Estate Planning Lawyer Laramie, WY
Your Laramie Estate Planning Lawyer
Many people think that estate planning is only for wealthy and older people but to the contrary, there are many things a Laramie, WY estate planning lawyer can do to help people of all ages and socioeconomic levels to protect the assets they want passed on to specific people or entities, as well as to make sure that their healthcare wishes are carried out. The skilled and compassionate team at Davis & Johnson Law Office has 50+ years of combined experience helping Wyomingites with estate planning, wills, trusts, and probate. Contact us today to see how we can start helping you to have peace of mind knowing that the future of your assets and healthcare wishes are secure.
Estate Planning And How It Helps
Estate planning involves making plans for who you want to inherit your money, assets, and property, and legally documenting your healthcare wishes for yourself in the event you are unable to make decisions for yourself. It allows you to appoint the person or people who will oversee and make sure that your wishes are enforced.
Even though many people do not want to think of their own death and worry that planning their estate is a way of saying that they are ready to go, most people feel a big sense of relief knowing not only that they have laid out their, just in case plans, as well as their wishes for where their wealth will go. Having the weight of doing this finally lifted off your shoulders may actually allow you to be more present in the here and now and allow you to enjoy your life more than ever.
Estate planning makes your and your loved ones’ lives easier. You know that your wishes will be carried out and your family or other heirs will not be subjected to fighting over who wants what or how things should be organized once you are gone. With the help of a good Laramie estate planning lawyer, you may also be able to set things up so that your heirs do not have to go through probate which will save them time and money.
Avoiding Probate With Estate Planning
Some things allow heirs to avoid going through probate in Wyoming. One is a small estate affidavit that allows heirs to transfer personal property without going through probate. As of 2025, the maximum value for using a small estate affidavit in Wyoming was $400,000. The most common estate planning tool to avoid probate is establishing a revocable living trust. A living trust is a document that is similar to a will, that allows a person to name a successor trustee to take over their affairs after they have passed. Assets such as life insurance policies, retirement accounts, and other accounts that have named beneficiaries, also avoid probate.
To learn more about estate planning and how it can help you, contact an experienced Laramie estate planning lawyer at Davis & Johnson Law Office today.