Protect Your Assets Through Trusts And Estate Planning

Trusts and estate plans are essential to prepare for a financially and medically sound future. Families of all income levels can benefit from an estate plan. An estate plan is much more than just administration of assets: It can help you declare your medical care preferences, protect your hard-earned assets and provide for the future.

The Krause Law FirmOur attorneys can help you create a simple and effective estate plan. We can explain your options and offer assistance with:

  • Wills
  • Trusts
  • Powers of Attorney
  • Health Care Directives

A Plan Created To Fit Your Needs

You may choose a Will-based estate plan or a Trust-based estate plan. A Will-based plan defines the administration of assets to beneficiaries through a Will. An example of a Trust-based plan includes a Revocable Living Trust, which holds title to your assets throughout your lifetime and will transfer assets after you have passed away, avoiding the probate process. Our attorneys know how to implement both methods and can help establish the best option for you.

Trusts are not exclusive to one type of plan. Our attorneys have extensive experience creating a variety of trusts, including:

  • Dynasty Trusts
  • Gun Trusts
  • Bridge Trusts
  • Domestic Asset Trusts
  • Irrevocable Trusts
  • Spousal Lifetime Access Trusts
  • Supplemental Needs Trusts

At The Krause Law Firm, we have a personal understanding of the unique estate planning needs of our clients, including local farmers. Many South Dakota farmers struggle to manage their assets and inevitably must sell their farmland due to poor estate planning. Our attorneys can help you protect your assets for your family's future.

Schedule An Estate Plan Consultation

It is never too early to create an estate plan. Do not hesitate to schedule a consultation with one of our trust and estate planning attorneys, Matthew Abel and Jason Krause. Call our office in Sioux Falls today at 605-610-3496 or fill out our online contact form.

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