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Life insurance, retirement accounts, checking accounts, and vehicles are some examples of assets that may be best left out of a trust.

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.

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.

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.

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

After a loved one passes away, it may be surprising and upsetting to find that the trust was not as you expected. When this happens, it is best to seek guidance from a reputable trust attorney.

An estate plan is the best way to provide for your loved ones after your death. It ensures that your property and assets get distributed according to your wishes and it also helps your family make important decisions. Here is a checklist to prepare for the creation of your estate plan.

The goal of any good estate plan is to provide an easy path for your loved ones and beneficiaries if you become incapacitated or upon your death. There are some essential elements that you should include in your estate plan.