One of the most common challenges of getting divorced is dividing your assets between you and your spouse. You’ll need to consider shared bank accounts, credit cards and retirement accounts in addition to other property that you own in Wisconsin or another state. Most common assets to consider Real estate properties, income properties and vacation… Continue reading What assets do you need to consider in a divorce?
There are a number of reasons that people in Wisconsin may want to create an estate plan that helps them avoid having their assets pass through probate before going to beneficiaries. If your estate is small enough, probate is generally not necessary. However, people often underestimate the value of their estate once a home and… Continue reading Why you may want to consider avoiding probate
In many cases, financial assets pass to beneficiaries per the terms of a beneficiary designation. It may also be possible to transfer a Wisconsin home, car or other tangible assets by using such a document. As a general rule, it is a good idea to review your beneficiary designations regularly as they trump the language… Continue reading Beneficiary mistakes that you’ll want to avoid
When Wisconsin residents don’t see a way out of debt, they have the option of bankruptcy. Bankruptcy helps them eliminate certain debts through repayment under Chapter 13 or liquidation under Chapter 7. However, the debtor may wonder what may happen to their business after filing. Business under Chapter 7 Debtors commonly file Chapter 7 bankruptcy… Continue reading What happens to a business in bankruptcy?
Estate planning can be a complicated topic all on its own. If you have a blended family, this can become an even trickier topic to handle. There are more people involved in your estate planning, and more aspects to consider. Ultimately, you want to answer as many questions for your family as possible before your… Continue reading Estate planning with blended families in Wisconsin