Wyoming Probate, Trusts & Estate Planning

Wyoming Probate, Trusts & 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’re being cheated?

Reach out to the wills and estates 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, Trust, 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 & 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 don’t 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 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’s signed and allow 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 Wyoming’s 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’s so much more to planning for your loved ones than buying a life insurance policy. Don’t 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’re struggling to get your estate plan organized or if you’re 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.

Burg Simpson Scholarship Competition Winners Honored at Annual Dinner

 April 24, 2018

Burg Simpson Scholarship Competition Winners Honored at Annual Dinner

Our 2017-2018 Burg Simpson Scholarship Competition recipients were honored this past Thursday at our annual Scholarship Banquet. This year’s winners included: Elise Hegarty (Faith Christian Academy) Diana Barila (Longmont High School) Kelly Franson (D’Evelyn Jr./Sr. High School) Emilio D. Gómez (Regis Jesuit High School) Lucy Kane (Valor Christian High School) Andra Metcalfe (Mountain Vista High… Read more »

Burg Simpson Shareholder Mari K. Perczak Set to Speak at Construction Law Event

 April 19, 2018

Burg Simpson Shareholder Mari K. Perczak Set to Speak at Construction Law Event

Burg Simpson Shareholder Mari K. Perczak will be a featured panelist at a one-day Construction Law conference on April 30 at the Embassy Suites Denver. View the Construction Law event brochure here for information and scheduling. The continuing education event, sponsored by CLE International, is targeted at a variety of construction professionals, including attorneys, owners, contractors,… Read more »

Burg Simpson Beats Big Banks Again

 April 17, 2018

Burg Simpson Beats Big Banks Again

National trial firm Burg Simpson, known for its role in holding big banks accountable for their bad acts in the mortgage-backed securities and collateralized debt obligation collapse of 2007-2008 where $7 trillion in worldwide wealth was lost, has prevailed against a big bank yet again. This time it was against UBS, in a FINRA securities… Read more »

Martindale-Hubbell Honors Nick D. Fogel

 April 16, 2018

Martindale-Hubbell Honors Nick D. Fogel

Industry awards are nice, but few mean as much as accolades from your own peers. That’s what shareholder Nick D. Fogel earned as he became the latest Burg Simpson attorney to receive a Martindale-Hubbell AV Preeminent Peer Review Rating, “awarded to only those lawyers with the highest ethical standards and professional ability.” Only about 10… Read more »

Business Law – Corporate Attorney– Wyoming Burg Simpson

 March 7, 2018

Will Your Business Make it to the Next Generation?

Small businesses, family-owned businesses in particular, have long been the backbone of the American economy, accounting for more than two-thirds of U.S. gross domestic product while making up more than a third of the Fortune 500. As a result, these businesses employ more than half of American workers. Given how vital these businesses are to… Read more »

What to do After a Car Accident? – Personal Injury Settlements – Wyoming Burg Simpson

 February 20, 2018

You’ve Been In A Car Accident. Now What?

Motor vehicle accidents are an everyday part of life. In 2016, the most recent year for which data is available, drivers were involved in nearly 14,000 auto accidents in Wyoming – 100 of them were fatal. The most frequent auto accidents included: Moving vehicles accidents. Animal crashes. Fixed-object collisions. Non-collision incidents. Anyone involved in a… Read more »

Rights as a Landlord – Business Law – Wyoming Burg Simpson

 February 13, 2018

What Are Your Rights as a Landlord in Wyoming?

Since the housing market bubble burst in 2008, American homeowners have lost more than 15 million houses to foreclosure, driving residents to the rental market. In fact, homeownership hit a 50-year low in 2016, according to Zillow, an online real estate database company. While the national rental market started to cool last year, Wyoming continues… Read more »

Broken Med Mal Statute – Medical Malpractice Lawsuit – Wyoming Burg Simpson

 February 6, 2018

Wyoming Lawmakers Still Haven’t Fixed The State’s Broken Med Mal Statute

In November 2014, the Supreme Court of Wyoming ruled on what appeared to be a run-of-the-mill medical malpractice lawsuit. What began as a simple question over the statute of limitations for filing such an action would generate a reply that would upend not one, but two, state laws. Strictly speaking, Wyoming law establishes a two-year… 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.

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