What is the “Death Tax”? And What Happens if it is Abolished?

Benjamin Franklin wrote that “in this world nothing can be said to be certain, except death and taxes.”  This may be true, however under Federal Tax law it is extremely unlikely that you will ever have to pay taxes on your death. As part of its sweeping tax reform plan, the Trump administration is proposing […]

4 Things That Do NOT Belong in Your Will

These are items that do NOT belong in your Will. Funeral and Burial Instructions. Since a Will is about planning for your eventual death, it would make sense to include funeral, burial, and/or cremation instructions in the document, right? However, these ideas do not belong in your Will. First, such wishes would not actually be legally […]

What Does a Durable Financial Power of Attorney Do?

A Durable Financial Power of Attorney protects you in the event you are no longer able to make your own financial decisions, whether due to age, illness, or injury. It allows you, in advance, to select a person of your choice (your “Agent”) to make many different financial decisions for you. These decisions range from […]

The Importance of Estate Planning for Unmarried Couples

It is particularly important for unmarried couples to create an estate plan. Even the most basic of preparation can make a dramatic difference in the event that one partner passes away or becomes incapacitated.  If you in a long-term relationship, but not legally married, follow these steps to protect yourself and your loved ones. Write […]

How to use a Transfer by Affidavit in Wisconsin

If a family member passes away with a relatively small estate, it is often not necessary to open an Informal or Formal Probate action in Probate Court. Rather, you may be able to simply use a Transfer by Affidavit. A Transfer by Affidavit can generally be used when the person who passed away left behind […]