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Steinhilber Swanson LLP Blog

Business owners have an extra reason to plan estates well

It's not easy to discuss what to do with assets and properties upon a family member's death. Discussion of the end of life is always unpleasant, and descendants may have different ideas over what to do with homes and businesses. Owners of farms, people who own family businesses, farms and other major sources of revenue, however, should plan early and regularly discuss the future of their estates.

One of the first things business owners should consider is obtaining a financial analysis of their assets and liabilities. A complete picture of where a farm or operation stands in the present, along with owner's plans for the future, can help predict the complications that may apply to an estate upon the owner's death.

Should you tell your spouse that you want a divorce?

You think that you want a divorce. Should you start planning for it on your own, or should you tell your spouse what you're thinking?

To some degree, it may help to start planning before you bring it up. For instance, if you're worried that your spouse will recklessly spend money or threaten you in any way, you can take steps to protect yourself, such as making plans for a new place to stay. It may help you to keep your thoughts to yourself.

Need Now: Motivated Full-Time Legal Assistant

Busy downtown law firm with four Attorneys is seeking a Legal Assistant (paralegal) to assist in civil litigation, family and bankruptcy law matters. Work station has a great view of downtown and the lake. Those with paralegal skills are encouraged to apply.

Seek help if you're requesting a zoning change in Wisconsin

You found a perfect piece of property in Wisconsin where you can see yourself building what you always dreamed of: your flower shop at street level, your home above it.

You tell the real estate agent your plan, but she puts a quick end to it.

Key signs that divorce may be drawing closer

For many couples, divorce is not something that strikes without warning. In the movies, it always seems like one spouse walks in on the other one in the midst of an affair or some other dramatic event. While this does happen, it is far more common for little things to cause the couple's relationship to erode until they know it is just time to end it.

So, what are some signs that you may be getting closer to a divorce? They could include the following:

  • It seems like you spend more time dealing with negative issues than enjoying the good that a marriage can bring. All couples have hard times, but it can be a problem if your marriage feels like nothing but difficulties.
  • You often find yourself thinking about what it would be like to be single and just move on with your life. It is a fantasy of yours, the way some people fantasize about winning the lottery.
  • You are trying to save the marriage or work through the issues, but your spouse is not. Remember, you may not be able to save your marriage on your own.
  • You and your spouse do not have good communication skills. You never talk about things. You bottle them up inside. You may be trying to keep a fight from happening, but the problem is that refusing to talk means that issues never get solved and the situation just keeps getting worse.

The 3 different types of bankruptcy that a business can file

Just like individuals swimming in debt may choose to file for bankruptcy as a way to alleviate their financial pressures, businesses often do the same. They may file for Chapter 7, 11 or 13 bankruptcy depending on how they're incorporated, the assets and debts they have and whether they're looking to remain in business.

Chapter 13 bankruptcy

Deciding whether to file Chapter 7 or 13 bankruptcy can be hard

If you've lost a job or are drowning in medical bills, then calls coming in from collectors can be like salt in a wound. Their unrelenting nature may leave you searching for a solution to get them to stop. While bankruptcy can provide the type of relief that you're looking for, you may not know whether it's most appropriate to choose between Chapter 7 or Chapter 13.

The truth is that you don't have much of a choice as to which type of bankruptcy to file as it's contingent upon how much money you make. Chapter 7 bankruptcy is reserved for lower-income individuals. All but 29 percent of personal filings are this type. The rest are Chapter 13 or repayment plan ones.

What are the requirements to divorce in Wisconsin?

In order to qualify for a divorce in Wisconsin, one or both of the spouses must have lived in the state for at least six months prior to filing under 767.06 (1m) of the existing code.

Like many other jurisdictions in the country, Wisconsin is a "no-fault" divorce state. What essentially this means is that neither spouse has to lay blame for the demise of their marriage. Instead, a husband or wife needs only to say that their marital relationship is "irretrievably broken," or beyond repair, in order to be allowed to move forward with a divorce.

Press Release

The law firm of Steinhilber Swanson LLP, with offices in Oshkosh and Madison, Wisconsin, has been augmented through the addition of two new partners, James D. Sweet and Michael P. Richman. Sweet is a nationally-recognized chapter 11 business debtors' lawyer, and Michael P. Richman, also nationally recognized for his chapter 11 experience (including bankruptcy litigation and associated courtroom advocacy) on behalf of debtors and creditors.

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