Aug 28, 2019 | Estate Planning
Basis step-up is a powerful tax-saving tool. Often, it is why it is preferable to bequeath a home/stocks instead of gifting it. Although this article is making the case against basis step-up, it is important to understand why it is so advantageous and why you should...
Aug 21, 2019 | Estate Planning, Trusts, Wills
Wisconsin, like The Revised Uniform Fiduciary Access to Digital Asset Act, establishes of a “three-tier priority system of user direction for disclosure of digital property as follows: 1) an online tool; 2) any other governing instrument (estate planning...
Aug 2, 2019 | Uncategorized
Great article that stresses how you can protect your expected inheritance and to make sure that your parent’s estate planning documents are drafted correctly. As the article states, “double check to make sure that any inheritance that might be received...
Jul 20, 2019 | Estate Planning, Trusts, Wills
Tip to personal representatives and trustees of estates: Do not pay the debts of the decedent randomly or from your own pocket. There is a statutory order of priority when it comes to paying debts and some debts of the decedent may not have to be paid. Marshall the...
Jun 1, 2019 | Estate Planning
Parents dread having the “talk” with their kids about sex and, likewise, kids dread having the “talk” with their parents about finances and last wishes. However, although uncomfortable, it is necessary to avoid the stress and expense of an ugly...
