Legal Insights: Your Guide To Expert Law Practices And Advice
Estate Planning For Digital Assets
In today’s digital age, our lives are increasingly cluttered with various online accounts and ever-changing passwords. It’s hard to keep track of it all. Imagine how difficult this would be for your next of kin if something should happen to you. Does your spouse and/or loved ones know how to […]
Banking Law Update: Bank Required To Show It Has “Original” Note To Foreclose
The Wisconsin Court of Appeals recently ruled against a bank seeking to foreclose a residential mortgage, serving as a reminder to financial institutions to make sure they have their paperwork in order before they go to court. In Bank of America v. Yahn, Appeal No. 2015AP936 (Wis. Ct. App. Dec. […]
Estate and Gift Tax Planning in 2016
For the year 2016, the amount a person can pass during his or her lifetime or upon death free of estate and gift tax will increase due to an inflation adjustment. Effective January 1, 2016, the federal estate and gift tax exclusion amount will be $5,450,000 per person (up from […]
Supreme Court Update: Non-Competes For At-Will Employees
The Wisconsin Supreme Court recently considered the question of what non-compete consideration must be offered by an employer who desires that a current ‘at-will’ employee sign a non-competition restriction. Introduction To Wisconsin’s Non-Compete Case In Runzheimer Int’l Ltd. V. Friedlin, 362 Wis.2d 100, 862 NW2d 879 (Wis. 2015), the employee […]
Attention Secured Creditors: The Deadline to File a Proof of Claim Applies to You Too!
In May 2015, the Seventh Circuit came down with decision that is contrary to what has been a common practice among creditors for years. Typically, when a debtor files a Chapter 13 bankruptcy, all creditors receive a notice to file a proof of claim. There is a claim bar date […]
Scam Targets Bankruptcy Filers
The US Bankruptcy Court issued the following notice for a phone scam 10/20/2015. A sophisticated phone scam is targeting bankruptcy filers in several states, using personal information from filings and posing as attorneys to get intended victims to immediately wire money to satisfy a debt. The National Association of Consumer […]
BEST OF LA CROSSE COUNTY 2015
Explore La Crosse announced that Bosshard Parke Ltd. was voted best law firm in La Crosse County for 2015 according to an online poll. Check it out at www.explorelacrosse.com/bestof/.
How To Divide Retirement Accounts in a Divorce
When divorcing, retirement accounts are often divided between the parties. In all cases where a retirement account needs to be divided, some type of affirmative action after the divorce is required to do so. Unless there are unusual circumstances or the parties agree otherwise, the account holder should NOT be […]
Parent Financial Responsibility Law
Every state has enacted some version of a parental responsibility law. These are civil statutes that can be used to hold a parent or guardian financially responsible when a minor child commits certain acts. The specifics vary from state to state in terms of the type of conduct that will […]