Wyoming Probate, Trusts, and Estate Planning

Wyoming Probate, Trust, and Estate Planning Attorneys

Are your assets tied up in complicated financial instruments?
Wondering whether you should draft a will or a trust?
Are you a beneficiary and feel like you are being cheated?

Reach out to the probate and estate lawyers in our Burg Simpson Wyoming at 307-527-7891 or fill out our Free Case Evaluation Form so we can represent you when drafting your will or addressing an estate dispute.

Our Probate, Trusts, and Estate Planning Lawyers Can Handle Legal Issues such as:

Will and trust validity
Will and trust contests
Beneficiary disputes
Contested heirship
Mental capacity and undue influence
Guardianship disputes
Contested powers of attorney
Creditor claims
Breach of fiduciary duty and investment claims
Basics of Estate Planning and Probate

Wyoming Probate, Trusts, and Estate Planning Attorneys

Legally speaking, probate is nothing more than the act or process of proving a will. Of course, the reality is more complicated than that and involves a court, a judge, and lawyers. There are three different types of probate in Wyoming, including:

  • Informal Probate: Most of the state’s probate proceedings fall into this category. Estates that do not have any disputes among heirs or creditors can typically be resolved this way.
  • Unsupervised Formal Probate: This court proceeding requires a judge to approve some of the executor’s actions, such as the sale of real property, asset distribution or settling attorney’s fees. This process is needed when there are disagreements among relevant parties.
  • Supervised Formal Probate: In more complicated – or hotly contested – estates, supervised formal probate is required. This simply means that the court must oversee and authorize every step of the probate process.

Estate planning, on the other hand, is the process of planning for and organizing the distribution of one’s assets upon death or permanent incapacitation. Additionally, such planning often takes place with an eye toward minimizing any tax implications and, if possible, avoiding probate altogether.

The most common financial instruments used in estate planning are:

  • Wills: This is the estate tool everyone’s heard of and the easiest for directing the distribution of an estate. It takes effect upon the testator’s death and must go through probate.
  • Trusts: Trusts are a lot like wills, but take effect as soon as it is signed and allows the estate to avoid probate, which is public and often costly.
  • Advance directives: These are additional documents used to communicate the wishes of the testator in the event of their incapacitation. These can include a healthcare proxy, durable power of attorney, and a living will.

The team in our Burg Simpson Wyoming office is recognized by US News and World Report as among the best law firms in America for this type of work with an excellent reputation when it comes to fighting for our clients’ best interests. Managing conflict in estate and probate disputes is what we do best, including those between family members and involving third parties, such as banks and other corporations. We represent clients in trust and estate litigation matters in and out of the courtroom including civil and appeals courts.

Burg Simpson’s Wyoming living trust lawyers represent beneficiaries and fiduciaries involved in the administration of a trust or the probate of an estate, especially those that are disputed or involving substantial amounts of money. Contact us today by calling 307-527-7891 or by filling out a Free Case Evaluation Form right now.

How Does Wyoming Handle Your Estate?

In Wyoming, not every estate has to go through probate. Generally speaking, if an estate’s value is less than $200,000, it is classified as a “small estate”, and can avoid probate altogether.

Among larger estates, there are certain types of assets that are exempt from probate, as well. Instead, these assets transfer upon the owner’s death automatically. These can include:

  • Joint tenancy assets: These are assets tied to two parties so that when one joint tenant dies, the survivor immediately assumes ownership. This is referred to as the “right of survivorship”.
  • Beneficiary designations: Retirement accounts and life insurance policies include provisions for named beneficiaries. Upon the policy owner’s death, these beneficiaries are entitled to the account’s assets or policy proceeds.
  • Payable on death accounts: Bank accounts provide for designated beneficiaries, too, which allows the transfer of assets upon the account holder’s death.

There is so much more to planning for your loved ones than buying a life insurance policy. Do not put your family’s financial security at risk. Speak with a Burg Simpson Wyoming trust and estate attorney by calling 307-527-7891 today.

Burg Simpson Wyoming Can Help Secure Your Future

If you are struggling to get your estate plan organized or if you are caught up in a dispute involving a loved one’s estate and you believe your rights have been violated, a Burg Simpson estate attorney can help. Get in touch with our Wyoming attorneys as soon as possible at 307-527-7891 today or fill out our Free Case Evaluation Form HERE.

 September 25, 2020

Burg Simpson Features: Shareholder Paul D. Friedman

Paul D. Friedman is the managing shareholder of Burg Simpson’s Phoenix, Arizona office. Mr. Friedman practices in the areas of significant personal injury, wrongful death, ethics, and professional malpractice. Mr. Friedman is admitted to practice in the Supreme Court of Arizona, the United States District Court of Arizona, U.S. Court of Appeals for the Ninth… Read more »

 September 24, 2020

Burg Simpson is Proud to Support the Rocky Mountain Children’s Law Center

The Rocky Mountain Children’s Law Center (RMCLC) was founded in 1981 and its mission is to advocate for children and youth. The organization seeks to drive systemic reform, and boldly challenge the status quo so that every young person who has experienced trauma or instability has the opportunity to thrive. But the RMCLC goes far… Read more »

 September 22, 2020

5280 Magazine Recognizes Denver’s Top Lawyers of 2021

5280 Magazine announced its list of Denver’s Top Lawyers for 2021. This is the sixth annual list of the best attorneys in the region. The publication first invited attorneys in the seven-county metro area to vote for the peers they respect most in 50 specialties. Survey responses in hand, 5280 then performed weeks of investigation… Read more »

 September 21, 2020

Join Us in Supporting Craig Hospital’s Pedal 4 Possible Fundraiser!

Pedal for Possible an annual charity bike ride held to benefit Craig Hospital’s patients and programs. This year’s Pedal 4 Possible has gone virtual, so we invite you to ride, roll, run, or recreate to help Craig Hospital patients! There is no limit to what is possible for the 2020 virtual event! All the money… Read more »

VIDEO: Michael Burg Interviewed on Ring of Fire TV

 April 1, 2013

VIDEO: Michael Burg Interviewed on Ring of Fire TV

Burg Simpson’s Michael S. Burg is one of America’s leading lawyers when it comes to representing individuals injured by dangerous and defective medications. In this interview Michael talks to Ring of Fire T.V. host Mike Papantonio about immunity afforded to the makers of generic pharmaceutical drugs and the role of the FDA.

Top 100 National Trial Lawyers Legal 500 Best Lawyers in America Super Lawyers US News 2020 Top 25 Most Influential Lawyers