Beneficiary Designation And Estate Planning A beneficiary designation is the act of naming the person who will inherit an asset in the event of the account owner’s passing. Some common examples include life insurance policies and retirement accounts. When the account owner passes away, their assets are then transferred to the beneficiary that they designated.… Continue reading Beneficiary Designation And Estate Planning
Are Estate Planning Fees Tax Deductible? In general, you can deduct legal fees as an ordinary and necessary business expense. The types of legal fees that are deductible include creation and review of contracts, filing a lawsuit or defending a lawsuit for breach of contract, legal assistance to collect on an account, defending an intellectual… Continue reading Are Estate Planning Fees Tax Deductible?
Are Estate Administration Costs Tax Deductible? When a person dies, all of his or her possessions real estate, money, stocks, personal belongings, and a lot become a part of his or her estate. Estate administration refers to the process of collecting and managing the estate, paying any debts and taxes, and distributing the remaining property… Continue reading Are Estate Administration Costs Tax Deductible?
Estate Formation Salt Lake City Utah Estate planning is an important aspect of life in any city, and Salt Lake City is no exception. It is the process of organizing and arranging the financial and legal aspects of an individual’s estate. This includes the distribution of assets, the payment of taxes, and the management of… Continue reading Estate Formation Salt Lake City Utah
Estate Planning Salt Lake City Utah Estate Planning is an important step in ensuring that you, your family, and your assets are protected and taken care of in the event of your death, divorce, or other unforeseeable events. It is important to understand the laws that govern estate planning in Utah and how an experienced… Continue reading Estate Planning Salt Lake City Utah
An heir is one who stands to inherit from a person after that person dies. What rights an heir has to any inheritance are governed by the probate laws of the state in which the decedent lived. Probate laws differ significantly between states; consult a qualified probate attorney in your area if you need legal… Continue reading Rights Of Heirs And Beneficaries In Estate Planning
Estate planning is a fundamental part of life planning and requires executing legal documents to ensure beneficiaries receive intended inheritance gifts in the event of death. While few people jump for joy at the idea of planning their estate, it is important to at least implement basic elements to protect loved ones. Minimum estate planning… Continue reading Utah Estate Planning Lawyers
Estate planning and trusts are critical to protecting your assets and the long-term financial well-being of your family after you are deceased. And though conventional wills serve their purpose, they’re often not effective when it comes to dealing with complicated issues like step-children, grown child dependents, second marriages, charitable donations and other family situations that… Continue reading Trust And Estate Planning Attorney Near Me
A small estate affidavit is a legal document that allows for the legal transfer of assets and property to be transferred to a decedent’s legal heirs without having to go through a lengthy and sometimes complex probate process after the decedent’s death. Who Can Use a Small Estate Affidavit? If you’re looking for a simple… Continue reading Small Estate Affidavits
If you read the conventional advice for executors, the first step is usually “hire a lawyer.” And you may well decide, as you wind up an estate, that you want legal advice from an experience lawyer who’s familiar with both state law and how the local probate court works. Not all executors, however, need to… Continue reading Reasons To Hire An Estate Planning Attorney In Utah