The United States Supreme Court in a decision that surprised many held that after the death of an IRA owner assets in an inherited IRA for a non spouse beneficiary no longer constitute retirement funds for bankruptcy purposes therefore they are not protected from creditors 8217 claims when a non spouse beneficiary files for bankruptcy...
Wisconsin has revised its general power of attorney statutes making prior statutory references inaccurate and clarifying the laws regarding the extent to which you are allowed to grant authority to agents under a Wisconsin power of attorney
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Wisconsin has revised its trust statutes These changes among other things make it easier to change an irrevocable trust in response to unanticipated circumstances including tax changes clarify the ability to creditor proof the trust assets you leave for your beneficiaries and provided a pretty good method for keeping the dispositive provisions of your trust...
The current estate tax threshold is $5 490 000 00 reduced by any lifetime taxable gifts In addition there is now a way to port the unused exemption of the first spouse to die to the surviving spouse resulting in as much as $10 980 000 00 of total exemption for a married couple If...
