Living Trust

Revocable living trusts are a great benefit to almost everyone’s estate plan. However, though you can put most of your assets in a revocable living trust, living trusts are not ideal for all assets that you may want to pass on to your children, family, friends, and relatives. Today, Collins Law is going to help… Read more

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Trusts

Should Everyone Have a Trust in Wisconsin

You’ve heard of estate planning and living trusts, but perhaps you think a will is enough. Or perhaps you think that living trusts are only for the wealthy or those with complicated estates. Should everyone have a trust in Wisconsin? In truth, at Collins Law, we say the answer is yes. There are a lot… Read more

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Trusts

Difference Between Living Trusts and Family Trusts

For most estate plans a trust is a great way to go. There are numerous benefits including avoiding probate and protecting your privacy. For most, we recommend a living trust at Collins Law, but family trusts are also an option. Learn the difference between living trusts and family trusts right here from your trusted estate… Read more

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Trusts

How a Living Trust Preserves Your Privacy

Everyone is entitled to a little privacy. Unfortunately, that’s not always true upon death. If celebrity deaths are any indication, almost the moment you leave this earth, everything in your will seems to be available for anyone to read. Maybe a living trust is the answer. Learn how a living trust preserves your privacy in… Read more

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Estate Planning

Difference Between a Revocable and an Irrevocable Trust

If you have done any research into estate plans, then you have likely heard about revocable living trusts. Not only is it something you can do as part of your estate plan. It’s something that we highly recommended for most people. However, this begs the question, what about irrevocable trusts. What’s the difference between a… Read more

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