A dying man’s undisputed wish to forgive several debts cannot be granted, a Wisconsin appeals court has ruled. Eighty-eight year old Roger Hansen was in the process of making a will with an attorney, but died without signing it. Since he did not have a will, his estate passed to his heirs under intestate succession …
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Irrevocable Trust May not Protect Assets from Nursing Home Comments Off
A Wisconsin appeals court recently ruled that the assets in an irrevocable trust established by three children with funds gifted to them by their parents are available to pay for the mother’s nursing home care. The decision should be noted by people relying on an irrevocable trust to protect assets from nursing home expenses. Background In 1991, Lucille …
Read MoreEstate Planning Lawyer in Wausau: Passing on your Green Bay Packers Season Tickets Comments Off
Lambeau Field, the home of the Green Bay Packers, has been sold out on a season ticket basis since 1960. Since that time, the waiting list for season tickets has grown to roughly 86,000. The Packers estimate that only 90 season tickets are relinquished each year. At that pace, getting on the waiting list today …
Read MoreWisconsin Allows Representative to Carry out Last Wishes Comments Off
In 2008, Wisconsin enacted a law that allows one to designate in writing a “representative” who is authorized to oversee your final disposition and the method of your final disposition. It also allows for the designation of successor representatives, in the event that your first-chosen representative is unable or unwilling to act for any reason. …
Read MoreEstate Lawyer Wausau: Non-Probate Transfers in Wisconsin 0
As an estate lawyer, I know that a common goal for my estate planning clients is to avoid probate. “Probate” refers to the Court-supervised process of accounting for and distributing property owned individually by a decedent at the time of the decedent’s death. What is Probate? The probate process terminates the decedent’s interest in the …
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