Leaving Assets to Your Grandchildren

Often, grandparents wish to set aside a certain amount or a certain percentage of their estate specifically for their grandchildren. There are several options available to accomplish this objective: 1. Establish 529 college savings plans. This option can be beneficial from an income tax standpoint. You can remain the owner of the plan during your
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Don’t Forget About Your Digital Assets!

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One aspect of estate planning that many people forget is their digital assets, such as social media, websites, financial accounts, and more. As we live in an increasingly digital world, it is important to make sure that you have designated in your will a party to handle retrieving your digital assets and shutting down your
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Start Thinking About Estate Planning Now

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The holidays are upon us and, for many, this means spending quality time with those we love, both physically and virtually. While we give thanks for what we have and begin to look towards the future, now would be a good time to start thinking about estate planning. Securing every aspect of your future is
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2020 Avvo Clients’ Choice Award

Attorney Dera L. Johnsen-Tracy has been selected to receive the 2020 Avvo Clients’ Choice Award for outstanding client reviews. Avvo is a legal website that features ratings and reviews for attorneys in every state. Its purpose is to help people get legal advice, find the right lawyer and make informed legal decisions. To see Dera’s reviews, please
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Thirteen Estate Planning Terms You Need to Know

Estate planning—it is an incredibly important tool, not just for the uber wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do. Estate planning can help you accomplish any number of goals, including appointing guardians for minor children, choosing healthcare agents to make decisions for you should you
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Estate Planning in the Age of COVID-19

Estate planning is important for everyone, regardless of your financial circumstances.  For example, you could be worth very little and still need someone to make health care decisions for you and manage your bank account in the event you became incapacitated.  Without proper planning, even these simple matters could require a court proceeding. Although estate
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What Estate Planning in Madison, WI, Commonly Involves for People Like You

If you want to make sure that your financial and property distributions are arranged before your death, estate planning service can help you sort out all the details. Here are some of the most common things that estate planning in Madison, WI, involves. Will Drafting or Finalizing If you haven’t yet written a will, your
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Understanding How Property Ownership Affects Your Estate Planning Goals

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Having a will or a living trust in place is a great start to a comprehensive estate plan. However, it is also important to make sure that all of your assets are titled in a manner that will ultimately accomplish estate planning objectives. The most common forms of ownership are as follows: Sole Ownership Sole
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Who to Call When You Need a Special Needs Trust Madison WI

Special Needs Trust
Once in a while, families will have a need for a special needs trust in Madison, WI. When we do, we want a law firm that can handle this request with professionalism. That is why families often turn to Horn & Johnsen, S.C. Who Are We We are a multi-practice law firm specializing in wills
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3 Reasons It’s Important to Update Your Will

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If you already have a will, you are ahead of the many Americans who have not yet taken this important estate planning step. However, making a will is not a one-time project. For this instrument to remain an effective way to distribute your property, it is vital to periodically review and update your will. An
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