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Estate Planning

Comprehensive Estate Planning

At Bighorn Wealth, we understand that your legacy is more than just assets and possessions – it's your values, your family, and what you built with your life. Estate planning aims to preserve those things, on your terms. It is ensuring your loved ones are cared for and your wishes are honored after you're gone. Our team specializes in comprehensive estate planning, providing personalized solutions that go beyond a simple will or trust.

Why Estate Planning Matters

Estate planning isn't a one-time task; it's an ongoing process that should be reviewed regularly, typically every 3-5 years. A complete estate plan encompasses various aspects, including medical directives, financial powers of attorney, trust planning, and more. We believe in a team approach, working closely with your attorney (or one of ours), accountants, and other advisors to ensure every aspect of your plan is carefully coordinated and legally drawn up.

Securing Your Legacy

Securing Your Legacy

At Bighorn Wealth, we operate from the core principle of fiduciary duty – always acting in the best interests of our clients. We understand the importance of protecting your legacy from the unforeseen and the inevitable. Whether it's safeguarding your assets, minimizing tax liabilities, or preserving your family's harmony, we're committed to helping you achieve peace of mind through strategic estate planning.

Frequently Asked Questions

Will I pay an inheritance tax?
The estate tax exemption is currently up to 13.6 million dollars, meaning most estates won't owe federal estate taxes. However, it's essential to consider state-specific inheritance tax laws and plan accordingly.

What is probate?
Probate is the legal process through which a deceased person's estate is administered and distributed under court supervision. It can be time-consuming, costly, and public, highlighting the importance of proper estate planning to avoid or minimize probate proceedings.

Will having a will mean avoiding probate?
While a will outlines your wishes for the distribution of assets, it typically requires probate proceedings to be legally executed. To avoid unnecessary costs, delays, and publicity associated with probate, we recommend incorporating trusts into your estate plan.

How much should my family know about my Estate Plan?
Open communication is key to ensuring your wishes are understood and respected. We encourage our clients to discuss their estate plans with their loved ones to prevent misunderstandings or disputes in the future.

What will happen to my property if I die without a will?
Dying without a will, known as dying intestate, means your estate will be distributed according to state laws, which may not align with your wishes. Having a will or trust in place allows you to dictate how your assets are distributed, providing clarity and peace of mind for your loved ones.

Do I need a trust?
While not everyone may need a trust, it can be a valuable tool for protecting assets, minimizing taxes, and ensuring efficient asset distribution. We work closely with our clients to assess their unique circumstances and determine the most appropriate estate planning strategies.

Estate Planning Near Me

Estate Planning Near Me

If your search for estate planning near you got you here, you have come to the right place! Our expertise and years of experience mean we are able to help our clients with thorough and effective estate plans. Contact us today for a complimentary consultation. Let’s make sure you have your legacy set up to hand down the way you want.