July 2014

Wisconsin’s New Trust Code Effective July 1, 2014

July 1, 2014

The Wisconsin Trust Code became effective July 1, 2014. This new law applies to both testamentary trusts and living trusts. The law is also retroactive, meaning that it applies to trusts created both before and after July 1. The Act is very thorough and covers many different concepts, however an exhaustive treatment of the Act is beyond the scope of this article. The following are some of the noteable changes in Wisconsin’s law.

Underinsured Motorist Coverage: A False Sense of Protection

July 15, 2014
Underinsured Motorist Coverage protects me from other drivers cut rate insurance, right?
Unfortunately, underinsured motorist coverage is misleading. The name implies that it will cover an injured insured when the other driver doesn’t have enough coverage to pay for the damages. However, many clients are shocked to learn that their underinsured motorist coverage will not be added on top of the other driver’s cut rate insurance to pay off the insured’s damages.