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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.

No, Estate Planning Is Not Just for the Rich - Werner Law Firm

No, Estate Planning Is Not Just for the Rich

POSTED ON: May 29, 2020 BY: Troy Werner
In the minds of most people, estate planning is an exclusive luxury to the wealthy, built by expensive lawyers explicitly to minimize the cost of generational wealth transfer. But this common belief misunderstands the purpose and usefulness of estate planning in general, as well as its applicability to the average middle-class American family. To explain […]
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Raising Financially Literate Kids: Transferring Knowledge Before Wealth - Werner Law Firm

Raising Financially Literate Kids: Transferring Knowledge Before Wealth

POSTED ON: May 19, 2020 BY: Troy Werner
One third of Americans who receive an inheritance spend all of it within two years. Research shows a significant number of young adults are either financially precarious (32 percent) or financially-at-risk (36 percent). In fact, the average American becomes financially literate at age 28. Are kids and young adults generally to blame for this? No, […]
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Role and Responsibilities of a Bankruptcy Trustee - Werner Law Firm

Role and Responsibilities of a Bankruptcy Trustee

POSTED ON: May 15, 2020 BY: Troy Werner
If you have heard of trusts, then you’ve heard of trustees. The role of a trustee in a trust is act as a fiduciary to the trust’s beneficiary, and to manage the trust in their best interest. In a bankruptcy case, the bankruptcy trustee has a similar task – only their fiduciary duty is to […]
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Crisis Planning From Home: Protecting Your Family, Finances During COVID-19 - Werner Law Firm

Crisis Planning From Home: Protecting Your Family, Finances During COVID-19

POSTED ON: May 8, 2020 BY: Troy Werner
The COVID-19 crisis continues to place a heavy burden on countless households throughout the country. To reduce its growth and spread, governments have implemented social distancing and lockdown rules. By slowing the infection rate, an encumbered healthcare system could treat those in critical condition while helping mitigate casualties. But these measures have had an additional […]
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What Is an Asset Protection Trust? - Werner Law Firm

What Is an Asset Protection Trust?

POSTED ON: April 27, 2020 BY: Troy Werner
Trusts are a very versatile tool in estate planning. They can be deployed to avoid the probate process, keep an estate’s total value within the federal estate tax exemption, and protect a child’s inheritance from their spending habits. Trusts are more complex and offer a greater array of possibilities than other estate planning tools, such […]
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Living Wills and Health Care Proxy Planning, Amid COVID-19 Crisis - Werner Law Firm

Living Wills and Health Care Proxy Planning, Amid COVID-19 Crisis

POSTED ON: April 21, 2020 BY: Troy Werner
As COVID-19 looms, ensure loved ones understand your health care proxy wishes. The U.S. is currently on the frontlines in the fight against the coronavirus, experiencing the heaviest losses in the world. It’s impossible to predict what kind of long-term impact this virus will have, both in terms of its effects on our society and […]
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Tips for Storing Legal Documents in a Safe, Accessible Location - Werner Law Firm

Tips for Storing Legal Documents in a Safe, Accessible Location

POSTED ON: April 13, 2020 BY: Troy Werner
You have gone through the steps, talked things through with an estate planning professional, and have signed off on the final draft of your living trust. You have registered it at your local notary, amended the paperwork on all relevant possessions to reflect your new trust, and are working closely with your trustee to make […]
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Estate Planning in a Coronavirus World: What Steps to Take Now? - Werner Law Firm

Estate Planning in a Coronavirus World: What Steps to Take Now?

POSTED ON: April 5, 2020 BY: Troy Werner
The novel coronavirus, and its disease COVID-19, has led to over 700,000 infections over the course of three months, with experts forecasting that things are likely to get worse until they get better. With no clear timeline for a resolution in sight, public health officials, virologists, and epidemiologists are counting on 12 to 18 months […]
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Different Types of Wills - Werner Law Firm

Different Types of Wills

POSTED ON: March 21, 2020 BY: Troy Werner
There are many types of wills that address differing circumstances. While most wills have similar basic requirements, each type of testament serves a specific purpose. A will is a document that reflects your last and final will regarding your belongings, as well as your current dependents. Through a last will and testament, you should aim […]
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IRS Form 1041: Estates and Trusts That Must File - Werner Law Firm

IRS Form 1041: Estates and Trusts That Must File

POSTED ON: March 2, 2020 BY: Troy Werner
Playwright Christopher Bullock once wrote that nothing is certain, save death and taxes. Sometimes, the two coincide, leaving behind a somewhat complicated situation. If you are not familiar with tax law, then sorting through its intricacies can be difficult. In the event of a loved one’s passing, you, or someone close to your loved one […]
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Whether you need help creating a living trust or navigating probate, our living trust law firm's compassionate team of estate planning lawyers and probate lawyers are here to help you and ready to answer your questions.

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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.
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