Wills, Trusts & Probate Law Blog

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Pros and Cons of Probate in Estate Planning

Pros and Cons of Probate in Estate Planning

POSTED ON: May 20, 2024 BY: Troy Werner
The process averages six to nine months to complete. However, it may take up to two years or more for some complex estates, tying up the assets that your family may need immediately.
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Should You Include Psychiatric Advance Directives in Estate Plan as You Age?

Should You Include Psychiatric Advance Directives in Estate Plan as You Age?

POSTED ON: May 17, 2024 BY: Troy Werner
Comprehensive estate planning today includes elder law and other strategies that help protect your assets and interests if you experience cognitive decline or incapacity. Have you thought about protecting your mental health and care if you can't advocate for yourself? This article explores psychiatric advance directives (PADs), their purpose and how to establish one.
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Preserving Your Legacy: Estate Planning for Landowners

Preserving Your Legacy: Estate Planning for Landowners

POSTED ON: May 16, 2024 BY: Troy Werner
As a landowner, planning for the future and ensuring that your property is preserved and passed down to future generations is essential. This article explores how estate planning can help landowners safeguard their legacy and ensure continuity for their family farm or ranch.
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Business Owners and Estate Planning: Special Concerns

Business Owners and Estate Planning: Special Concerns

POSTED ON: May 15, 2024 BY: Troy Werner
For most business owners, the business is the most valuable item on their balance sheet.
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How Younger Adults Take Charge of Estate Planning

How Younger Adults Take Charge of Estate Planning

POSTED ON: May 14, 2024 BY: Troy Werner
Conventional wisdom casts trusts, wills and estate plans as the exclusive domain of the ultra-rich. Supporting this notion, data reveals that two-thirds of Americans lack an estate plan, a figure that climbs higher to 80% among Gen-Zs.
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Select Why Estate Planning for Veterans and Active Military Is Important and What Documents are Essential Why Estate Planning for Veterans and Active Military Is Important and What Documents are Essential

Why Estate Planning for Veterans and Active Military Is Important and What Documents Are Essential

POSTED ON: May 13, 2024 BY: Troy Werner
This article explores the importance of estate planning for veterans and active military personnel and the essential documents to include in your estate plan.
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What Estate Planning Documents do I Need?

What Estate Planning Documents Do I Need?

POSTED ON: May 10, 2024 BY: Troy Werner
Incapacity can happen to anyone at any time, but your risk generally increases as you grow older. Consider what would happen if, for example, you were unable to make decisions or conduct your own affairs.
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What Is the Primary Purpose of a Revocable Trust?

What Is the Primary Purpose of a Revocable Trust?

POSTED ON: May 9, 2024 BY: Troy Werner
Revocable trusts are much more common than irrevocable trusts because they provide many important estate planning benefits.
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Estate Planning and Long-Term Care: How can Seniors Afford Skilled Nursing in Their Senior Years

Estate Planning and Long-Term Care: How can Seniors Afford Skilled Nursing in Their Senior Years

POSTED ON: May 8, 2024 BY: Troy Werner
High healthcare costs often do not align with the fixed income of older individuals, raising concerns about affordability and accessibility. We explore the need for long-term care, why Medicare and Medicaid are not long-term options, and estate planning to plan for skilled nursing care proactively.
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An Estate Plan Question How Do My Heirs Receive Their Money?

An Estate Plan Question: How Do My Heirs Receive Their Money?

POSTED ON: May 7, 2024 BY: Troy Werner
This article explores trusts, distribution methods, and how a trust can make it easier or harder for heirs to receive the money.
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