Estate Planning Lawyer in Gillette
Putting an estate plan in place can give you immeasurable peace of mind, knowing you have provided for your family's future. We never really know what life will bring, but death is inevitable for everyone. Estate planning can help ensure your loved ones are financially protected in case something should happen to you.
Our estate planning lawyers are well-versed in state and federal laws. We have the knowledge and skills to provide sound legal advice and expertly draft documents to provide for your family and help protect your assets from taxation and a lengthy probate process. Even if your assets are modest, we can help reduce costs to you and your loved ones.
Estate plans are not only for the wealthy. People with families, average working people, small and large business owners, executives, and professionals can take advantage of our services. Even if your assets are minimal, you and your loved ones could benefit from estate planning. Retaining the services of an experienced estate planning lawyer can help you:
- Gain peace of mind, knowing you have provided for your family
- Protect your assets
- Minimize taxes so more of your wealth goes to the next generation
- Ensure your assets are distributed where you want them to go
- Name the person or persons who will make health care and/or financial decisions on your behalf if you are unable to do so
Depending on your financial and family circumstances, our Gillette estate planning lawyers can work with you to help:
- Plan for the future
- Ensure a smooth, efficient transfer of assets
- Prevent family disputes arising from death or incapacity of a family member
- Minimize federal estate and gift taxes
- Address issues with continuation of a family business
Documents needed for your estate plan will depend on the type and extent of your assets, your family situation, and other circumstances. Documents in your estate plan may include:
- Will: This legal document establishes how your property should be distributed upon your death. You name an executor to manage and oversee the distribution of your assets. Without a will, your property is distributed according to Wyoming law. With a will, you can ensure your assets will be divided according to your wishes.
- Durable General Power of Attorney: If you become incapacitated through illness or injury in your lifetime, someone will have to make health care and financial decisions on your behalf. A Durable General Power of Attorney is a document that allows you to name that person. Otherwise, the court will appoint someone to do it. With a power of attorney, you can choose someone you trust to manage your affairs if you are unable to do so.
- Trust: This is a legal vehicle that can expand your options for managing your assets, particularly if your goal is to shield wealth from taxes or pass it along to your children. A third party (trustee) is appointed to hold and direct assets on behalf of a beneficiary or beneficiaries.
Estate planning gives you control of what happens to your assets after your passing. It lets you decide who will make decisions on your behalf in case you become incapacitated. Seeking the services of a Gillette estate planning lawyer can help maximize the assets you pass on to your loved ones and help ensure a smooth transfer, particularly in cases where a beneficiary or non-beneficiary may contest the will.
Call Steven Titus & Associates, P.C. at (307) 257-7800 to schedule a free case strategy session. We can discuss your estate planning needs.
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