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If I Have a Living Trust, Do I Still Need a Will?

October 30, 2023

If 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. 

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Can a Trustee Sell Property Without All Beneficiaries Approving?

December 3, 2021

Wisconsin Code Chapter 701.19(2)(d) states that “a trustee may not sell individually owned assets to the trust unless the sale is authorized in the creating instrument, made with written consent of all beneficiaries, or made with the approval of the court upon notice and hearing.” However, it is important to note that the trustee is allowed to act based on the intentions of the grantor. There are some instances where the trustee may sell property.

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What Happens When You Inherit Money From a Trust?

October 29, 2021

If you are the beneficiary of money from a trust, you may wonder what happens next and what your obligations and requirements are once you receive the funds. As a beneficiary of trust funds, you do not want to make any mistakes in the handling of your newfound assets. It is helpful to understand the types of trusts so you know what taxes you must pay.

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Can a Trustee Withhold Money from a Beneficiary?

October 1, 2021

The death of a loved one is undoubtedly a stressful time in your life. After a relative passes away, the person’s trust will be reviewed and dispersed. A trustee is the person assigned to oversee the trust. Many people wonder whether a trustee can use his or her power to withhold money from a legal beneficiary. It is helpful to understand the role of a trustee and his legal responsibilities and obligations.

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Can a Trustee Remove a Beneficiary?

August 13, 2021

While generally the trustee cannot make changes to the trust, there are circumstances where it may be possible.

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How to Contest a Trust

August 6, 2021

After a loved one passes away, it may be surprising and upsetting to find that the trust was not as you expected. When this happens, it is best to seek guidance from a reputable trust attorney.

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Estate Planning Checklist

May 21, 2021

An estate plan is the best way to provide for your loved ones after your death. It ensures that your property and assets get distributed according to your wishes and it also helps your family make important decisions. Here is a checklist to prepare for the creation of your estate plan.

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What are the Essential Elements of an Estate Plan?

February 19, 2021

The goal of any good estate plan is to provide an easy path for your loved ones and beneficiaries if you become incapacitated or upon your death. There are some essential elements that you should include in your estate plan.

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What are the Advantages of Establishing a Trust?

September 24, 2019

A will and a trust serve the same function: They provide for your family after your death. However, there are some differences that may make trusts advantageous in some circumstances. If you have substantial property and assets, it can be much more beneficial to your heirs to provide for them in a trust rather than […]

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How Can a Trust Protect My Assets?

November 12, 2016

Trusts are one of many devices used in estate planning. While you are planning your estate, you might write a will, determine your advance medical directive, and name beneficiaries to each of your accounts. A trust is an arrangement with a third party, known as a trustee, to hold assets on behalf of one or […]

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