As always, this blog is for sharing information and is not legal advice. Please consult with your attorney before taking any action on an estate plan.
Wednesday, June 22, 2011
Marital Property, A Home, And Death in Wisconsin
When I work with married clients on developing an estate plan, I always make them pull a copy of the deed to their home and other real property (i.e. land) that they own. Why? In Wisconsin, if both names are on the deed and one party dies the other can file an HT-110 form with the register of deeds and have it transferred to their name, outside of probate. This saves costs and happens much faster. The filing fee is small, currently $30.
Melinda Gustafson Gervasi is a Madison attorney and author whose current practice focuses on estate planning and probate. She is committed to increasing the public’s understanding of estate planning and probate issues. In 2013 she released her first book, Middle Class Philanthropist where she illustrates how anyone can leave a legacy. Gustafson Gervasi Law Office, LLC, 5555 Odana Rd., Suite 205, Madison, WI 53719
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