Legal Question in Wills and Trusts in Wisconsin

My mother is 78 years old and recently had a stroke. I am one of three sons (ages 53, 56, 57). She owns two houses. One is a small house worth approx. $30,00 that she rents out. The other (value $75,000) she lives in with one of my brothers (56 years old). Both houses are paid for. She has investments with Edward Jones worth approx. $40,000. She wants to protect these resources from the tax man or any other entity that may claim them in case anything happens to her. What would be the best way to protect these assets and make sure she has income to live on?


Asked on 11/22/10, 5:18 am

1 Answer from Attorneys
Thomas Schober Schober Schober & Mitchell, S.C.

Your question is in a fairly new area of law referred to as "elderlaw." I'd suggest you contact an elderlaw attorney who is well versed in protecting such assets. I am not such an attorney, though I have partners who do such work. Good luck in your quest.

Read more
Answered on 11/29/10, 1:30 pm


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in Wisconsin