The power of attorney cannot make changes to your will, transfer his or her power to someone else, or keep making decisions after your death.
Read MoreA will can include a provision that allows for the distribution of an asset only after a specific condition has been met.
Read MoreThe rules are different depending on whether you are a spouse or non-spouse, or if you inherit the 401k as a child or are disabled.
Read MoreOne of the main benefits of a land trust is that it allows an owner to separate some property from their personal finances.
Read MoreThere are a number of things you will need to do when a parent passes away, including locating important papers, making burial arrangements, filing for probate, and taking care of the estate.
Read MoreScams are more prevalent than ever and criminals put a lot of focus on older people. As your parents age, it is helpful to become more involved in their financial affairs.
Read MoreIf you have minor children, a will is essential because it provides for the appointment of a guardian to care for them if you die. However, a trust may also be beneficial in that situation because it will protect assets until the children are adults.
Read MoreThere are some potential disadvantages of being a power of attorney. For example, the Power of Attorney must be able to make serious choices that could involve the person’s health and estate.
Read MoreUnder Wisconsin law, probate is required when the estate of the deceased has a value of $50,000 or more, but there are some exceptions.
Read MoreA will is a legal document that provides instructions regarding the handling of your estate after your death. Any adult over the age of 18 should consider making a will – and not just if you’re wealthy.
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