How do I protect my estate? Is it better to have a will or a trust? Why do I need a trust if I have a will? How much does it cost to do a trust that will do what I intend? What are the most common types of trusts? How do trusts protect your estate? What are the disadvantages of a trust? How much will my estate owe in taxes when I pass?
If you’ve been asking any of these questions, schedule your free consultation today. We use revocable living trusts and irrevocable trusts to help our clients who are concerned about:Ensuring the legacy they intend to leave behind doesn't end up in the wrong hands due to things like divorce, debt, disability or death.Remarriage protection against the kids getting inadvertently disinherited if their spouse remarries after their own untimely death.Bloodline protection for the farm or ranch that's been in their family for generations.Protection for family farms, ranches and other real estate that's been in the family for generations.Tax smart planning that leaves as much as possible to their beneficiaries and less to the government. The personal federal estate tax exemption is currently set at $11.7 million, meaning that assets above this amount is usually subject to the federal estate tax. However, the same law that increased this exemption amount mandates that it automatically revert it back to the previous estate tax exclusion amount of $5.49 million in December of 2025. And many political observers believe the current president could seek to reduce the limit sooner.