Wisconsin Statute 857.05(2) sets the compensation rate for a personal representative at 2% of the value of all the assets subject to the probate...

I'm second on line for POA, but I need to exercise my power in some situations.

I completely agree that the answer to this question does depend on which states your parent currently reside in. With that said, typically...

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I'm in the process of selling my mom's estate she passed away 2yrs ago. I'm hearing I may have to pay capital gains to the IRS?

The general rule (although there are many exceptions) is that when someone passes away and they owned their home in their own name, the fair market...

Do I need an attorney to establish power of attorney for my grandfather?

While you should not necessarily require an attorney to complete a power of attorney document, an attorney, who is well-versed in Power of Attorney...

Is there a way to protect our assets from a nursing home seizing them should we need care prior to our deaths?

There are a lot of factors to weigh when considering asset protection tools for Medicaid purposes (for example, an Irrevocable Trust). Factors...

Do I need a probate atty.

The probate process, depending on the amount of your grandfather's assets subject to the Probate Court's jurisdiction, can take a number of months...

What are the consequences of designating one person to serve as POA, Guardian,executor of will, trustee and personal rep ?

One person can serve in all the capacities you listed, namely medical agent, financial agent, guardian, executor, and trustee. However, that...

If you have a will do your heirs have to go through probate and does the court charge, and how much

Even with a will, only assets that are subject to the probate court's jurisdiction will have to go through probate. Some assets that were jointly...

Need help interpreting language in a Will

The first provision basically means that whatever probate assets are left in the remainder of the Estate (residue) shall be shared equally between...

Is a Will still valid, since the Real Estate involved, has changed?

Without knowing how the will was drafted it is impossible to say for certain how the real estate would pass. However, if the will was drafted to...