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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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Trusts

How Can a Living Trust Help You Pass On Your Business?

Even if you don’t own a business, Collins Law recommends that you consider a living trust to handle your assets in your estate plan, but if you do own a business, then it becomes even more important. Why? Without a trust, your business will have to pass through probate. Not only does this leave it… Read more

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Estate Planning

What is the Best Way to Leave Your House To Your Children?

A common concern for parents as they start getting older is how they are going to pass their house to their children. Estate planning is where this often comes into play, but people tend to explore other options as well. Let’s look at all of them and determine what is the best way to leave… Read more

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Trusts

What Are the Pros and Cons of Revocable Living Trusts?

Trying to figure out what your estate plan is going to look like? People often rely on a will, but what about a trust? Trusts are useful tools for nearly any estate plan, and the most common form of trust used in estate planning is a revocable living trust. What are the pros and cons… Read more

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Estate Planning

Is Probate Required in Wisconsin?

Are you worried about probate for your estate? We understand that. At Collins Law, we handle estate planning for many of our clients. Is probate required in Wisconsin? Let’s take a look at the letter of the law to help you navigate probate, when it happens, and how you can avoid it if you want… Read more

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Estate Planning

Without an Estate Plan Will Your Assets go to Your Spouse in Wisconsin?

We know we are constantly touting the merits of having an estate plan, but what happens when you don’t have one in place. If you’re married, with an estate plan will your assets go to your spouse in Wisconsin? We hear this all the time as a defense against estate planning, not only is this… Read more

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Estate Planning

Can Children Inherit Money From Parents in Wisconsin?

There are a lot of reasons people build estate plans. Some want to ensure their money and assets go to charity, others want to have a plan in place for their business, but most are thinking about their children. Often when you build an estate plan, your children are minors still. This has left Wisconsin… Read more

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Estate Planning

What Do You Have To Do to Maintain an Estate Plan?

An estate plan is a lot like a car. When it’s new, it’s going to work perfectly for you, but over time things happen, and the only way to keep that car running like new is to keep up with your routine maintenance. What do you have to do to maintain an estate plan? There… Read more

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Estate Planning

What Type of Will Should a Married Couple Have?

So you’re getting married. Congratulations! We’re sure our invite got lost in the mail. You have a lot on your shoulders after all. You had to find the perfect hall, the right caterer, a dress that will stun, and don’t forget about the right DJ. But what about the legal stuff? The marriage certificate isn’t… Read more

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