Hougum Law Firm, LLC
Could SLATs Be Right For You and Your Estate Plan?
Are you and your spouse considering adding a Spousal Lifetime Access Trust to your current estate plan? A Spousal Lifetime Access Trust, more commonly referred to as a “SLAT,” is an estate planning tool that you and your spouse may want to use. It allows you to remove...
Why Trusts Often Fail
Are you considering adding a trust to your estate plan, but not sure what a trust can do? A trust is an estate planning tool into which you place your assets. These assets are then managed by a trustee selected by you for the benefit of the trust’s beneficiaries....
Four Helpful Tips for Caring for a Loved One With Dementia
Do you have a loved one recently diagnosed with dementia? Have you noticed your loved one exhibiting signs of memory loss, caused by dementia, by asking the same question repeatedly, forgetting appointments, or even how to get to a home they have lived in for years?...
Trying To Avoid Probate? Be Aware Of These Three Common Mistakes
Have you just finished creating your last will and testament? Are you thinking that when you pass away your estate will not have to go through the probate process because you have created a detailed will? It is absolutely important that you have a will in place, but...
Tips About Where You Should Keep Your Original Estate Planning Documents
Where do you keep your important documents and valuables? Are they currently stored in your safe deposit box at your local bank? For many years, most people believed that renting a safe deposit was much safer than keeping everything at home. In fact, now that you have...
The 7 Point Nursing Home Checklist You and Your Loved Ones Need
Are you concerned that you may need to move your loved ones into a nursing home? Frankly, there is nothing more difficult than deciding to move loved ones into a long-term care facility. How do you choose the right one? What are the challenges in choosing? How can you...
How to Start “Tough Conversations” About Medical Care
As an aging adult, have you had any conversations with your family about what would happen if you had a sudden illness or accident and were unable to make decisions for yourself? It is important for your loved ones to know what you want in the event of a sudden crisis...
Planning for a Loved One Needing a Nursing Home, You Do Not Have to Plan Alone
Have you recently learned that your aging loved one must enter a nursing home? Are you now trying to figure out how to plan for nursing home care for an aging loved one and feel like you are all alone with this planning? You are not alone. A qualified Wisconsin elder...
Your DIY Estate Planning DID Not Accomplish What You Intended
Do you enjoy do-it-yourself projects, like hanging your own wallpaper, making your own bread or creating and sewing costumes for your children or grandchildren? Do you enjoy the challenge of a do-it-yourself project and the sense of accomplishment once it is...
How Can You Pay for a Nursing Home If Your Loved One Has Parkinson’s Disease?
Do you have a loved one recently diagnosed with Parkinson’s disease? Are you aware that as Parkinson’s disease progresses, your loved one’s ability to walk, bathe, and dress will become impaired and there may be an increased risk of falling. Have you and your family...