On behalf of Cramer, Multhauf & Hammes, LLP | Jul 10, 2020 | Estate Planning
When an individual dies, their estate enters a process called probate. A legal requirement for every U.S. citizen, a probate court will oversee the estate’s distribution and work to settle matters over the decedent’s assets, property and debt. Alongside the estate...
On behalf of Cramer, Multhauf & Hammes, LLP | Jul 8, 2020 | Estate Planning
When someone accumulates wealth over time they might want to consider setting up a charitable trust. Two main types of trusts exist for individuals: a charitable remainder trust, which gives money to charities after other beneficiaries receive money, and a charitable...
On behalf of Cramer, Multhauf & Hammes, LLP | Jun 24, 2020 | Estate Planning
Wisconsin residents like you spend a lifetime of effort building your estate. It makes sense that your estate plan should reflect this level of care. What do you need to ensure that you have a good estate plan? You must have meticulous oversight throughout the...
On behalf of Cramer, Multhauf & Hammes, LLP | May 13, 2020 | Estate Planning
Wisconsin business owners have a lot on your plate. No matter what phase your business is in, you work hard to keep it progressing. Amidst all this planning, you are likely focusing on the future. But you may find it surprising that you have to work business...
On behalf of Cramer, Multhauf & Hammes, LLP | Apr 3, 2020 | Estate Planning
Once you create your will and estate plan, you are not finished with it. You will need to revisit it often to make updates and changes as your life goes through its different phases. It can sometimes be unclear exactly when you need to do an update. After all, every...
On behalf of Cramer, Multhauf & Hammes, LLP | Feb 14, 2020 | Estate Planning
There are many philanthropic causes to support all across Wisconsin. Ideally, people donate for altruistic reasons or even a desire to downsize and simplify their life. Another sensible reason is as part of an estate plan. This might be for tax purposes or simply to...
On behalf of Cramer, Multhauf & Hammes, LLP | Feb 13, 2020 | Estate Planning
When Wisconsin residents work on your estate plan, select an executor as soon as possible. This person will oversee your estate after you pass on. Because of that, it is also important for them to be well-informed about your desires. HuffPost gives you a good look at...
On behalf of Cramer, Multhauf & Hammes, LLP | Feb 11, 2020 | Estate Planning
When you create your estate plan, you have a range of options for what to do with your assets. One option is a revocable living trust. The State Bar of Wisconsin explains this is a document that establishes the responsibility of another person to manage the assets...
On behalf of Cramer, Multhauf & Hammes, LLP | Nov 8, 2019 | Estate Planning
Those who have recently begun the estate planning process are have been brought into it by a family member may be confused about the legal jargon surrounding it. To clear up the confusion you may be experiencing, here is a glossary of common estate planning terms you...
