The premise behind our law practice is the fundamental belief that all families deserve quality legal advice regarding their estate plan, and asset protection strategies and corporate services. Mr. Pierce became acquainted with this field as a result of his experiences as a young man with his family's business in Thermopolis, Wyoming.
He was forced to watch as his family's business and inheritance was devoured through estate taxes, forced government intervention and divorce. This interest has been honed in 30+ years experience as an attorney, accountant and business person. Mr. Pierce is dedicated to making sure that none of his clients ever has to go through what he and his family went through. He has locations in Sheridan and Gillette. Please feel free to make an appointment today.
Do you have home or car insurance? Then consider insuring against bankruptcy, divorce and aggressive creditors. Domestic Asset Protection Trusts are the onshore equivalents of offshore tax structures, but with less scrutiny and lower costs. DAPTs take advantage of Wyoming trust laws and can benefit you REGARDLESS of where you live. Click here to learn how to protect your assets.
• Domestic Asset Protection Trusts (DAPT)
Think of DAPTs as containers into which you place your assets. There's a lid and it may only be opened according to rules which you write. This legal structure affords protects assets from aggressive creditors and are available in all 50 states. Our debtor friendly state laws can benefit everbody.
Medicaid planning arises via the facts end-of-life and long-term health care is often unreasonable expensive. This fact holds even for middle class families. Medicaid provides assistance for those who qualify. The assistance is means-based and differs by state, but frequently income and assets are the determiners. Medicaid Planning consists of strategies which make assets legally inaccessible. Follow this link for further information on Medicaid Planning strategies.
Asset protection, or debtor-creditor law, is legal planning to protect against civil judgements. Creditor rights vary state-to-sate and Wyoming has enshrined a number of debtor friendly laws. This planning can assist individuals and businesses who are unfairly pursued by overzealous creditors. As proud members of the Domestic Asset Protection Counsel we are happy to walk you through the process.
Did you know Wyoming was the first state to allow Limited Liability Corporations (LLCs)? Our corporations enjoy the nation's strongest asset protection laws, no state taxes and strict privacy laws. For example, the names of officers and owners will never show on a public database when you use our Registered Agent service. These benefits are available to everyone. Interested in learning more about how to benefit from our business friendly laws? Follow these links for more information on our services such as Wyoming corporations and how to establish the necessary presence required by law.
Many people tend to avoid the discomfort of issues relating to death and dying, including estate planning. As the questions involving the estate planning process are inevitable it is often best to get ahead of such questions, rather than being forced to react during a difficult time. Even given this importance a majority of Americans lack basic wills. The subject can be unpleasant, but planning now can prevent painful difficulties down the road. We have in-depth articles on:
Implementing the proper strategy can help you achieve your financial goals regarding federal estate taxes, federal gift taxes, and state taxes. Discussions surrounding estate planning often involve the whole family. We are happy to meet with you to discuss issues such as probate, advanced health care directives, durable powers of attorney, simple wills, revocable trusts, irrevocable living trusts and other estate planning strategies. We can assist with the entire Estate Planning process, from making a simple will to establishing Revocable and Irrevocable Living Trusts.
• Probate:Losing someone is an emotional experience. Resolving probate problems is not pleasant and can be draining when your attention should be elsewhere. "Probate" generally refers to the court-supervised process of legally transferring property from a dead person to a living person. We are familiar with probate settlement and can help relieve you of unnecessary stress during the process. Probate is often required in when the assets to be transferred from a decedent at death exceed $200,000.
• Advanced Health Care Directive (AHCD):Advanced Directives, or "living wills" became part of common discussion due to the acrimonious, but totally avoidable, dispute regarding Terri Schiavo's end-of-life medical care. Without proper forms, it is impossible to determine a person's wishes after they no longer can express themselves. Despite this, a majority of Americans have not completed some form of living will or health-care proxy. This places family members in the difficult position of predicting their loved ones' wishes regarding life-sustaining care. Completing an AHCD can prevent such difficulties.
• Durable Power of Attorney (DPOA):
Lifetime financial planning frequently poses the issue of how to ensure effective management of property and financial affairs after you become incapable of managing them on your own. Important events affecting a person's finances and property should not be put on hold simply because the person is unconscious or lacks the mental or physical capability of acting on his or her own. See inside for further information on Durable Power of Attorney, Medical Power of Attorney forms and how they differ from standard Power of Attorney forms.
• Revocable living trusts
The revocable living trust has been an important estate-planning technique for many years, and is the foundation for most estate plans. Thus, it is important to understand how a revocable living trust functions, their advantages and, most importantly, whether the advantages are applicable to their situation.
HIIPA release forms, trusts, DPOA, and advance health care directives are only some of the things which make elder/eldery law unique. Often, many of these topics arise as part of larger estate planning arrangements. This subject deals with difficult questions, but delaying often only serves to compound problems and stress during an already difficult time. It's thus imperative to begin the process early and not to be discouraged if you have yet to make arrangements. Please browse our our articles on:
Elder law is vitally important and we take this responsibility seriously at Cloud Peak Law. We have seen the damage caused by ignoring the many nuances and pitfalls which make elder law unique. We cannot sufficiently stress the importance of choosing a competent advisor to protect your interests. Following this vain, we are proud members of the Wyoming Elder Law Counsel. This distinction sets us apart from other elder law attorneys. Elderly law often requires advance planning due to legal waiting periods before tax strategies can be fully implemented.
Guardianship, or related conservatorship, is an integral component of elder law and care. This part of elder law protects the elderly by ensuring financial, health and legal interests are protected from possible fraud, neglect and abuse. These varied interests are partially protected through various documents such as Advanced Health Care Directives and Durable Powers of Attorney. These documents properly protect the wishes and desires of the elderly.
Sheridan, Wyoming 82801
203 S. Main St
Gillette, Wyoming 82718
1901 Energy Court