‘A Fool Go With Thy Soul, Whither it Goes’
The possible scenarios are endless: a husband who never tells his wife about the child he fathered out of wedlock years ago and then dies without a will, setting up litigation between the widow and the child over the estate. Two elderly bachelor farmers co-owning a house (and very little else in the way of assets) but not realizing their co-ownership does not include rights of survival (in Wisconsin, the right of survival is only automatic between spouses) so that when one of them dies, the other loses half the house and his own standard of living in the process. An owner of a going business worth several million dollars who refuses to pay a lawyer to prepare her estate plan but leaves her children a piece of paper telling them to “work it out among ...