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The Most Important Estate Planning Document

November 01, 2017 by John Zabkowicz

As Attorney Ruthmansdorfer highlighted in her last blog, the Last Will and Testament is an essential estate planning tool and must be used in coordination with other documents, including beneficiary designations, to properly and effectively transfer assets at someone’s death.  It truly is an impo

Intent: What Exactly Does That Mean in Estate Planning?

October 10, 2017 by Elizabeth Ruthmansdorfer

Often, I get initial calls from individuals who want a “will.”  They don’t think they need estate planning, they only want a will.  This begins a journey with the individual of what exactly estate planning is, that they need more than the will (powers of attorney for sure), and that their will an

Creating a Medicaid Plan

September 06, 2017 by Terry Campbell

For anyone in the middle class, a long term illness can wipe out all assets in a heartbeat.  Hard earned money and a life time savings can be wiped out quickly when faced with monthly bills that can easily exceed $10,000 per month.

Income Tax Deduction for Medical Expenses

August 22, 2017 by Stephen Lasky

If you are under the age of 65, you can claim deductions for medical expenses not covered by your health insurance only if these expenses exceed 10% of your adjusted gross income.  A temporary exemption was in place through December 31, 2016 for individuals age 65 and older and their spouses that

Promissory Notes Are Back!

August 01, 2017 by John Zabkowicz

Attorney Terry Campbell signified the importance of Medicaid annuities in our blog a few weeks back.  In order to preserve assets, a couple or a single person could purchase a Medicaid annuity and essentially become qualified for Medicaid benefits.  This specific and complicated Medicaid annuity

Land Contracts and Medicaid: Yay or Nay?

July 26, 2017 by Elizabeth Ruthmansdorfer

I have seen a marked increase in interest from individuals asking about land contracts lately.  In one case, an individual who is already in assisted living could not sell her house.  The only buyer interested wants to do a land contract.  In another case, Dad needs income and he wants to give hi

Divorce: Use Problem-Solving Approach Rather Than a Court Battle

June 20, 2017 by Linda Lamb

Divorce: Use Problem-Solving Approach Rather Than A Court Battle By: Attorney Susan A. HansenHansen & Hildebrand S.C. 126 N. Jefferson St.  #401 Milwaukee, WI 53202 (414) 273-2422

Annuities and Medicaid – The Misunderstood Child

May 30, 2017 by Terry Campbell

There has often been confusion about the role or purpose of annuities in Medicaid planning.  Is there a place for annuities or is this planning tool obsolete?

Revocable and Irrevocable Trusts – What is the Difference?

February 28, 2017 by Stephen Lasky

A trust is “revocable” if the terms of the governing instrument allow the trust settlor to amend the trust’s terms, or cancel (revoke) the trust or remove property from the trust without the approval or consent of a third party (e.g., trust beneficiary, a court).  Conversely, a trust is “irrevoca

Communication and Planning

February 21, 2017 by Elizabeth Ruthmansdorfer

Even the best of families have problems.  Also, the best planning can fail when the family fails.  So what do you do?

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