WYOMING ESTATE PLANNING AND PROBATE ATTORNEYS
Creating an estate plan may not top your list of enjoyable things to do in 2021, but once you’ve completed this important process, the sense of relief and peace of mind can be immensely enjoyable. Proper estate planning can ensure that your best interests are protected if you become incapacitated, that your loved ones are provided for, and that your wishes are carried out upon your passing.
A well-drafted estate plan can also protect most or all of your assets from the lengthy and expensive process of probate, as well as from unnecessary taxation.
Who Can Benefit From an Estate Plan?
It’s a common misconception that estate plans are only for the rich. The truth is, even individuals with modest income and assets can derive immense benefit from estate planning; if your assets are minimal, it makes even more sense to reduce or eliminate the costs to you and your loved ones.
Furthermore, an estate plan can be used to name the person or persons who will make health care and/or financial decisions on your behalf if you become unable to do so on your own. Failure to name a trusted individual for this role means that the court will appoint someone for you. Contact a Wyoming estate planning lawyer today to determine how to proceed.
Wills are legal documents that establish how an individual’s property should be distributed upon death. In addition to these instructions, the creator of the will names an individual (executor) to oversee and manage the process of asset distribution. Dying without a will, which is referred to as intestacy, means that the your assets will be divided according to Wyoming’s Intestacy laws. Obviously, it’s in your best interest to create a will during your lifetime to ensure that your assets are distributed according to your wishes.
What is Power of Attorney?
If you become incapacitated during your lifetime, someone will have to make financial and health care decisions on your behalf. By naming a power of attorney, you can choose who this person or people will be. Knowing that the individual managing your bank account, filing your taxes, and making decisions about your health care is someone you know and trust brings invaluable peace of mind. Don’t let the court appoint someone on your behalf. A skilled lawyer can help you appoint a trusted, competent power of attorney who will ensure that your rights and best interests are protected if illness or disability renders you unable to make decisions on your own.
Contact Wyoming Legal Group Today
If you would like to preserve your estate and ensure that your rights are protected both during your lifetime and after, it is in your best interest to consult with an estate planning attorney today. The skilled and knowledgeable lawyers at Wyoming Legal Group have helped countless individuals and families navigate this complex process in a manner that aligns with their unique goals and objectives. Don’t wait another day. Contact us today at 307-459-6700 for a confidential consultation about your case.