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

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.

Ronald M. Sandgrund Tackles Dangerous Activity in Latest Colorado Lawyer

 February 7, 2018

Ronald M. Sandgrund Tackles Dangerous Activity in Latest Colorado Lawyer

Who’s to say what’s “inherently dangerous” as opposed to “ultra hazardous?” Is it a question of law or a question of fact, best left for a jury to decide? Those are just a couple of the questions Burg Simpson’s Ronald M. Sandgrund raises in a feature in the latest issue of Colorado Lawyer magazine. Sandgrund… Read more »

Michael S. Burg Presents at 2018 Trial Lawyers Summit

 February 5, 2018

Michael S. Burg Presents at 2018 Trial Lawyers Summit

The Trial Lawyers Summit is an annual gathering of the nation’s trial lawyers, where they gather to exchange ideas and develop professional relationships. That’s why Burg Simpson shareholders frequently attend. In addition to signing copies of his book, “Trial by Fire: One Man’s Battle to End Corporate Greed and Save Lives,” Michael S. Burg spoke… Read more »

Tom W. Henderson Breaks Down Insurance Policy Details

 January 18, 2018

Tom W. Henderson Breaks Down Insurance Policy Details

The latest component in Burg Simpson’s ongoing professional education initiative is set for next week. Shareholder Tom W. Henderson will conduct a 90-minute web seminar, “Advising Your Business Clients on Insurance Policies,” at 9 a.m. MST on Jan 18. Designed for Colorado corporate litigation attorneys, this CE course will cover: Defining Ambiguous Terms. Understanding the… Read more »

Burg Simpson Announces its New Website Launch

 January 17, 2018

Burg Simpson Announces its New Website Launch

Burg Simpson is proud to announce the launch of a more comprehensive website that incorporates the firm’s office locations into a single site. The new Burg Simpson website, which has since focused on Colorado’s practice areas, now encompasses information for its Arizona, Ohio, and Wyoming offices all in one place, along with their practice areas,… 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.

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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