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February 2018 Archives

Options for recovering past due child support payments

A noncustodial parent in Wisconsin or any other state may be required to pay child support. These payments are designed to meet the best interests of the child and support the notion that parenting is a shared responsibility. Although an individual may be ordered to pay child support, he or she may not always do so. Reasons for failing to make payments may range from a simple inability to pay to a belief that the amount is too high.

Buying a home may be harder than getting married

Wisconsin residents may feel that buying a home with a partner is easier than getting married. However, the opposite may actually be true. For instance, those who want to end their marriage may only need to divide joint assets. To leave a house, a person will need to find a buyer, and that may not be easy depending on the condition of the home.

Things to consider when creating an estate plan

Some Wisconsin residents who are creating an estate plan might think of it as primarily a way to pass assets on to loved ones. However, such plans have a number of other purposes. Having one is important for all adults and not just for wealthy people. An estate plan can arrange for end-of-life care, choose a guardian in case a person becomes incapacitated or specify funeral arrangements. These types of specific instructions may help relieve some of the stress on loved ones.

How a trust may be useful in an estate plan

Some Pennsylvania residents who are creating an estate plan might want to consider using a revocable living trust. Trusts can have a number of uses and are not just for wealthy people. For example, a trust could have a successor trustee appointed to take care of assets if the settlor becomes incapacitated. It could also be used to care for a disabled loved one.

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