What is an Estate Inventory?

  Probate administration in Wisconsin requires the personal representative (executor) of an estate to complete several steps before winding up the final affairs of the deceased. One critical step is filing an inventory with the probate court. The inventory, as the name suggests, is a listing of all property owned by the probate estate.

What is an Estate Inventory?

Probate administration in Wisconsin requires the personal representative (executor) of an estate to complete several steps before winding up the final affairs of the deceased. One critical step is filing an inventory with the probate court.

I am Administering an Estate: Do I Need to Hire a Probate Attorney?

For many Wisconsin residents, administering a parent or relative’s estate may be their first extended interaction with the legal system. If you find yourself in the position of a first-time personal representative or executor, you may wonder if it is even necessary to hire an experienced probate and trust administration lawyer. After all, if your relative’s […]

Can a QTIP Trust Help You and Your Spouse Save on Estate Taxes?

One reason many Wisconsin residents create a trust is to reduce their estate’s potential estate tax liability. For example, with a qualified terminable interest property (QTIP) trust, married couples can maximize the potential estate tax deduction for their combined property. Basically, the way a QTIP trust works is that the first spouse to die leaves […]

Using a Wisconsin Living Trust to Keep Family Members From Controlling Your Estate

A Living trust is a flexible estate planning device that you can amend, modify, or revoke at any point during your lifetime. Of course, once you pass away, the terms of the trust become irrevocable. In other words, your successor trustee is bound by its terms and must administer the trust assets as you direct. This […]

Do I Need to Go to Court to Get a Debt Repaid From a Family Member’s Estate?

Probate administration is the legal process of distributing a deceased Wisconsin resident’s property in accordance with the terms of his or her will, or if there is no will, under the state’s intestacy laws. Probate is also when anyone to whom the deceased owed money can present claims for payment. This includes health care providers, […]