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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.

Who Owns the Property in a Life Estate? - Werner Law Firm

Who Owns the Property in a Life Estate?

POSTED ON: July 7, 2020 BY: Troy Werner
The hallmark of a life estate is the duration of ownership rights for each who owns the property in a life estate, as well as what those rights are. – A life estate is a form of property ownership that exists to transfer property from one person to another, without burdening that person with the […]
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What Happens to Assets Left Out of a Living Trust? - Werner Law Firm

What Happens to Assets Left Out of a Living Trust?

POSTED ON: June 22, 2020 BY: Troy Werner
A living trust is a unique estate planning tool because it effectively transfers ownership over specified assets and property to someone else through a third party, while giving the original owner a varying degree of control while the assets remain in the third party’s care. This is important in the context of estate planning at […]
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Before Declaring Bankruptcy, Read This - Werner Law Firm

Before Declaring Bankruptcy, Read This

POSTED ON: June 18, 2020 BY: Troy Werner
The process for declaring bankruptcy is a critically important element of our financial system. Giving businesses and people the ability to discharge debts under certain circumstances breathes fresh life into them and earn a second chance in our system. When it comes to financial success, taking risks and hoping for the best is part of […]
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Estate Plan Updates to Make Pre, During and Post-Divorce - Werner Law Firm

Estate Plan Updates to Make Pre, During and Post-Divorce

POSTED ON: June 15, 2020 BY: Troy Werner
Regardless of the outcome, divorce is an arduous process. Even when both individuals end up on amicable terms, the emotional and financial repercussions of divorce are often immense. Given the sensitive nature of the process, it makes sense that something as inconsequential as estate planning is the furthest thing from most people's minds. However, estate […]
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Preparing Your Last Will and Testament, Protecting Your Child's Best Interests - Werner Law Firm

Preparing Your Last Will and Testament, Protecting Your Child's Best Interests

POSTED ON: June 8, 2020 BY: Troy Werner
It is not common for people to prepare for their deaths. Only an estimated 32 percent of Americans have a will in 2020, down from 42 percent in 2017. And over half of all Americans over the age of 55 have no estate planning documents whatsoever. That is entirely understandable. We do not want to […]
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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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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.

Our goal is to make your case as easy as possible for you. Hiring a lawyer can be a daunting task, but it doesn’t have to be. From the moment you contact our firm, through the final resolution of your case, our goal is to make the process easy and understandable. We cannot change the fact that probate is a long and complicated process, but through our Werner Law Firm Difference, we strive to go out of our way to keep you informed of your case through every step of the way. We are constantly refining our processes and procedures for a more streamlined and calm client experience. Our goal is to have you feel like a burden was lifted from your shoulders, and that we made the whole process an easy one

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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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