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When you want to manage your assets and make sure they are distributed according to your wishes, that is where estate planning is essential. You have two options in Wisconsin: drafting a will or creating a trust. These options both have benefits and disadvantages. Your financial situation, family dynamics, and personal preferences all play a… Read more

If you want to protect your assets and provide for your loved ones, a trust may be the answer. These trusts can also help your estate avoid the probate process. As you are considering your options for an estate plan, you might want to think about the costs. What is the average cost of a… Read more

When someone passes away, their assets could end up in probate. During this process, the debts and assets are managed and distributed by the courts. However, not all assets will proceed through probate. A few are exempt in Wisconsin and can pass to beneficiaries without court supervision. Let’s examine the process and learn what assets… Read more

Many people often postpone or overlook their estate plans. However, these tools are a great way to secure the future for your loved ones. With National Estate Planning Week around the corner, it is time to learn more about the importance of estate planning for you and your family. What You Need for Your Estate… Read more

One type of trust that you may not know about is a testamentary trust. Many individuals put these in their estate plans, making them effective upon death. If you would like to learn more about whether a testamentary trust is the right option for you, here are a few points to consider.   What Is a… Read more

With a living trust, you can manage and distribute your assets after your passing. While this valuable estate tool can help expedite the probate process and protect your privacy, it may not be the right option for everyone. Some assets are not suitable to be placed in a living trust. Here is what you need… Read more

Trusts are an essential part of estate planning and managing wealth. They provide a sense of financial security and peace of mind. However, your trust may become outdated with changes in family dynamics, legal requirements, and other factors.  If you want to ensure that the trust continues to align with your current needs, intentions, and… Read more

Exciting changes are coming to Collins Law Firm. We understand the importance of experience when providing clients with the legal advice they can trust, and that’s why we’ve tried to create a team that understands your unique needs and can work with you to manage and plan for your future. That’s why we’re proud to… Read more

The distribution of a deceased person’s property and settlement of debts is called probate, which can be a difficult and costly process in Wisconsin. However, creating a revocable living trust can help simplify estate administration and avoid heading to court. This estate planning tool can offer many benefits to individuals and families.  Here is how… Read more