Red Oak Law LLC is a boutique real estate, estate planning, and business law practice located in Brookfield, Wisconsin.

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What Happens To Your Pet After You Pass Away?

Under state law in Wisconsin or Illinois, a person's pet is essentially considered personal property of the estate at the time of the owner's death; meaning that probate system views the pet is just another asset to be "distributed" to an heir.  Owners may, at some point, have had a conversation with a friend or relative and come to the conclusion that they had identified someone to take in the animal if necessary.  It is important to remember, however, several points. 

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For Parents of School-Aged Children, 529s Deserve a Look Now More Than Ever

The Tax Cuts and Jobs Act, which became effective at the beginning of this year, permits parents to withdraw from a 529 plan to pay for up to $10,000 in tuition expenses.  This change in federal law applies to tuition costs for public, private or parochial schools (but not homeschooling).

This is a potentially huge benefit for parents, because

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