Sioux Falls Wills & Trusts Attorney
Seek Guidance from Our Experienced Estate Planning Lawyer
Wills and trusts are important building blocks in any comprehensive estate plan. These legal documents offer many benefits and allow you to pass assets onto beneficiaries according to your wishes. At Ronke Law, we help families throughout the region take advantage of these important estate planning tools. Our Sioux Falls wills and trusts attorney can tailor your estate plan to your unique needs.
Contact us at (605) 250-9988 for a free consultation about your estate planning needs today.
Wills
A last will and testament is the foundation of your estate plan. Without it, your assets and property will be subject to the probate process and will be distributed by the court according to state law without your input. Probate can be a time-consuming and expensive process that can lead to conflicts and contests among heirs and beneficiaries.
Your last will and testament will:
- Designate who will inherit your assets
- Designate when and how they will receive the assets
- Name an executor (personal representative) who will guide your estate through the probate process according to your instructions
- Name a guardian for any minor children
A living will – also called an advance health directive – is different from a last will and testament. A living will outlines your wishes regarding medical care should you become incapacitated or reach the end of your life.
Trusts
Trusts are fiduciary arrangements that allow you to safely pass assets onto beneficiaries. The most common is the living trust, a revocable trust in which you place your assets so that they can be managed during your lifetime as well as when you pass away. Usually, you act as the trustee of your trust during your lifetime and can make any changes you wish. You will also name a trustee to ensure the assets are passed onto your beneficiaries once you have passed away. A trust allows for the easy transfer of your property and assets to your heirs and beneficiaries without having to go to court. This can save time, money, and taxes in the transfer of your assets.
Other trusts can be set up for specific purposes such as charitable trusts, trusts for relatives with special needs, trusts for pets, and more.
Contact our wills and trusts attorney in Sioux Falls to learn more. Call (605) 250-9988 today.
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Never Felt Rushed or Forced into Making Decisions Without Knowing All the Facts
“Eric takes the time to make sure you understand everything and what is to be expected from the very beginning.”
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Eric Made My Bankruptcy Easy & Less Stressful
“Eric made my bankruptcy easy and less stressful. He walked me through all of the steps needed and always answered all of my questions. I would recommend him to any of my friends/family!”
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Very Smooth Process
“Was a very smooth process to set up an LLC. It really has paid off to have it all filed correctly and was able to bring up other start-up questions that are good to go over ahead of time.”
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Diamond In The Rough
“Eric, was amazing very responsive when I had questions. Explained the whole process upfront with everything.”
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Compassionate & Understanding
“He is compassionate and understanding of your situation if you're filing for Bankruptcy, he is excited and your biggest supporter when getting your LLC set up, and when it comes to your will and trust he listens to whats most important to you”
- Kyle J.
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Written by Eric J. Ronke
