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What are exemptions? Bankruptcy exemptions allow you to protect your assets up to a certain amount, which means that the bankruptcy trustee appointed to your case cannot take those exempt assets to pay your creditors. Exemptions are organized by specific assets and can be used to protect things such as your home, car, retirement benefits,...
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If you are considering acquiring real estate with a spouse, family member, business partner, or any other individual, you will be required to specify how title will be taken to that property. In Wisconsin, there are three ways to take title to real estate: as tenants in common, through joint tenancy, or through marital property....
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taxes box on top of refund money
If you have recently purchased or remodeled a home, then you may have noticed your tax assessment increase. Tax assessments are performed annually and based off the previous year’s data as a way of reevaluating changes that may have affected your property’s market value. For example, if yours or other neighboring homes were recently remodeled...
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credit cards and cash for bankruptcy debt
Now what do I do? Once a credit company obtains a judgement against a debtor for failure to pay a debt, the door is opened for the creditor to collect that debt through several methods. Debtors in this situation are often desperate to know which of their assets may be subject to the judgement –...
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Whenever you experience a change in circumstances, such as moving states and acquiring new property, it is always a good idea to review your estate planning with an attorney to ensure that it up to date with current state laws and reflects your current wishes. If you have recently moved to Wisconsin, that is a...
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What does it cover and how does it work? Wisconsin’s Small Estate Affidavit statute allows estates under $50,000 to avoid probate and instead be transferred via affidavit. See Wis Stat. §867.03. It can be used by an heir, a trustee of a revocable trust, a person named in the decedent’s will, or a guardian after...
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Issue – Overhanging Trees: Suppose your neighbor does not perform regular maintenance on trees located on your adjacent property line. As a result, the branches are overgrown, not pleasant-looking, and provide too much shade in an area that you had previously used for sun-bathing. You want your neighbor to cut the tree branches so that...
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If you’re thinking of sidestepping the housing shortage and bidding wars, buying a vacant lot to build your dream home may be the solution for you. Even if you do not know where to start, buying vacant land doesn’t need to be intimidating. We’ve put together a guide for your reference as you begin to...
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Have you tried negotiating debt with your creditors but still struggle to handle all of your payments? If you answered yes, then filing for Chapter 7 bankruptcy in Wisconsin may be a solution to minimize your debt load. Bankruptcy can be complicated. If you’re considering filing for Chapter 7 bankruptcy, continue reading to learn how...
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Calculation concept, old hands counting finances on a home calculator ,
Confronting end-of-life affairs is never an easy subject to approach, not to mention the legal complexities surrounding estate planning and writing a will. But, like many people, you likely want a document that honors your final wishes while giving your survivors a roadmap to help them close out your estate correctly. This article discusses why...
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