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.

This time of year, we are often asked about landowner’s liability when they allow people to hunt on their land. That liability is governed in part by Wyoming’s Recreational Safety Act. (W.S. 1-1-122 et seq.) The Wyoming Recreation Safety Act (WRSA) is a state law designed to limit the liability of landowners who allow recreational activities on their property, including hunting.

Life insurance is a vitally important tool in solving financial issues for your family in the event of your death, but your estate and life insurance proceeds need someplace to land where they can be protected from death probate, conservatorships, guardianships, lawsuits, creditors, predators, medical bills, nursing home costs, gold diggers, fraud, divorce, poor decision making, addiction, and the countless other tragedies a grieving family might face.

In the event you or a loved one needs long-term care during their lifetime (odds are someone you love will), then you should know about the 5-year lookback period for Wyoming Medicaid qualification. Learn more about the five-year lookback on our blog. 

In Wyoming, there are several ways to own real estate, known to the legal community as ‘real property’. The ways a person can own real property include sole ownership, Tenants in Common, Joint Tenancy, and ownership through an entity like an LLC (Limited Liability Company).