• New business entity statutes take effect January 1, 2023; Optional opt out available through December 31, 2022

    Posted:

    On January 1, 2023 a new updated version of Wis. Stat. chapter 179 (Uniform Limited Partnership Act) takes effect to reflect the most current version of the Uniform Limited Partnership Act promulgated by the Uniform Law Commission (ULC). In addition, a new version of Wis. Stat. chapter 183 (Limited Liability Companies) will take effect to reflect the ULC’s Uniform Limited Liability…

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  • Reporting Losses from Hurricane Ian on Your Taxes

    Posted:

    As Florida continues to dig out from Hurricane Ian, we at O’Leary-Guth Law Office, S.C. wish those affected a speedy recovery. As a result of the storm, President Biden officially approved a disaster declaration in Florida...

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  • Avoid a Digital Death for Cryptocurrency

    Posted:

    Estate planning in today’s modern world requires planning for not only traditional assets but also digital assets. To properly plan it is important that you let your estate planning attorney know what digital assets you own.

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  • A Common Misconception About Wills

    Posted:

    A common misconception in estate planning is thinking that having a Will (and just a Will alone) allows an estate to avoid probate. This is not true. To the contrary, a Will is a probate document and is only used when an estate goes through probate. Additional estate planning is required if you w

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  • What is an "Ultimate Taker"?

    Posted:

    A frequently asked question when discussing estate plans is "who will inherit my assets if all my named beneficiaries die before me?” Ultimate taker provisions direct who would receive your assets in a doomsday scenario. We all hope that ultimate taker provisions will never be needed, but it is impo

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