Last week, Walworth County updated its aerial imagery on the Geographic Information Systems Application, also known as GIS. This online database is not only free, but it provides users interesting information, ranging from current owners of parcels, fair market values for tax purposes, the current and future zoning of an area and so much more.
To access Walworth County’s GIS, click the following link:
In January of this year, the rules governing retirement accounts changed significantly. As a result of the passing of The Secure Act, there are long-term changes you might wish to consider to your financial and estate plan.
Stretch IRAs will be abolished going forward. Most of our clients who inherited an IRA on or before December 31, 2019 were able to stretch the distributions over their life expectancy. This was the “Stretch IRA.” For our clients who are inheriting retirement accounts after December 31, 2019, this opportunity to use the “Stretch IRA” will no longer exist.
Starting January 1, 2020, a new WB-11 Residential Offer to Purchase will be available for real estate purchases in Wisconsin. While reviewing the prior 2011 WB-11, the Real Estate Examining Board wanted to make transactions easier and have clarified language for the parties reading and preparing the documents. While there are many minor changes to the document, we have outlined three of the most notable below.
An easement is a nonpossessory right to use or enter upon real property of another without actually possessing it. Most easements are created by the owner of a burdened estate (The Grantor) and the result is a benefit to the dominant estate (The Grantee). Once created, the easement is recorded in the county where the property is located.