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Home / Estate Planning / Wisconsin Trust Law: What Can I Do With My Assets Once They’re in My Living Trust?

Wisconsin Trust Law: What Can I Do With My Assets Once They’re in My Living Trust?

Stephanie Thompson, Estate Planning Attorney of Krueger Hernandez & Thompson SC · Aug 2, 2013 ·

If you are like many others, you have a Revocable Living Trust in place as your estate plan.   Typically, you are the trustee of your own trust.  As trustee, you can do anything you want with the trust assets.  When you set up your living trust, you are transferring the title of all your assets, with a few exceptions, from you as an individual to yourself as the trustee of your trust.  You then must manage the property for the benefit of yourself as the beneficiary. What this means is that you will have absolute and complete control over the assets of your trust.  If you want, you can spend, save, invest or even give the assets away at your discretion.  There are no restrictions on what you can do with the assets in your living trust. Additionally, if you don’t like the terms of the trust, you can amend it or revoke it at any time without penalty.

If you have questions about  your existing living trust or are interested in putting an estate plan in place, call me to schedule a no cost consultation.  If you are in Sauk county or the Baraboo area, call 608-356-3961.  If you are in Dane County or the Madison area, call 608-824-9540.

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Stephanie Thompson, Estate Planning Attorney of Krueger Hernandez & Thompson SC
Stephanie Thompson, Estate Planning Attorney of Krueger Hernandez & Thompson SC
As the owner of Krueger Hernandez & Thompson SC, it is Stephanie’s mission to address each client’s goals for their estate plan. By identifying their wishes and concerns she can educate, guide, and counsel on the different tools and options that will effectively and efficiently accomplish those goals.
Stephanie Thompson, Estate Planning Attorney of Krueger Hernandez & Thompson SC
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MIDDLETON

8215 Greenway Blvd, Ste. 590
Middleton, WI 53562
United States (US)
Phone: (608) 824-9540
Fax: (608) 824-9140

BARABOO

120 Third Street, Unit A
Baraboo, WI 53913
United States (US)
Phone: (608) 356-3961
Fax: 608-824-9140

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