How Do I Gift an LLC That Holds Rental Property to a Trust for My Son?
Attorney Thomas B. Burton answers a reader question about how to gift the owner's interest in an LLC into a Revocable Living Trust in order
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Thomas B. Burton
- May 1, 2019
- 3 min
Can Creditors Put Lien on Mother's House For a Child's Debts Who is Listed on the Deed?
Attorney Thomas B. Burton answers a reader's question about whether creditors can place a lien on the mother's home for the debts of a child who was added to the deed of the home by the mother, and who is listed as a co-owner of the home. #estateplanning #probate #realestate #creditorclaims #deed #deeds #wisconsinlaw #eauclairewisconsin #chippewafallswisconsin #madisonwisconsin #wisconsin #wisconsinlawyer #lawyer #attorney #wisconsinattorney Transcript of Video: Can Creditors
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Thomas B. Burton
- Apr 21, 2019
- 1 min
Do I Have to Pay My Brother's Debts After He Passed Away?
Attorney Thomas B. Burton answers a reader's question about whether the reader is responsible for his brother's debts to the assisted living home where his brother was living before his death. #probate #debts #debtsofdeceased #probatelawyer #eauclaire #wisconsin #eauclairelawyer #eauclaireprobatelawyer #wisconsinlaw #wisconsinlawyer #nursinghomedebt #assistedliving #wisconsinprobate
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Thomas B. Burton
- Mar 27, 2019
- 2 min
How Can I Sell a Joint Ownership Property When My Partner Does Not Want To Sell?
Attorney Thomas B. Burton answers a reader question about the reader's options for selling a condo owned jointly with another person when the other person does not want to sell. Transcript of Video: How Can I Sell a Joint Ownership Property When My Partner Does Not Want To? Today's question comes from Madison Wisconsin and it's the following how can I sell a joint ownership property when my partners plural does not want to do it and the property is now in a transfer on death
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Thomas B. Burton
- Feb 20, 2019
- 2 min
Can Agent Under Power of Attorney Charge Me Money for Maintaining Mother's House After Her Death
Attorney Thomas B. Burton answers a reader question about whether her sister, who was named as Agent under her mother's Durable Financial Power of Attorney document, can charge the reader maintenance for maintaining her mother's home after her death. Transcript of Video: Can Agent Under Power of Attorney Charge me Money for Maintaining Mother’s House After Her Death? Today's question has to do with the power of attorney the reader writes from Superior Wisconsin the following
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Thomas B. Burton
- Nov 26, 2018
- 1 min
Q&A Series: What Happens To Land Sold for $1 to Me if My Brother Goes Into Nursing Home?
#MedicaidPlanning #NursingHomePlanning #RealEstate #Divestment #EauClaire #Wisconsin #EauClaireAttorney #ChippewaFallsWisconsin #ChippewaFallsLawyer
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Thomas B. Burton
- Sep 4, 2018
- 2 min
Q&A Series: Is there an easy way to change my name on the deed to my house?
Question: Is there an easy way to change my name on the deed to my house? I got married last summer and it seems very complicated! I asked the Register of Deeds office in Milwaukee through email and they stated something about creating a new deed first and gave me a link to the law library in Madison, and then something about an e-RETR. I tried filling it out, but it is complicated, too. I can't figure out how I'm the grantor and the grantee without giving away rights, and al
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Thomas B. Burton
- Aug 30, 2018
- 1 min
Q&A Series: Does the Executor of an Estate Get Paid for Their Work?
Reader Question: Does the executor of an estate get paid for their work? Attorney Thomas B. Burton Response: A: Yes, in Wisconsin we call the Executor of an Estate under a Will a "Personal Representative" and the Personal Representative is entitled to 2% of the inventory value of the property for which the personal representative is responsible, less any mortgages or liens plus net principal gains for their services, subject to approval by the Court. See Wisconsin Statute 857
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Thomas B. Burton
- Aug 14, 2018
- 2 min
Q&A Series: How Does Sale of Property Work When There is a Life Estate Reserved to Father in Nur
Below is a recent question I responded to regarding using life estates in Medicaid planning, and how the sale of the proceeds is divided when the person holding the life estate is still alive. Consumer Question: When a warranty deed indicates "this conveyance reserves a life state for the grantors" (parents)how does sale of property work? My parents 2006 estate planning included deeding their home to us 6 children via warranty deed with the idea that they would continue to li
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Thomas B. Burton
- Dec 8, 2017
- 1 min
What is a Wisconsin Quit Claim Deed?
In this post I explain what a Wisconsin Quit Claim Deed does and how it differs from a Warranty Deed. I also discussed some of the uses of a Quit Claim Deed in certain real estate transactions. If you have a question for a future video blog post please submit it here. #RealEstate #QuitClaimDeed #Wisconsin #WisconsinQuitClaimDeed #WisconsinLaw #AttorneyThomasBBurton
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Thomas B. Burton
- May 20, 2016
- 1 min
Owning a Cabin "Up North"
I read a great piece about owning a cabin written by a Minnesota Attorney, David J. Meyers, called "Lake Law 101 - Or: So you Want to Own a Cabin..." in the Bench & Bar publication put out by the Minnesota State Bar Association. While this piece focuses on Minnesota law, many of the issues he talks about are the same issues to consider in Wisconsin when buying or remodeling a lake home. Whether you own a lake home now, or are considering it in the future this piece is a great
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Thomas B. Burton
- Apr 10, 2016
- 1 min
Young Professionals of the Chippewa Valley--New Committee Member
I am proud to announce that I have been elected to join the steering committee of the Young Professionals of the Chippewa Valley. Young Professionals of the Chippewa Valley ("YPCV") is a joint program of the Eau Claire Area Chamber of Commerce in partnership with the Chippewa Falls Chamber of Commerce and is comprised of Young Professionals Ages 21-40. YPCV focuses on encouraging young professionals to interact socially, learn more about the community, volunteer, and exchange
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Thomas B. Burton
- Mar 20, 2014
- 5 min
What is Probate? Some Common Questions and Answers
Today, I decided to look at a few commonly asked questions surrounding the probate process. I have attempted to ask questions that I think commonly come up when people think about estate planning and the administration of their estate following their death. I hope this question and answer format is a useful format for conveying this information to you, the readers. If you have a specific topic you would like to see addressed in the future, please contact me with your suggesti
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