Deciding when to consider assisted living is a complex and personal decision, but this article offers some indications of when it is time to ask for help or have a conversation.

Our clients and friends often tell us they are not old enough or rich enough to make an estate plan. Often, they are wrong. So when should you create a plan? We can help you make that decision.

In today’s interconnected world, cybersecurity is not just a concern for large corporations—every business, organization, and individual is a potential target for cybercriminals. From phishing scams to ransomware attacks, the risks are real and growing. However, by adopting proactive measures, you can significantly reduce the likelihood of falling victim to these threats. Here’s how.

In estate planning, one of the most challenging situations arises when a beneficiary is battling addiction to drugs or alcohol.  Although estate planning always seeks to ensure a loved one’s financial security, when addiction is involved, unprotected inheritance can unintentionally fuel self-destructive behavior, potentially worsening the situation. Thoughtful estate planning techniques can alleviate these risks and provide support, protection, and structure.

It’s that time of year again, when we look at the great blessings that have been bestowed upon us, and (secondarily) have to start worrying about how big of a cut old Uncle Sam is going to take.  Rather than pay excess tax, many of us look to reduce our tax burden through charitable giving; knowing that whatever charitable cause is dear to our hearts, the charity will be better off and more efficiently use our blessings.

While these online options for preparing wills may seem tempting, they come with significant risks that could outweigh the initial savings.  Read why having a will prepared by a lawyer is a better choice than relying on an online template.

The primary purpose of the Secure 2.0 Act is to encourage workers in the US to save for retirement. In 2023, excluding Social Security, American adults between the ages of 32 and 61 had average retirement savings of under $130,000. Find out what you need to know about the Secure Act 2.0 here.

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. 💍