Newly married couples in Wisconsin should coordinate their estate plans closely, but not automatically merge them into a single, identical plan on day one. Marriage creates shared legal and financial interests, yet each spouse still has individual property rights and a separate legal identity. Wisconsin’s marital‑property rules also affect default inheritance if...
Category: Marraige
Wisconsin Estate Planning: What are estate planning issues that a blended family faces in Wisconsin?
Blended families in Wisconsin face some of the most complicated estate-planning challenges because the law does not automatically align with emotional expectations. When “yours, mine, and ours” families mix, the biggest issues usually involve who inherits what, when they inherit it, and who controls assets in the meantime.
Conflicts...
Wisconsin Estate Planning: Should Newly Married Couples Combine their Estate Plans in Wisconsin?
Newly married couples in Wisconsin should coordinate their estate plans closely—but not automatically merge them into a single, identical plan on day one. Marriage creates shared legal and financial interests, yet each spouse still has individual property rights and a separate legal identity. Wisconsin’s marital‑property rules also affect default inheritance if one...
Wisconsin Estate Planning: What are Estate Planning Issues that a Blended Family Faces in Wisconsin?
Blended families in Wisconsin face some of the most complicated estate-planning challenges because the law does not automatically align with emotional expectations. When “yours, mine, and ours” families mix, the biggest issues usually involve who inherits what, when they inherit it, and who controls assets in the meantime.
Conflicts...
Qualified Domestic Trusts: Your Jumpstart to Protecting Your Noncitizen Spouse
Married couples love each other and want the best for each other. Establishing a comprehensive estate plan is one way to provide the best for each other. Not only does an estate plan protect you when you are unable to care for yourself during your lifetime, but it also protects your hard-earned...
Qualified Domestic Trusts: Your Jumpstart to Protecting Your Noncitizen Spouse
Married couples love each other and want the best for each other. Establishing a comprehensive estate plan is one way to provide the best for each other. Not only does an estate plan protect you when you are unable to care for yourself during your lifetime, but it also protects your hard-earned...
What Is the Last Surviving Spouse Rule?
What Is the Last Surviving Spouse Rule?
Estate planning can be a significant part of successful financial management, especially for married couples. One key consideration is minimizing estate taxes, which can substantially affect the distribution of money and property to a married couple’s loved ones.
The Passing of Senator Dianne Feinstein: Estate Plan Lessons for Blended Families
Dianne Feinstein, the longest-serving female United States senator in history, passed away in September at the age of 90. First elected to the Senate in 1992, Feinstein leaves behind a political legacy that spanned nearly 31 years. She also leaves behind an estate that is thought to be worth tens of millions...
How Far in Advance Can I Begin My Estate Planning?
You can create your estate plan at any time, but many people choose to begin the process sooner rather than later. Why? Because you never know when life-changing medical or financial emergencies can strike that will require someone else to manage your affairs during your lifetime.
When Should You...
How a Community Property Trust Could Save You Money in Taxes
When it comes to your family’s legacy, every dollar you can save from taxation counts. One way to keep your accounts and property out of the hands of the Internal Revenue Service (IRS) is to form a community property trust.
How Does a Community Property Trust Work?