Even a well-crafted estate plan that handles your home, savings, and investments can leave loose ends when it comes to your personal belongings. Most people do not name a recipient for every single item they own, and that can lead to confusion or conflict among loved ones. Take time now to think...
Category: Personal Property
Why Title of Real Estate Matters in Madison, Wisconsin
Real estate can be owned in several different ways. The form of ownership, or how your property is titled, can determine how much control you have over it, how vulnerable your property is to creditor claims and lawsuits, and what will happen to it at your death.
Individual Ownership
How to Own Your Real Estate in Madison, Wisconsin
Your real estate encompasses not only your primary residence but also any vacation homes, rental properties, or even vacant land you may own. The ideal form of ownership varies depending on the type of property and your individual circumstances.
Your Primary Residence
How you own your...
Homes and Estate Planning
Your home is likely one of the most valuable assets you own, if not the most valuable.
Calling it an asset can sound cold. A home is far more than an assortment of materials and possessions. It is also a place to live, gather, create life stories, and share...
Ask Your Loved Ones What They Want
The holiday season is right around the corner, and you have likely been shopping for the perfect gifts for your loved ones. You may have been wandering through crowded stores, scrolling through online marketplaces, or replaying conversations you have had with your loved ones over the past few months, trying to recall...
Pass Your Stories and Values to Future Generations
Money and property may be the most discussed types of wealth that a person owns, but the riches of their experience and wisdom can mean even more to loved ones down the line. Reinforcement of family traditions can be built into your estate plan alongside your wishes regarding the distribution of your...
Estate Planning for Collectors and Hobbyists in Madison, WI
Americans often prefer to stay busy. When we are not working, many of us turn to hobbies to keep us engaged and productive. We spend hours each day on our hobbies and leisure activities. Over the course of a lifetime, this time adds up to a significant investment.
Our...
Residuary Clause in Estate Planning
When developing your estate plan, it is nearly impossible to address every account or property you own. There are sure to be some things you unintentionally overlook. However, by including a residuary clause, you can intentionally disburse any remaining items inadvertently left over during the estate or trust administration process to a...
Leased Cars and Estate Planning
After a house, a car is often the second-most valuable piece of property a person owns.
About 15–20 percent of new vehicles are leased rather than purchased and financed. Leasing is a popular alternative to traditional financing because it can allow the lessee (the person who leases a vehicle)...
Reasons You Need an Up-to-Date Estate Plan
Although we live in a world where information is easily accessible through the internet, there are still many misconceptions surrounding estate planning. Most of us do not dedicate our time to learning more about topics like estate planning, because we may not know that we need an estate plan or realize the...