Few people realize that the cost to prepare a will is only a fraction of its actual cost.
Our grandson has a little red wagon at our house. He can put all his stuff in it. Action figures, rocks, balls, anything he wants. His little red wagon is a trust!
To take back control over how you and your family are provided for, you have to act. You have to put your instructions in writing. You must develop a plan and substitute your wishes for the government’s arbitrary choices. To play by your rules, you must get the help you need to translate your wishes into written instructions that will override the government’s rules.
Among the most common questions we get is to explain the differences between Wills and Trusts. In this post, Joe Breshears provides a definition for both types of documents, and compares the defining traits of Wills and Trusts. There are more differences than you think, and in those differences are some powerful opportunities for you to plan your future more effectively. Read more …
Creating a will, trust, or any type of estate plan has always involved dealing with an uncertain future. Consider that just over 20 years ago in 1997, the estate tax had an astonishing 55% rate with only a $600,000 exemption. Fast forward to 2020. Now we have a generous $11.58 million exemption and a lower 40% top rate. We also have allies in Congress who favor repealing the estate tax, as evidenced by the September 27, 2017 Unified Framework for Fixing Our Broken Tax Code. So what does this mean for you, as you’re planning for the future? Real more …
Life is complicated. Breshears Law Firm exists to make planning for the uncertainties of life simple. We help people control their property, protect against disability, and provide for themselves and their loved ones the way they want. Read more …
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