My Spouse Died… What Rights Does Their Ex Have to Their Estate?
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.
When Would I Need to File a Gift Tax Return?
Have questions about year-end gifts? This blog covers when you would need to file a gift tax return.
What Happens To Your Mortgage Debt When You Die?
When you die, all your liabilities and assets—including your house—become part of your estate, which someone then has to settle.
Tips For Widows/Widowers from the Academy
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.
Wyoming Recreation Safety Act: The Implications for Allowing People to Hunt on your Land
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.
Is Life Insurance Enough?
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.
What is the Five-Year LookbackAnd What Should I Do About It?
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.
Real Property Ownership in Wyoming
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).
The Importance of Well-Defined Partnership Agreements
Are you thinking about going into business with someone, or are you already in business with one or more people? If you haven’t heard it before, partnerships are very often tough relationships.
A well-defined partnership agreement can help set you (and your business) up for success. Learn about how Lubnau Law can help in this article.
When is the Right Time to Start Medicaid Planning?
Our clients choose to engage in Medicaid Planning for a variety of reasons, which often include protecting: (1) Family Heirlooms or a family cabin; (2) The marital home or the family farm or ranch; (3) A community spouse’s quality of life; or (4) Inheritance meant for children or charities. Whatever your motivation for engaging in Medicaid Planning, those reasons are personal to you and your situation. The big question clients ask is, When should we start planning for Medicaid? The very short answer is that it's never too late to start.
How to Utilize a Family LLC to Pass on the Ranch
Many clients are looking for ways to pass on what we refer to as Legacy Property, such as farms, ranches, family cabins, and/or mineral interests.
In our new blog post we explain how to utilize a family LLC to pass on your ranch.
The Top 6 Concern's People Have About Their Estates
Nick Norris, Lubnau Law Attorney, discusses the top 6 concerns people have about passing on their wealth. Lubnau Law has solutions to these concerns.
Remarriage, Divorce, and Your Estate Plan
When we talk to families about estate planning, we hear two common concerns: (1) what happens if my spouse remarries after I am gone, and (2) what if my child gets divorced after I am gone? Learn more on this blog.
The Two Guardianships Needed to Protect Your Children
A Guardian is a replacement parent when you can't be - a person that has legal custody of and authority over your children, along with the responsibility to provide and care for your children, in your absence. There are two types of guardianship that every parent needs to have in place to protect their children: Permanent Guardianship and Emergency Guardianship.
When Dementia Comes KnockingAt Your Family’s Door
When Dementia comes knocking, we have steps your family can take.
My Family Member Needs Assisted Living Now… What Do I Do?
Our team works with families to find ways to qualify our clients for Medicaid earlier, while maintaining as much of their assets as possible. If you are considering nursing home care for yourself or a loved one, it's important to understand the costs involved and the options for paying for this care.
Why Do I Need An Estate Plan
What would happen to your loved ones if you unexpectedly died or became incapacitated? Death and disability do not visit only the old, the wealthy, and the sick. Everyone needs some kind of estate plan.
What Is The Difference Between a Will and Trust?
A Will directs the distribution of your property after you die, and that property is subject to probate through court proceedings.
A Trust allows you and your loved ones to manage and distribute your property according to your wishes during your incapacity and after death without court oversight.
2023 Wyoming Legislative Session Review
While many bills have made the news, several important bills passed the 2023 Wyoming Legislative Session and escaped news media scrutiny. Find a full write-up from attorney Tom Lubnau describing some of that legislation, and the practical effect it will have on issues important to our clients on this blog.
What Is A Family Land Split?
When a landowner wants to subdivide property outside of city limits, they look to the County subdivision regulations. However, Wyoming Statute §18-5-303 has a unique exception that allows families to subdivide their property without going through rigorous subdivision requirements, called a Family Split.