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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.

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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10 Questions to Ask Your Potential Bankruptcy Lawyer - Werner Law Firm

10 Questions to Ask Your Potential Bankruptcy Lawyer

POSTED ON: February 27, 2020 BY: Troy Werner
When shopping around for an experienced legal professional to represent you on a matter as sensitive and exigent as your own bankruptcy, it’s critical to pick the right partner. As part of that, you will want to make sure you are prepared for a rigorous screening process. Filing for bankruptcy is no simple matter, and […]
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Revocable vs Irrevocable Trust: What's the Difference? - Werner Law Firm

Revocable vs Irrevocable Trust: What's the Difference?

POSTED ON: February 24, 2020 BY: Troy Werner
A trust can be an excellent estate planning tool, passing assets to loved ones while avoiding the probate process, and potentially eliminating the need to pay an estate tax (when implemented correctly). But there is far more nuance to a trust than most might guess, and there is far more to implementing a revocable vs […]
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What Happens to Unpaid Bills in a Probate Matter? - Werner Law Firm

What Happens to Unpaid Bills in a Probate Matter?

POSTED ON: February 21, 2020 BY: Troy Werner
Death can come suddenly and unexpectedly, and it is rare to be prepared for it. As a matter of fact, nearly half of all Americans over the age of 55 do not have a will, and only 18 percent of Americans above age 55 have an established estate plan (with more than just a will). […]
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5 Estate Planning Steps for New Parents - Werner Law Firm

5 Estate Planning Steps for New Parents

POSTED ON: February 17, 2020 BY: Troy Werner
It is incredibly stressful to be a new parent. Parenting is not something that anyone can be adequately prepared for. No matter how long you have thought about it and how much you have read about it. But between weathering the many sleepless nights and stressing endlessly over baby products, and the many challenges of […]
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Breach of Fiduciary Duty Must-Knows and How to Avoid It - Werner Law Firm

Breach of Fiduciary Duty Must-Knows and How to Avoid It

POSTED ON: February 12, 2020 BY: Troy Werner
The law is a rather precise thing – especially contract law. There is a reason lawyers stress the importance of pouring over the bylaws and the fine print. When sitting down to pen an agreement between two parties, every little detail counts. Conduct needs to be discussed twice and thrice over, conditions need to be […]
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Estate Planning: Different Types of Trusts - Werner Law Firm

Different Types of Trusts

POSTED ON: February 5, 2020 BY: Troy Werner
In estate planning terms, a trust is both an agreement and an entity, created for the purpose of holding assets and accounts ‘in trust’ until they are ready to be distributed to designated beneficiaries. Trusts must be ‘funded’, which involves amending the assets mentioned within the trust document to reflect that they are now part […]
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2020 Estate Planning Documents Checklist - Werner Law Firm

2020 Estate Planning Documents Checklist

POSTED ON: January 29, 2020 BY: Troy Werner
As we deal with this crisis, it is as good a moment as ever to take stock of your current estate planning documents. If you do not have an estate plan, then this is the time for you to set one up. Despite the term, estate plans are not just all about your estate. More […]
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What Is the SECURE Act, How Could It Affect Your Retirement? - Werner Law Firm

What Is the SECURE Act, How Could It Affect Your Retirement?

POSTED ON: January 27, 2020 BY: Troy Werner
The Setting Every Community Up for Retirement Enhancement (SECURE) Act, signed into law by President Donald Trump earlier last December, features a series of provisions designed largely to help Americans prepare for retirement. As the pension vanishes, more Americans turn towards partially self-sufficient means of preparing for retirement, such as the IRA and the employer-provided […]
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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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