Blog

Trust disputes and litigation can arise in Wisconsin when conflicts occur between beneficiaries, trustees, or other interested parties over the administration or interpretation of a trust. These disputes can be complicated and emotionally charged, often requiring legal intervention to resolve them.  Individuals involved in or considering trust agreements need to understand the common issues that… Read more

Managing a Wisconsin trust requires meticulous attention to tax obligations. Otherwise, the trust could be subjected to state and federal taxes. Both trustees and beneficiaries need to understand these tax implications to comply with regulations and make informed financial decisions. Here is a comprehensive overview of the key tax implications of a Wisconsin trust. Income… Read more

The rules and procedures for creating, modifying, and terminating trusts are outlined in the Wisconsin Trust Code. Some trusts cannot be changed. However, for revocable ones, you may be able to modify or even terminate them. When it comes time to make any changes or dissolve the trust, there are specific steps that you must… Read more

When most people think about their estate plans, they often believe a will is the only legal document they need. However, other aspects of the planning process can protect your legacy and assets. Establishing a trust provides many benefits, including ensuring that the person’s assets and property are managed according to their wishes during their… Read more

Protecting assets and property are a major concern for many individuals in Wisconsin. With a trust, you have an effective tool that will ensure these assets remain safeguarded throughout your lifetime and are distributed according to your wishes. While it may seem like a trust is the best option, you still need to weigh the… Read more

The harsh reality for families of special needs individuals is a constant fear of what their special needs loved one will do when their caretakers are no longer able to care for them. How can their caretakers ensure that their special needs loved one receives the support they need and has a good quality of… Read more

Serving as the executor of an estate, while a great honor, comes with significant responsibilities. In order to best fulfill the role to honor the testator’s legacy, you should take certain steps to prepare yourself for such a monumental undertaking. Considering these steps while the testator is living can make the estate administration process go… Read more

Many people set up trusts as part of their estate plan, in addition to wills and powers of attorney. However, when setting up a trust, you need to consider its administration as well as its purpose.  Choosing a Wisconsin trustee to oversee and administer your trust is a critical decision. After all, a trustee should… Read more

Are you a fiduciary of a trust or estate? With tax season approaching, you still have time to improve your tax position – until March 6, 2023, in fact.  But why March 6, 2023? That is the deadline under the 65-day rule for trusts. Keep reading to learn more about the 65-day rule for trusts… Read more