Joint Tenancy Pitfalls: The ‘Simple’ Fix that Can Leave Your Family Broke

One of the main problems with JTwROS is that when you enter into this kind of agreement, you open yourself up to additional liability.

Do I Need a Will if I am a Young Adult With Few Assets?

If you are young and do not currently have a lot of assets, you might think you can get by without an estate plan. The flaw in that reasoning is that you can never be sure how much your future estate will actually be worth. For example, even if you do not own much now, […]

Should I Make My Own Will Using an Online Will Service?

The Internet has made information more widely available than ever before. An online will service makes it possible for many people to complete certain tasks and projects on their own–or at least, with a minimum of third-party assistance. Some companies have even gained popularity offering “do-it-yourself” legal services that purportedly allow you to make your […]

5 Reasons to Protect Your Retirement Accounts Now

Your retirement account has asset protection, but as soon as you pass that account to a loved one, that protection evaporates.

5 Reasons to Protect Your Retirement Accounts Now

During your lifetime, your retirement account has asset protection, but as soon as you pass that account to a loved one, that protection evaporates. This means one lawsuit and POOF! Your lifelong, hard-earned savings could be gone. Fortunately, there is an answer. A special trust called a “Standalone Retirement Trust” (SRT) can protect your retirement […]

What Does a Personal Representative do?

Many Wisconsin residents are appointed to serve as the personal representative for a family member’s estate without fully understanding the duties and responsibilities of the position. Handling an estate is not necessarily difficult, but it does require a certain attention to detail and the ability to meet specific legal deadlines. The Basics of Administering a […]

Do I Need to Include Bitcoin in My Estate Plan?

Estate planning is only effective if it includes all of your assets. In most cases this is not a big deal. Major assets like your home have a deed that clearly establishes legal title. Other liquid assets such as a brokerage account are maintained by a trusted third party that must follow certain regulatory standards. […]