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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’ claims when a non-spouse beneficiary files for bankruptcy. So if you want to be sure that your children inherit your retirement...

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 your trust contains estate tax provisions...

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