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Why Your Will Is Just One Part of an Estate Plan

Why Your Will Is Just One Part of an Estate Plan

POSTED ON: November 3, 2023 BY: The Werner Law Firm, PC
Those beneficiary forms you filled out years ago can supersede your other estate plans.
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How Does an Inheritance Trust Work?

How Does an Inheritance Trust Work?

POSTED ON: November 2, 2023 BY: The Werner Law Firm, PC
Inheritance trusts take on critical importance in wealth management, particularly for multi-generational families.
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What are Primary Testamentary Estate Planning Documents?

What are Primary Testamentary Estate Planning Documents?

POSTED ON: November 1, 2023 BY: The Werner Law Firm, PC
When someone dies, one of the first questions the attorney will ask is what primary estate planning instrument the decedent had in place.
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Who Received Betty White’s Estate?

Who Received Betty White’s Estate?

POSTED ON: October 31, 2023 BY: The Werner Law Firm, PC
However, [Betty White] did have pets of her own and it's believed she had set up a pet trust to ensure that her pets were well taken care of after her death.
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Should You Rethink Your Trust?

Should You Rethink Your Trust?

POSTED ON: October 30, 2023 BY: The Werner Law Firm, PC
While this is an admirable goal, a trust may not be the only way to avoid probate.
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Do I Have to Pay Taxes on Trusts?

Do I Have to Pay Taxes on Trusts?

POSTED ON: October 27, 2023 BY: The Werner Law Firm, PC
Trust distributions might be taxable, with the tax liability potentially varying based on factors, such as the type of trust, the kind of distributions and a beneficiary’s tax bracket.
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What Happens When the Second Parent Passes?

What Happens When the Second Parent Passes?

POSTED ON: October 26, 2023 BY: The Werner Law Firm, PC
However, settling the second spouse's affairs was more complex, even with advance planning. Everything from wills to banking to tax returns became more complicated.
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Estate Planning and Tax Planning for Business Owners

Estate Planning and Tax Planning for Business Owners

POSTED ON: October 25, 2023 BY: The Werner Law Firm, PC
This article will explore key considerations and actionable insights for business owners to reduce their tax burden, protect their assets and facilitate a smooth wealth transition.
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What’s Most Important in Estate Planning?

What’s Most Important in Estate Planning?

POSTED ON: October 24, 2023 BY: The Werner Law Firm, PC
In the next decade, 15% of American adults expect to receive an inheritance, according to the latest findings from the New York Life Wealth Watch survey. However, they’re not all confident they’ll be able to manage the funds. On average, adults who expect to receive an inheritance anticipate receiving $740,000. However, just 42% feel very comfortable handling that new wealth.
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Where Should I Store My Will?

Where Should I Store My Will?

POSTED ON: October 23, 2023 BY: The Werner Law Firm, PC
Aretha Franklin did what she was supposed to in drawing up a last will and testament, but a crucial mistake left her multimillion-dollar estate in chaos.
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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship! See full disclaimer here.