One of the biggest benefits of a properly established estate plan is that it allows the planner to do something beneficial for their adult children after their death. Statistics indicate that Oshkosh, Wisconsin, residents who are in a position to leave their loved ones anything after their deaths are among the wealthiest people in the… Continue reading How estate planning can prepare adult children for inheritances
After spending more time with your spouse while sheltering in place, you may have found that your marriage has become untenable. You are far from alone in your discovery, since divorce rates have risen since the COVID-19 pandemic began. Yet, you may wonder whether proceeding with a divorce right now makes sense. While it might,… Continue reading What are the challenges of divorcing during a pandemic?
In past decades, prenuptial agreements (or “prenups”) were stigmatized and treated like a bad omen. But in modern times, prenups have become more popular than ever. An increasing amount of millennials are signing prenups before they get married. With a prenup, people can protect their assets and avoid paying off their spouse’s debts in the… Continue reading Why are millennials in Wisconsin more likely to sign prenups?
Bankruptcy, though a stressful process, can provide some benefits to the individual who is filing for bankruptcy protection. While no one wants to file for bankruptcy protection, doing so does provide the chance for someone to start over financially although there are credit score ramifications to be considered. Fortunately, for those in Wisconsin, there is… Continue reading Post-bankruptcy mortgage possibilities
Many farm owners in Wisconsin want to preserve their farm so they can pass it down to the next generation. However, if they don’t keep their estate plan up-to-date, their immediate family might be facing a legal battle after they pass away. Here’s some common estate planning mistakes that farmers should avoid. Common estate planning… Continue reading What farmers need to know about estate planning
Nearly half of all American marriages end in divorce. People in Wisconsin are well aware that the division of assets often is one of the most bothersome parts of the whole process. What some individuals may not understand is that getting divorced can have a big impact on businesses in which the parties involved run… Continue reading How divorce can impact businesses
The U.S. House of Representatives has been debating a bill that would change the bankruptcy laws for student loan debtors. The bill, known as the Student Borrower Bankruptcy Relief Act or H.R. 2648, would make it easier to discharge student loans in bankruptcy by simply removing the bankruptcy provision that currently makes it difficult. While… Continue reading House bill would make student loans dischargeable in bankruptcy
The process of creating a custody agreement for a child of divorced parents is sometimes a difficult task. Joint custody, often referred to as “shared custody,” is the result of a court awarding custody of a child to both parents after a divorce. Parents in Wisconsin who find themselves trying to work out a joint… Continue reading Custody law in Wisconsin
Wealthy people in Wisconsin know all about the estate tax exemption that was passed in 2018 as part of the Tax Cut and Jobs Act. That piece of legislation essentially doubled the amount of non-taxed gifts that people were able to leave to their family members. Unfortunately, this provision is set to expire in 2025.… Continue reading Changes to estate taxes
Starting a business is the dream for many Americans. Entrepreneurial spirit is strong in Wisconsin, where people start all kinds of companies. Most small business people put a lot of thought into the services and products they want to offer. But many don’t put enough thought into the structure of their new business. In the… Continue reading Legal considerations for business formation