Blog: estate planning

 

Our Blogs

Current Status of Federal Estate and Gift Tax Proposals

Posted on February 14, 2022 by
Blog

You likely are aware, from the news and our prior communications, that Congress currently is considering proposals that may have a significant impact on many estate plans. Although we still cannot be certain which, if any, of the proposed changes will become law, we want to provide you with an overview of their potential effect […]

Estate Planning in the Time of COVID-19

Posted on March 20, 2020 by
Blog

In the midst of the global COVID-19 pandemic, many people are stocking up on food and other supplies to get them through prolonged periods of quarantine and government-ordered shutdowns.  Schools are closed and in some locations, businesses are also closing doors to visitors.  Yet people are concerned about planning for a potential incapacity or even […]

Isn’t an Online Financial Power of Attorney Form Good Enough?

Posted on February 27, 2020 by
Blog

When people ask me what they can do to make things easier for their loved ones if something happens to them, the first question I ask is if they have power of attorney documents in place. A good financial power of attorney (“POA”) is one of the most important estate planning documents you can have. […]

Getting Started: Estate Planning for Young Families

Posted on January 15, 2020 by
Blog

For many people, the first time they start thinking about an estate plan is when they start to have family members that depend on them financially – typically, a spouse or a child. Let’s take, for example, a young married couple with young children. The couple may think they need a will, but they might […]

Call to Action: Review Your Estate Plan in Light of the SECURE Act

Posted on January 7, 2020 by
Blog

The federal appropriations bill enacted into law on December 20, 2019 changed federal law in ways that may affect your retirement assets, including 401(k) plans and IRAs.  Those changes, often referred to as the “SECURE Act,” may affect you during your lifetime and also the way those retirement assets may be distributed to your beneficiaries […]

Upcoming Travel Plans? How to Temporarily Delegate Parental Authority

Posted on December 19, 2019 by
Blog

Picture this: you are lying on the beach in sunny Aruba, thinking about your best friend, Kristin, who valiantly volunteered to watch your three children while you and your spouse got away from the Wisconsin winter for the first time in ages – when all of a sudden you see a hotel staff member racing […]

Estate Planning for Family Farms: What to do with the Land

Posted on November 11, 2019 by
Blog

While most businesses use real estate, unique planning issues arise for family-farm owners because of the importance of real estate to the farm and family. There are several reasons for that. Family farms are not as mobile as other businesses. Family-farm owners usually have strong emotional attachments to the land. They treat the land they […]

Is My IRA Safe From the Nursing Home?

Posted on June 11, 2019 by
Blog

After working and saving, clients are concerned that unexpected costs will become unplanned for drains on their Retirement Accounts (e.g, 401(k), IRA, Roth IRA, 403(b), etc.). As the need to pay for nursing home care nears, those concerns grow and questions begin to be asked about whether retirement accounts are safe from the nursing home. […]

I Want to Avoid Probate…Right?

Posted on February 14, 2019 by
Blog

In my opinion, education is the most impactful aspect of my role as an estate planning attorney.  I often tell the story that when I first decided upon estate planning – over ten years ago – I excitedly told my husband that I had settled upon my specialty.  He responded supportively – “That’s great!” …So, […]

Create Your Emergency Money List

Posted on December 28, 2018 by
Blog

If you are married, it is likely that either you or your spouse assume primary responsibility for financial matters, like paying your bills, filing your tax returns, choosing your investments, buying insurance, and applying for loans.  If you are single, then you are probably the only person who knows everything about your finances.  In either […]