Friday, January 6, 2012

How can I cash a check that’s made out to the estate of my deceased family member?

In Wisconsin, the answer to this question depends on the total value of all assets that were titled solely in the name of your family member that did not pass to beneficiaries by virtue of beneficiary designations or transfer on death designations. If the total value of these assets is greater than $50,000, then you will need to initiate a probate proceeding. If the total value of these assets is less than $50,000, then Wisconsin law provides that the assets can be transferred by virtue of a “Transfer by Affidavit”. Either way, you should speak with a Wisconsin probate attorney to ensure that all assets of your family member are transferred pursuant to Wisconsin law.