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Trusts

How Are Wisconsin Trusts Taxed?

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

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Trusts

5 Common Questions About Wisconsin Living Trusts

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

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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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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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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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