If I gift my children $15000 in a year and I should have to go to a nursing home,how many years has to pass before it is theirs
Thomas's answer
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Answered on September 10, 2020
Hello, this is a good question and one that I see comes up frequently because it involves the often confusing intersection of the federal tax code...
How do I get a copy of an original will and trust from Milwaukee County?
Thomas's answer
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Answered on August 27, 2020
If there were any assets that passed under the Will, the original Will should be filed with the probate court in the County where the decedent...
Can we use the trust document and death certificate vs a letter of appointment To handle estate?
Thomas's answer
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Answered on August 27, 2020
Hello, I am sorry to hear about the passing of your father. The good news is that if everything is titled in the name of the trust as you indicate...
If I write my will on a piece of paper and tape it to my door so i don't lose it. I then go out and die in a crash. is it valid?
Thomas's answer
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Answered on August 24, 2020
Holographic (handwritten) Wills are not valid in the state of Wisconsin. If you want to complete a Will for free, I suggest using the form the...
Which is better: add child to deed or do a TOD?
Thomas's answer
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Answered on August 18, 2020
If you are concerned about minimizing taxes at death, the best option in my opinion is to pass the property to the child at death so they get new...
Father died, owes for hospital and nursing home. Will they put a lien on house?
Thomas's answer
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Answered on August 14, 2020
If you go through the probate process, you will need to publish a notice to creditors, and this would give the creditors the opportunity to file...
Archived
What can I do to back out of house offer after I ran out of time for contingencies?
Thomas's answer
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Answered on August 06, 2020
The terms of the Offer to Purchase itself will determine whether you have any valid legal reasons to back out of the contract. I would review the...
How do you go about purchasing a detached garage from a neighbor and redrawing property lines in Wisconsin?
Thomas's answer
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Answered on August 05, 2020
If the neighbor is willing to sell you the garage, you can likely purchase it from him. You will want to work with both a real estate attorney a...
Archived
How do I protect our family vacation home?
Thomas's answer
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Answered on August 05, 2020
Protecting the family vacation home is an important part of many families' legacy planning in Wisconsin. Often, a trust is a good vehicle for this...
How does a payable on death bank account work in a community property state such as Wisconsin?
Thomas's answer
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Answered on August 05, 2020
If the account is titled jointly with rights of survivorship, then the surviving spouse would own the entire account upon the death of the first...
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