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What is Wisconsin Estate Recovery?

The Wisconsin Estate Recovery Program seeks repayment for the cost of certain long-term care paid by programs such as Medicaid, BadgerCare Plus, and Family Care. Recovery is made from the assets of a recipient after their death, or after the death of their surviving spouse. Over the years, the state has become increasingly aggressive in […]

How To Use a Transfer on Death Deed

Transfer on Death Deeds are a underused tool to bequeath real estate to loved ones after your death. They are simple and inexpensive to create, and they will generally save your surviving family significant time and expense. What Does a Transfer on Death Deed Do? A Transfer on Death Deed (officially called a “Designation of […]

Estate Planning and Probate Quiz

There are many common misconceptions about estate planning and probate law. Take this quiz to see how much you know about these issues. Are you correctly planning for your family’s future?  The answers are below. Questions: True or False: Having a Will is the easiest way to avoid probate after your death. True or False: […]

“I Want to Quit Claim My Property to a Relative.” No You Don’t.

I regularly receive calls from potential clients who have a lot of misunderstandings about what Quit Claim Deeds are, how they work, and when they should be used. “Quit-Claiming” a property to someone else is rarely as simple as people think, and often doesn’t accomplish their goals anyway. A Quit Claim Deed is simply one type […]

2018 Estate Planning and Tax Updates

As the year 2018 begins, several changes go into effect that may affect families’ estate planning. Increase in Annual Gift Tax Exemption After being stuck at $14,000 for the last several years, the per-person annual gift tax exemption rises to $15,000 for the year 2018. This means that a person may make gifts adding up […]