A Full-Service Law Firm for Nebraska Locals & Businesses Serving Western Nebraska Since 1977

Scottsbluff Estate Planning Lawyers

Helping You Plan & Protect the Future

Estate planning is an often misunderstood legal service. Many believe that estate planning is only necessary for the elderly or ill, however, the opposite is true. All individuals and families should devise a thorough estate plan early, while they are of sound body and mind. Putting an estate plan in place can give you peace of mind that if something should happen unexpectedly, your specific needs and objectives will be known.

Call Douglas, Kelly, Ostdiek, Snyder, Ossian and Vogl, P.C. today at (308) 365-1994 for Personalized Estate Planning.

Custom Estate Plans for Scottsbluff Familiescouple trust and will planning

Our Scottsbluff estate planning lawyers are knowledgeable about all facets of estate planning, probate, and estate administration. We know that every family is different, which is why there is no "one size fits all" plan. Whether you have concerns about leaving money for your children or grandchildren or want to account for business succession, we can help. We will devise a plan that is tailored to your individual needs.

Comprehensive Legal Services We Offer:

  • Wills
  • Trusts
  • Probate
  • Living wills
  • Advance health care directives
  • Powers of attorney
  • Guardianships
  • Medicaid planning
  • Tax planning

Understanding Wills vs. Trusts

There are many options when it comes to estate planning, such as a will or a trust. People hear these terms and assume they are for the same purpose: to name who will inherit my belongings after death. However, wills and trusts do more than just that. Read on below to learn about the differences between wills and trusts.

The Role of Wills in Estate Planning

The creator of the will is referred to as the “testator”. The one who will carry out the last wishes in the will after the testator’s death is referred to as the “executor”.

A will can be used to:

  • Lessen the chance of family disputes.
  • Specify a personal representative for your estate.
  • Specify a trusted loved one to manage your property.
  • Name a guardian for your minor children and their property.
  • Decide how debts and taxes are to be paid.
  • Provide for pets.

With only a will, you cannot avoid the probate process.

The Benefits of Trusts in Asset Management

When a trust is involved, the creator of the trust (or settlor) must transfer assets to the trust and names themselves as “trustee”. The trustee can then appoint a “successor trustee” who will assume control of the estate after the settlor passes away or is incapacitated and can no longer make rational decisions. The living trust is a legal document that can be changed by the asset holder at any time. A trust can help you avoid probate, reduce estate taxes, and help you set up long-term property management.

If you decide to go with a trust, it is not necessary to go through the probate process. Your successor trustee can transfer assets in the trust based on the wishes you presented in the trust. Whereas with a will, the executor must file for probate when you pass away and they will be subject to the probate court’s supervision when making decisions about your estate.

Asset Preservation and Honoring Your Wishes

One of the main reasons to form an estate plan, regardless of how much your own, is to know that your wishes will be respected. Whether you have a complex estate that includes multiple properties, a business, and a number of asset distribution issues or a simple estate that will be left to your immediate family, we are here to guide you.

At Douglas, Kelly, Ostdiek, Snyder, Ossian and Vogl, P.C., our Scottsbluff estate planning attorneys are ready to assist you. Contact us or call now for expert guidance.

Contact Us Today!

All Consultations are Free and Confidential
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