Stone Bybee & Associates, PLLC

As we gather with friends and family to give thanks, we reflect on the importance of gratitude and togetherness. Wishing you a wonderful holiday filled with love, laughter, and cherished memories. ???? #HappyThanksgiving

As Thanksgiving approaches, you may be considering ways to give back. At Stone Bybee & Associates, we can help you discover charitable opportunities that align with your values while also benefiting you and your heirs. Donating from your estate can provide valuable tax breaks, enabling your beneficiaries to preserve more of your wealth for future generations. Let us assist you in making a lasting impact this holiday season while maximizing your legacy. https://buff.ly/48CWqT7 #Thanksgiving #CharitableGiving #LegacyPlanning #EstatePlanning #estateplanningattorney

Creating a trust is just the first step; if it’s not funded, it cannot fulfill its intended purpose. Trusts are powerful tools for maintaining privacy, minimizing tax liabilities, and setting specific conditions for fund usage. However, an unfunded trust can undermine your entire estate plan. Ensure your trust is properly funded to protect your assets and achieve your estate planning goals. https://buff.ly/48CWqT7 #Trusts #EstatePlanning #FundingYourTrust #EstatePlanning #EstatePlanningAttorney #ProtectYourLegacy

The worst estate planning mistake is failing to have an estate plan. Many people think they need to have a certain level of assets before they need one. However, estate planning protects modest estates as much as large ones. In fact, a modest estate may benefit more. By planning to have assets transferred to the next generation, even a small wealth transfer can help secure the future of the next generation. https://buff.ly/48CWqT7 #EstatePlanning #estateplanningattorney #secureyourfuture #secureyourlegacy #buildyourestateplan

How does a revocable living trust affect estate taxes? A revocable living trust does not offer tax benefits by itself; the assets within it are still considered part of your estate for tax purposes. However, a trust can facilitate a more tax-efficient distribution of your estate. By strategically managing asset distribution, you can potentially minimize estate tax liabilities for your beneficiaries. For personalized guidance on estate planning and tax implications, consult with an estate planning attorney. https://buff.ly/48CWqT7 #EstatePlanning #RevocableLivingTrust #TaxEfficiency #EstateTaxes

When your spouse passes away, you are generally not personally responsible for their debts if they were solely in their name. However, if the estate lacks sufficient funds to cover these debts, any gifts intended for beneficiaries may be reduced. Be aware that you could be responsible for certain debts, such as joint accounts or loans you’ve co-signed. It’s essential to consult with an experienced elder law attorney to understand your state’s laws and clarify your responsibilities regarding these debts. https://buff.ly/48CWqT7 #ElderLaw #FinancialPlanning #EstateManagement #DebtManagement #DebtAfterDeath

Handwritten or generic online wills can lead to significant issues. Wills created without professional guidance are often deemed invalid by the courts, resulting in the state’s laws dictating asset distribution—regardless of your true wishes. Protect your legacy by ensuring your will is properly prepared with the help of an estate planning attorney. https://buff.ly/48CWqT7 #EstatePlanning #Wills #ProtectYourLegacy #EstatePlanningMistake #HandWrittenWills #OnlineWill

Many individuals choose to establish trusts for their children or grandchildren as part of a comprehensive estate plan. This approach ensures that funds are available for their benefit while they are young—covering expenses like education, medical needs, and general support. Once the children reach a certain age or achieve specific milestones, such as obtaining a bachelor’s degree, they can access their trust funds to use as they wish. Secure your legacy and provide for your loved ones with a trust tailored to their future. We're here to help: https://buff.ly/48CWqT7 #TrustsForMinors #EstatePlanning #FinancialSecurity #TrustsandWills #SecureYourFuture

Handwritten or generic online wills can lead to significant issues. Wills created without professional guidance are often deemed invalid by the courts, resulting in the state’s laws dictating asset distribution—regardless of your true wishes. Protect your legacy by ensuring your will is properly prepared with the help of an estate planning attorney. https://buff.ly/48CWqT7 #EstatePlanning #Wills #ProtectYourLegacy #EstatePlanningMistake #HandWrittenWills #OnlineWill

On this Veterans Day, we take a moment to express our deepest gratitude to the courageous men and women who have served our nation. Your sacrifices and dedication to protecting our freedoms do not go unnoticed. Thank you for your service and commitment. ???? #VeteransDay