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Category: Estate Planning

Estate planning services refer to the process of managing and distributing one's assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.

How Do I Create End-of-Life Plan?

How Do I Create an End-of-Life Plan?

POSTED ON: May 23, 2024 BY: Troy Werner
Research shows that fewer than one-third of U.S. residents have advanced-care directives or detailed medical instructions in case they can’t communicate their own wishes.
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Will I Need to Pay Taxes on Inheritance?

Will I Need to Pay Taxes on Inheritance?

POSTED ON: May 22, 2024 BY: Troy Werner
Whether it’s the result of family drama or a failure to update a last will and testament, people sometimes find themselves left out of a loved one’s will.
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How to Plan for Beneficiaries with Disabilities

How to Plan for Beneficiaries with Disabilities

POSTED ON: May 21, 2024 BY: Troy Werner
Planning for disabled beneficiaries is important, not only for those beneficiaries with known disabilities but also for those who may be disabled at the time of the decedent’s death.
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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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