Welcome to our website. We invite you to watch our welcome video and learn more about what we do, who we are, and how we can help you create a positive legacy for your family, your commmunity, and your environment.
At Christenson and Allex, LLC, we empower our clients with the education they need to create a positive legacy. We review your situation, listen to your ideas, learn about your values, and determine how best to help you achieve a secure future. Contact us to begin creating your positive legacy.
Estate Planning and Settlement of Estates. We use several legal tools, such as Wills, Trusts and Powers of Attorney to meet your specific estate planning needs, and we can assist you with the probate process, whether you are an estate beneficiary or personal representative.
Elder Law and Special Needs Planning. We can assist you with Medicaid planning, special needs trusts and other legal services so that you can form a plan of care for aging family members or children who have special needs.
Nonprofit and Small Business Law. We provide a variety of services related to forming a non-profit organization or small business, such as business formation documents, partnership agreements, or education regarding Board of Directors and officer fiduciary duties.
Real Estate. We can help you prepare for buying or selling a home or condominium, represent you at closing, or assist you with the many issues that come up during or after a real estate transaction.
Question of the Month
Each month the attorneys at Christenson & Allex answer questions heard frequently from clients.
Question: What is the main difference between an Opt-Out Marital Property Agreement and an Opt-In Marital Property Agreement?
Answer: Under Wisconsin's marital property law, all property of spouses is presumed to be marital property except as classified otherwise (generally by gift or inheritance) or by marital property agreement. In the absence of a marital property agreement, only one-half of the marital property assets titled in the deceased spouse's name can be distributed under the spouse's will because the surviving spouse will already own one-half of such assets. With an Opt-Out Marital Property Agreement, a married couple chooses to use an ownership system other than the one provided in Wisconsin's Marital Property Law. For example, under an Opt-Out agreement, estate assets can be distributed based on ownership as established by title of the assets. Conversely, a married couple whose property has not been subject to the marital property law (e.g., one who moves in from out-of-state) may choose to make themselves subject to the law. An Opt-In Marital Property Agreement can be used to achieve significant estate and income tax advantages by classifying all property owned by the spouses as marital property.
Question: What is an Operating Agreement for a Limited Liability Company?
Answer: The Operating Agreement sets forth the internal governance of the LLC and the rights and obligations of the owners of the Company. In organizing a LLC, the members can design rules of control and conditions of ownership of membership interests. An Operating Agreement is similar to corporate by-laws or a partnership agreement. The rights of members to sell, encumber or assign their respective interests may be restricted by an Operating Agreement. Possible uses of Operating Agreements placing restrictions on the purchase or gifting of a member's interests, and/or providing a detailed set of rules regarding a member's rights and obligation when a member dies, becomes disabled or is subject to a divorce order. In addition, an Operating Agreement can provide a procedure for selling the interest or passing it on to heirs. This is an important aspect of the LLC to consider as it provides an opportunity for the LLC interest to be kept in the family.
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.