New Year, New Peace of Mind

A new year always brings a fresh perspective- a time for resolutions, financial checkups, and planning for the long year ahead. As your estate planning partner, Lubnau Law believes that there is no better resolution you can make than securing true peace of mind for yourself and your loved ones.

Here is why 2026 is the year to put estate planning at the top of your to-do list.

Tax Law Update: What the New Year Means for Your Wealth

Starting January 1, 2026, the high federal Estate and Gift Tax exemption, which was previously scheduled to drop drastically, has been officially raised and made permanent at a new level of $15 million per individual.

For some Wyoming families, this is excellent news, providing greater certainty and a larger window of tax-free wealth transfer.

• The opportunity: If you own a ranch, a business, or have significant real estate holdings in Wyoming, the increased exemption may require a complete re-evaluation of your existing trust structures.

• The bottom line: While federal estate taxes are less of a worry for most, the new stability means we can create permanent and effective strategies right now to protect your assets from future taxes and court fees.

Your 3-Step Estate Planning Resolution

Estate planning doesn’t have to be a complicated, year-long project. We recommend three simple New Year’s resolutions you can accomplish right now:

1.       Review Your Beneficiary Forms

Did you know that a Will or Trust does not control who inherits your retirement accounts (like a 401(k) or IRA) or life insurance policies? These assets pass directly to the person named on the beneficiary form.

Action: take an hour to log in to your financial accounts and confirm the names and percentages match your current wishes.

2.       Update your ‘Living’ Documents

Estate planning isn’t just about what happens after you pass; it’s about protecting you during your lifetime.

Action: Ensure you have an up-to-date Durable Power of Attorney (for property and financial decisions) and a Healthcare Power of Attorney/Living Will (for medical decisions). These documents are essential for avoiding costly and emotionally draining court proceedings if you ever become incapacitated. This ensures that the right people are making your decisions.

3.       Formalize Your Wyoming Legacy

If you haven’t yet put a plan in place, 2026 is the time to ensure your assets- from your home to your mineral rights- pass efficiently and privately. A proper plan can help your family avoid the Wyoming Probate process and the related costs and delays.

The peace of mind that comes from a properly executed estate plan is invaluable. It’s a gift you give to your family that tells them, “I’ve taken care of everything.”

Ready to mark this new year’s resolution off your list? Contact Lubnau Law today: (307) 682-1313.