Estate Planning Resources - Page 3 of 7

What is the Difference Between Estate Planning and Business Succession Planning?

November 28, 2022

While some people use the terms interchangeably, an estate plan and a business succession plan are two different things. An experienced attorney will help you select and implement the planning vehicles that are best for your situation.

What is the Difference Between Co-Agents, Co-Trustees, Co-Powers of Attorney, and Co-Surrogates?

October 17, 2022

Setting up a trust and assigning agents and trustees can be complicated. It is helpful to seek legal guidance to ensure that you understand the options available and their impact.

How Do You Split the Family Farm?

October 3, 2022

Splitting up the family farm can be the hardest decision you will ever make. A knowledgeable attorney will help you through the process.

How Do You Get Power of Attorney for an Elderly Parent with Dementia?

April 25, 2022

If your parent is already in the later stages of dementia, he or she is not able to provide POA through conventional methods. Once a person is no longer capable of making his or her own decisions due to dementia or any other reason, you will need to go through the courts to obtain power of attorney.

Can a Person with Dementia Sign Legal Documents?

March 14, 2022

A person with dementia may or may not be able to sign legal documents, depending on their current mental capacity.

Can a Trustee Sell Property Without All Beneficiaries Approving?

December 3, 2021

Wisconsin Code Chapter 701.19(2)(d) states that “a trustee may not sell individually owned assets to the trust unless the sale is authorized in the creating instrument, made with written consent of all beneficiaries, or made with the approval of the court upon notice and hearing.” However, it is important to note that the trustee is allowed to act based on the intentions of the grantor. There are some instances where the trustee may sell property.

What Happens When You Inherit Money From a Trust?

October 29, 2021

If you are the beneficiary of money from a trust, you may wonder what happens next and what your obligations and requirements are once you receive the funds. As a beneficiary of trust funds, you do not want to make any mistakes in the handling of your newfound assets. It is helpful to understand the types of trusts so you know what taxes you must pay.

Can a Trustee Withhold Money from a Beneficiary?

October 1, 2021

The death of a loved one is undoubtedly a stressful time in your life. After a relative passes away, the person’s trust will be reviewed and dispersed. A trustee is the person assigned to oversee the trust. Many people wonder whether a trustee can use his or her power to withhold money from a legal beneficiary. It is helpful to understand the role of a trustee and his legal responsibilities and obligations.

How to Settle an Estate Without a Will

September 10, 2021

What happens when someone dies without a will? Without a will, the distribution of assets is left to state law. Learn more about intestate succession (when someone dies without a will, they are said to die intestate), and the legal process in place for handling the estate and distributing assets of a decedent.

Can a Trustee Remove a Beneficiary?

August 13, 2021

While generally the trustee cannot make changes to the trust, there are circumstances where it may be possible.