From the Attorney’s Desk by Jason Krautkramer, J.D. Eckert & Krautkramer, LLC 630 N 4th St., Wausau, WI 54403 eklawwi.com 715-842-0907 jason@eckertlawllc.com 168408 Establishing Ownership Structure Understanding your options for joint ownership is important. Once selected, the ownership structure needs to be reflected on the property deed. Under joint tenancy, each co-owner has an equal and undivided interest in the property. Upon the death of one owner, their share automatically passes to the surviving owner. Under tenants in common, each co-owner holds a certain share of the property, which can be equal or unequal. If the deed does not specify percentages, the co-owners are considered to have equal ownership. When one owner dies, their share passes according to their estate plan. Tenancy in common offers more flexibility, in particular for co-owners who are not spouses or close relatives, such as two families purchasing a second home together. Schedule an appointment today. From the Attorney’s Desk by Jason Krautkramer, J.D. Eckert & Krautkramer, LLC 630 N 4th St., Wausau, WI 54403 eklawwi.com 715-842-0907 jason@eckertlawllc.com 168408 Establishing Ownership Structure Understanding your options for joint ownership is important. Once selected, the ownership structure needs to be reflected on the property deed. Under joint tenancy, each co-owner has an equal and undivided interest in the property. Upon the death of one owner, their share automatically passes to the surviving owner. Under tenants in common, each co-owner holds a certain share of the property, which can be equal or unequal. If the deed does not specify percentages, the co-owners are considered to have equal ownership. When one owner dies, their share passes according to their estate plan. Tenancy in common offers more flexibility, in particular for co-owners who are not spouses or close relatives, such as two families purchasing a second home together. Schedule an appointment today.
The Zoning Board of Appeals granted a variance for the developer to reconfigure two non-conforming lots to make them easier to develop for affordable singlefamily residential homes. BRIAN WILSON/THE STAR NEWS
Jacob and Daniel Nagel were joined by members of The Chamber, the Gilman Development Foundation and representatives from the Wisconsin Economic Development Corporation to celebrate the ribbon cutting for Hickory Haven Apartments in Gilman. The owners renovated and converted the former nursing home facility into a mixedsize apartment complex with seven different styles of apartments ranging from a 600 square foot studio apartment to a 1,400 unit with three bedrooms and two baths. Pricing ranges from $900-1,400 with internet and water and sewer utilities included. BRIAN WILSON/THE STAR NEWS
Price County Administrator Paul Trimner explained his duties to members of the Taylor County ad hoc administrative committee on April 4. BRIAN WILSON/ THE STAR NEWS
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