Clair Law Offices News and Articles

Estate Planning, Retirement, and Taking Distributions - Contact Your Accountant

There are complex IRS regulations associated with IRAs and other retirement plans. When Clair Law Offices advises its clients concerning estate planning matters, we customarily defer questions concerning retirement distributions to our clients’ accountants and financial advisers. Errors in taking retirement distributions can be extremely costly. This is especially true of required minimum distributions (RMDs).

ABLE Accounts For Clients with Disabilities

June 23, 2017

Clients with disabilities who receive governmental benefits cannot have more than $2,000 in savings. If they do, they start to lose those much-needed benefits.

There is a new type of saving vehicle known as “ABLE Accounts” which permit people with disabilities and their families to save up to $14,000 a year without losing benefits. The accounts are somewhat similar to the 529 College Savings Plans. With ABLE accounts, money can be saved and can be used for anything that helps the life of the person with a disability.

Title to Real Estate: Unmarried Cohabitants

There are circumstances where unmarried persons purchase homes together. In most of those cases, the couples take title as joint tenants, which means that upon the death of one of them, title is automatically vested by operation of law in the survivor. On the other hand, if the unmarried couples take title as tenants in common, it is almost always on a 50-50 basis.

The problems arise when the relationship ends. The question that we are often asked is: Are there common law rights for unmarried cohabitants?

Best of Walworth County 2016

February 9, 2017

We wanted to take this opportunity to thank our clients for voting us the Best of Walworth County for the 5th year in a row. We take great pride in the confidence that our clients and the residents of Walworth County continue to bestow upon us. Thank you for trusting us with all your legal needs. For over 50 years we’ve had the pleasure of providing legal services here in Walworth County, and we will continue to strive to be “your local law firm” for many years to come.

Thank you.

Sincerely,

News for Lakefront Property Owners

Wisconsin is home to thousands of inland lakes. Walworth County is no different, boasting beautiful lakes, including Geneva Lake, Delavan Lake, and their surrounding neighbors. The beauty of these lakes draws a wide array of people, causing a delicate balance of maintaining the lakes’ beauty but also developing the land to its fullest potential. As such, the Shoreland Zoning laws have been adopted to create statewide standards for building around lakes in Wisconsin.

Supreme Court Decision Great News for Lenders and Condominium Buyers

MADISON, WI (April 29, 2016)

 

Clair Law Offices is proud to announce that Attorney Edward F. Thompson argued before the Wisconsin
Supreme Court in a case on behalf of one of our Bank clients and for thousands of financial
institutions whose mortgage loans and liens were at serious jeopardy.

 

In Walworth State Bank v. Abbey Springs Condominium Association, 2016 WI 30, in a 5 to 2 ruling, the
Supreme Court on April 29, 2016 held in favor of the Bank.

 

Mandatory E-Filing in Walworth County

March 11, 2016
 
On February 23, 2016 the Wisconsin Supreme Court adopted a petition that will require parties to file cases electronically (e-file). The approved plan calls for counties to implement mandatory e-filing in civil, small claims, paternity and family cases beginning on July 1, 2016.  Several counties are currently offering e-filing on a voluntary basis.
 

Banks Beware: Despite “AS IS” clause, homebuyer wins due to Bank’s “misrepresentation”

January 6, 2016
 
As a continuing free service, Clair Law Offices, S.C. thought you might be interested in a recent Wisconsin Court of Appeals decision issued on December 23, 2015, involving financial institutions, foreclosures, and sales of real estate after obtaining a foreclosure judgment.
 
Key Facts
 

Clair Law Offices to Argue on Behalf of Financial Lenders Before Wisconsin Supreme Court

WISCONSIN SUPREME COURT ARGUMENT – UPCOMING
 
CLAIR LAW OFFICES TO ARGUE ON BEHALF OF FINANCIAL LENDERS
BEFORE WISCONSIN SUPREME COURT
 
The Wisconsin Supreme Court granted a Petition for Review filed by Clair Law Offices on behalf of one of our financial institution clients after the Court of Appeals ruled against the financial institution and in favor of a condominium association.
 

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The comments and opinions expressed in the blog are intended for informational purposes only and do not constitute legal advice. Reading or using the information in the blog does not create an attorney-client relationship between you and Clair Law Offices, S.C. or any of our attorneys.  The law is constantly changing and therefore the blog may contain dated material. For current law and how it relates to your particular facts and circumstances, consult Clair Law Offices or another qualified attorney licensed in your state.