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In the REO Sale of Foreclosed Properties, Failure to Disclose Could Lead to Claims of Fraudulent Representations

In the REO Sale of Foreclosed Properties, Failure to Disclose Could Lead to Claims of Fraudulent Representations

Banks and lenders often use standard language in their addendums and agreements when selling properties that have been obtained through the foreclosure process. One of these provisions is the “as-is” clause whereby the seller acknowledges that it may not have a full understanding of the condition of the property it is selling. Typically, buyers agree to buy the property “as-is” and to hold the seller...

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How to Form an LLC in Wisconsin

How to Form an LLC in Wisconsin

An LLC (Limited Liability Company) is a mixture of a partnership and a corporation. It is a company characterized by limited liability, management by members or managers, and limitations on ownership transfer that is statutorily created in certain states. [Black Law Dictionary 117 (2nd Ed. 2001).] The Wisconsin Department of Financial Institutions website makes it fairly easy for someone to create their own LLC or,...

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Out of Love – Nominating a Guardian for Minor Children in a Will

Out of love, many parents ask, “Who will take care of my minor children if I die?” Movies have heartbreaking stories on this topic . . . How is the dilemma resolved in the movies when there is no will? Sometimes, in the movies, everything is beautifully resolved after a series of conflicting events lead to an epiphany of who would be the best guardian....

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How Estate Planning Can Help When Your Spouse Is Away

How Estate Planning Can Help When Your Spouse Is Away

There is a common misconception we encounter as estate planners that I would like to take a minute to address. Many clients we meet with are not entirely aware of how important at least some estate planning is—even for those who are nowhere near death or even incapacity. Married couples often are under the assumption that because they are married they are able to make...

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