When it comes to estate planning, trusts are a common tool used to protect assets and distribute them to beneficiaries after the grantor passes away. One question that often arises is the difference between a revocable trust and an irrevocable trust. In this article, we will explore t...
At Heritage Law Office, our estate planning attorney in Wisconsin offers various estate planning options, including the creation of an irrevocable trust. We will thoroughly review your needs and provide an outline of your best options. Contact us either online or at 414-253-8500 to schedule a fre...
Probate is a legal process that occurs after a person passes away. It involves the transfer of the deceased person's assets to their beneficiaries or heirs. The process can be complex and often requires the assistance of a probate attorney or lawyer. In Wisconsin, the process of probate involves...
If you're considering estate planning in Wisconsin, you may have come across the term "revocable living trust." A revocable living trust is a legal document that can be used to manage your assets during your lifetime and distribute them after your death. It is a popular estate planning tool that ...
If you're a parent who wants to leave an inheritance to your child but is concerned about the possibility of their spouse getting a share of that money in the event of a divorce, you're not alone. Fortunately, there are legal ways to protect your child's inheritance and ensure that it stays in th...
As we get older, planning for the future and managing our assets becomes increasingly important. One of the key concerns for many people is how to minimize the amount of inheritance tax their estate will be liable for after they pass away. One idea that often comes up in estate planning is the po...
If you're a Wisconsin resident who owns property and is considering setting up a trust to protect your assets, you may be wondering whether you can sell a house that is in trust. The answer is yes, but the process can be complex, so it's important to understand the steps involved. In this guide,...
Setting up a revocable trust in Wisconsin can be a smart move for anyone who wants to avoid the probate process, provide for loved ones, and protect assets. However, the process can be complex and overwhelming. In this article, we will guide you through everything you need to know to set up a rev...
When planning your estate, it is essential to choose the right tools to ensure that your wishes are carried out as you intended. Revocable living trusts are a popular estate planning tool for individuals in Wisconsin, but they are not always the best option. In this article, we will explore the d...
Revocable living trusts are an essential estate planning tool that can help you protect your assets and ensure that your loved ones are taken care of after you're gone. If you're a resident of Wisconsin, creating a revocable living trust can be an excellent way to avoid probate and ensure that yo...
If you're a Wisconsin resident planning your estate or trying to protect your assets, you may have heard of a revocable trust. A revocable trust, also known as a living trust, is a popular estate planning tool that can offer flexibility and control over your assets. In this comprehensive guide, ...
Probate is the legal process by which a court oversees the distribution of a deceased person's assets to their heirs and creditors. This process can be time-consuming, costly, and stressful for the surviving family members. Fortunately, there are several ways to avoid probate in Wisconsin. In thi...
Probate is the legal process of administering the estate of a deceased person. It involves distributing the assets, paying off debts and taxes, and settling any outstanding claims against the estate. Probate can be a complex and time-consuming process, which is why many people choose to hire a la...
Probate is the legal process of distributing a deceased person's property to their heirs and settling any outstanding debts. This process can be complex, and many people choose to hire a probate lawyer to help them navigate it. But, how much does a probate lawyer cost in Wisconsin? This is a ques...
Establishing and managing a business in Wisconsin can be a complex and challenging process, but with the help of a qualified business law attorney, you can navigate the legal landscape and set your business up for success. At Heritage Law Office, we have years of experience assisting clients wit...
A trustee is a person or organization that holds and manages assets in trust for the benefit of another person or organization, known as the beneficiary. Trustees are often appointed in estate planning to manage and distribute assets to beneficiaries according to the terms of a trust. Role of a ...
A special needs trust is an estate planning tool that is specifically designed to provide financial support to individuals with special needs. It is an important component of a comprehensive estate plan for families who have a loved one with a disability, allowing them to provide for their long-t...
When an individual passes away, their estate must be settled. This involves the distribution of their assets to beneficiaries and the payment of any outstanding debts. The person responsible for overseeing this process is known as a personal representative. What is a Personal Representative? A ...
When it comes to estate planning and creating a will, it is important to understand the role of an executor. An executor is a person who is appointed to handle the distribution of a deceased person's estate according to their will. The executor's role is a crucial one, as they are responsible for...
Estate planning is the process of organizing your financial and legal affairs so that your wishes are carried out after you pass away. It is an important part of protecting your assets and ensuring that your loved ones are provided for. However, many people may find the process of estate planning...
As a small business owner, it's important to understand the tax implications of your business decisions. Failing to comply with tax laws can result in penalties and fines, so it's essential to stay informed about the tax considerations that apply to your business. In this blog post, we will expl...
At Heritage Law Office, we understand the importance of estate planning in protecting assets for individuals with special needs. When a loved one has a special need, it's essential to have a comprehensive estate plan in place to ensure that they are taken care of now and in the future. Without pr...
Wills and trusts are both popular estate planning instruments, but they have distinct differences to consider. Here we'll examine the pros and cons of each, and when you may want to use them. What is a Will? A will is a legal document that outlines an individual's wishes for how their assets wi...
Understanding the basics of a trust and its importance in estate planning A trust is a legal arrangement in which a trustee holds and manages assets for the benefit of one or more beneficiaries. Trusts can be used for a variety of purposes, including managing assets during a person's lifetime an...
Estate planning is a crucial aspect of financial planning that ensures that your assets are distributed according to your wishes after you pass away. It also helps to minimize taxes and legal fees, and can ensure that your loved ones are taken care of in the event of your incapacity. What is Est...
For a comprehensive plan that will meet your needs or the needs of a loved one, contact us today. Located in Downtown Milwaukee, we serve Milwaukee County, surrounding communities, and to clients across Wisconsin, Minnesota, Illinois, and California.