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Serving as the executor of an estate, while a great honor, comes with significant responsibilities. In order to best fulfill the role to honor the testator’s legacy, you should take certain steps to prepare yourself for such a monumental undertaking. Considering these steps while the testator is living can make the estate administration process go… Read more

Many people set up trusts as part of their estate plan, in addition to wills and powers of attorney. However, when setting up a trust, you need to consider its administration as well as its purpose.  Choosing a Wisconsin trustee to oversee and administer your trust is a critical decision. After all, a trustee should… Read more

Are you a fiduciary of a trust or estate? With tax season approaching, you still have time to improve your tax position – until March 6, 2023, in fact.  But why March 6, 2023? That is the deadline under the 65-day rule for trusts. Keep reading to learn more about the 65-day rule for trusts… Read more

Thinking about your family if you die or become disabled is not always at the top of our to-do lists.  However, planning for this now can save your family lots of stress if they find themselves in this situation. One way to protect your family is to create a revocable trust as part of your… Read more

When you’re setting up your estate plan, you may be considering adding a trust.  In Wisconsin, you have a choice of five different trusts:  revocable, irrevocable, testamentary, marital, and bypass trusts. Each has its own purpose.  But understanding generally how trusts are taxed can also help you plan for your and your family’s future. Keep… Read more

Healthcare planning can often be a daunting task. However, as you age, healthcare planning can become more of a maze if you’re trying to plan for your future without help.  For elders, healthcare planning often involves care coordination, legal services, and advocacy services – all of which help you and your family prepare for your… Read more

When engaging in estate planning, you have many options for planning for your family’s security after you’re gone – from wills to living trusts to powers of attorney. But, the best way to determine what you need is to understand each of these estate planning tools and how they may benefit you and your family. … Read more

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

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