When it comes to estate planning, many people are tempted by the allure of low-cost, do-it-yourself solutions. At Lubnau Law, we call these "fast-food" documents. While it's understandable to want to save money, opting for a cheap estate plan can often lead to significant problems down the road and huge costs for you and your estate.

Trustee Training will help you start a conversation with your loved ones and provide the necessary resources for that conversation. It will also teach your loved ones to carry out your wishes, what their responsibilities are, what tools they have, and what triggers and risks they should be watching for.

Property Powers of Attorney are very helpful tools in estate planning. If you lose the capacity to make decisions for yourself, or even immediately if you choose, you can name someone to step in and make financial decisions for you. In many cases, this can prevent the need to appoint a Conservator.

It can feel overwhelming to embark on the journey of estate planning, but it doesn't have to. Many people are unsure of where to begin and delay the process indefinitely.

As of January 1, 2024, a significant number of businesses are now required to comply with the Corporate Transparency Act (“CTA"). The CTA was enacted as part of the National Defense Act for Fiscal Year 2021. The CTA requires the disclosure of the beneficial ownership information (otherwise known as “BOI”) of certain entities from people who own or control a company.

Lubnau Law is excited to announce that Tom Lubnau has been appointed to the Academy's Board of Governors.

The recent movie 𝘉𝘰𝘣 𝘔𝘢𝘳𝘭𝘦𝘺: 𝘖𝘯𝘦 𝘓𝘰𝘷𝘦, the life story of the Jamaican singer known for his unique reggae style, ended before addressing the chaotic 30-year probate process of sorting Mr. Marley’s assets amongst his blended family; his wife, as well as 11 children from 7 different women. The "No Woman, No Cry" and "One Love" singer lost his battle against cancer in 1981 at the age of 36, with an estimated worth of $30 Million.

Following divorce, we work with clients to review and update estate planning documents, retirement plans, insurance policies, and other documents to protect their assets, provide for loved ones, and ensure our client’s wishes are accurately reflected in their estate plan.

If you die in Wyoming with a Will, your Estate (assets and rights) is subject to a “Testate” Probate (Court directs how your Estate is settled). If you die without a Will, your estate will be an “Intestate” Probate.

"There are lots of tax changes for 2024. Some reflect prior-year inflation. Others are new rules. But one thing is certain...all taxpayers are affected." - Joy Taylor 📎

Check out the tax changes and key amounts for the 2024 tax year from Kiplinger here.

For those lucky enough to go south for the winter, estate planning issues can become more complex. Estate Planning is crucial for snowbirds to ensure the seamless transfer of assets, protect their wealth, and address the complexities of owning property in multiple states.

"Business succession planning should be a comprehensive strategy that is an integral part of your estate plan to safeguard your entrepreneurial legacy, provide financial security for your family and employees, and prepare for a variety of scenarios." - Andrey Milvidskiy

We know that most of you thinking about your legacy and estate plan have been happily married for many years, and don't think you have any use for a Pre-Nuptial Agreement. But in the context of estate planning, a Pre-Nuptial Agreement is a powerful tool. 💍

The 2024 NFL season culminates this month with Super Bowl LVIII. Let’s tackle how to get your estate plan into the end zone and the hands of your chosen beneficiaries. Just like your favorite team strategizes its plays, you need a game plan for your estate. 🏈

Redefine the narrative around estate planning with these helpful tips for younger generations from Kiplinger Personal Finance.

Learn about Dr. Martin Luther King, Jr.’s legacy as well as his children’s own fight over his estate on this blog.

How often do you look at who your beneficiaries are on your accounts? How is your property titled? An important part of estate planning is reviewing the owner and transfer on death beneficiaries for your property.

Have questions about year-end gifts? This blog covers when you would need to file a gift tax return.

When you die, all your liabilities and assets—including your house—become part of your estate, which someone then has to settle.

It can be hard to know where to start when a spouse passes away. From gathering important documents to notifying institutions, the American Academy of Estate Planning Attorneys has a helpful step-by-step guide for covering your bases.