Category Archives: Estate Planning
The Different Types of Trusts in Utah
When creating an estate plan in Utah, you have several types of trusts available to suit different goals. A trust is a legal arrangement that holds and manages property. As the grantor, the person who creates the trust, you decide which assets to place in the trust and designate the beneficiaries who will receive… Read More »
What is a Living Will in Utah?
Living wills, also known as health care directives, are legal documents that allow you to state your preferences regarding your end-of-life medical care. While a last will and testament addresses how your property is distributed after death, a living will provides guidance to healthcare professionals and loved ones about your medical treatment preferences if… Read More »
Why Place Your LLC Into a Trust?
One of the most popular business structures is a limited liability company (“LLC”) because it avoids double taxation to the owner and offers personal liability protections. A trust is a legal arrangement in which a trustee holds and manages assets for the benefit of designated beneficiaries. A properly structured trust can help your family… Read More »
How Can A Utah Estate Planning Attorney Help?
Many people have heard the term “estate planning,” but they are not entirely sure of what it involves or how estate planning can benefit you and your family. Simply put, an estate plan consists of many different legal documents, including a will, trust, power of attorney, healthcare directive, and more. These documents outline how… Read More »
Should You Designate a Family Member as Your Personal Representative?
There are many important decisions you will have to make when planning your estate and choosing a personal representative is an important one. After you pass away, the person named in your will as your personal representative will manage your estate, settle your debts, and distribute your property according to your wishes. There are… Read More »
Important Considerations When Establishing a Trust
Establishing a trust is one of the best ways to ensure your property is protected and will be transferred to your loved ones after you pass away in a smooth and efficient manner. Even so, if you are considering drafting a trust, there are important considerations to know before you move forward. Below, our… Read More »
Tips for Choosing the Right Personal Representative for Your Estate
The personal representative you choose has an important role in managing your estate after you have passed away. Essentially, your personal representative fills the gap between the legal system and your heirs and beneficiaries. Personal representatives are responsible for many tasks, including identifying the property within your estate, valuing them, and ultimately distributing them… Read More »
Questions to Ask Your Utah Estate Planning Attorney
Creating an estate plan is one of the most important things to do during your lifetime while you still have the capacity to do so. Perhaps you have started creating one, or you have just started thinking about your estate plan. With the number of websites offering online templates today, you may be tempted… Read More »
What are Health Care Directives in Utah?
When people first start out creating their estate plan, they often first focus on drafting documents such as wills and trusts. Wills do not come into effect until after you have passed away, and this is also somewhat true for trusts. However, there are other estate planning tools that can help you during your… Read More »
Important Considerations When Establishing a Trust
Establishing a trust is one of the best ways to ensure your property is protected and will be transferred to your loved ones after you pass away in a smooth and efficient manner. Even so, if you are considering drafting a trust, there are important considerations to know before you move forward. Below, our… Read More »