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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.

Can You Support a Child with Special Needs?

Can You Support a Child with Special Needs?

POSTED ON: May 3, 2024 BY: Troy Werner
Families that include individuals with special needs require planning to secure their loved ones’ security in the future, both in legal and financial terms. There’s usually no expectation of the child becoming an independent adult, so careful planning is needed, as advised in the recent article “Financial Planning for Families with Disabilities” from Wealth Management. Many families neglect planning for their retirement, focusing all their resources on developing a plan for their disabled child. However, retirement and their child’s future need to be secured, which is where an estate planning attorney can help. In 2014, Congress created The Achieving a…
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Three Estate Planning Strategies You Might Not Know - but Should - SPATs, SLATs, and DAPTs

Three Estate Planning Strategies You Might Not Know - But Should - SPATs, SLATs, and DAPTs

POSTED ON: May 2, 2024 BY: Troy Werner
Learn about three types of trusts specifically for wealthy individuals to prepare for the 2026 estate tax exemption: Domestic Asset Protection Trust (DAPT), Special Power of Appointment Trust (SPAT), and Spousal Lifetime Access Trust (SLAT).
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For Business Owners: Unveiling Opportunities and Pitfalls of Business Trusts

For Business Owners: Unveiling Opportunities and Pitfalls of Business Trusts

POSTED ON: May 1, 2024 BY: Troy Werner
Similar in function to an individual or family trust that owns assets and property, a business trust holds business ownership rights and assets.
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How Parents and Adult Children Talk about Money and Aging

POSTED ON: April 30, 2024 BY: Troy Werner
It’s a conversation fraught with potential tension, in which people examine around concerns about independence, money, responsibility and mortality.
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Unraveling the Mystery of Trusts: What Your Estate Planning Attorney Wishes You Knew

Unraveling the Mystery of Trusts: What Your Estate Planning Attorney Wishes You Knew

POSTED ON: April 29, 2024 BY: Troy Werner
Understanding trusts and their tax nuances can empower you to make informed decisions regarding the type of trust you choose for your estate planning purposes.
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Unveiling Trust Dynamics: Insights on Avoiding Trouble with Your Trustee

Unveiling Trust Dynamics: Insights on Avoiding Trouble with Your Trustee

POSTED ON: April 26, 2024 BY: Troy Werner
Trusts are a smart and well-known estate planning tool that names or appoints a trustee to administer and distribute the assets according to the terms. However, how often do estate owners ask, “What if something goes wrong, and the trustee breaches their duties?”
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Why Estate Planning Is Essential for Small Business Owners

Have You Had the Estate Planning Talk with Your Adult Children?

POSTED ON: April 25, 2024 BY: Troy Werner
Estate planning can be a sensitive topic for families to talk about. Here's how to get past the awkwardness and discuss estate planning with your family.
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How Can I Minimize Taxes During Retirement?

How Can I Minimize Taxes During Retirement?

POSTED ON: April 24, 2024 BY: Troy Werner
Take time to consider the tax impact of your financial decisions and speak to a professional to make sure you don’t pay more than anticipated during your non-working years.
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Why Estate Planning Is Essential for Small Business Owners

Why Estate Planning Is Essential for Small Business Owners

POSTED ON: April 23, 2024 BY: Troy Werner
Your business, likely your most valuable asset, deserves careful consideration within your estate plan to ensure a smooth transition of ownership and management in the event of incapacity or death.
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Estate Planning Strategies to Care for Aging Parents

Estate Planning Strategies to Care for Aging Parents

POSTED ON: April 22, 2024 BY: Troy Werner
An estate plan with wealth preservation, long-term care and medical directives strategies provides clarity and guidance to loved ones on aging parents' wishes, while retaining control for aging parents over financial and health-related matters.
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Why Our Living Trust Law Firm & Estate Planning Attorneys?

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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 matter, our goal is to make the process easy and understandable. Through our Werner Law Firm Difference, 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

If you’re looking into taking care of your estate planning, we urge you to schedule a free initial appointment today and join the many satisfied clients who have contacted Werner Law Firm.

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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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