Estate planning is a process that involves making advanced plans for end-of-life issues and for property and assets when one passes away. Any person may become sick or hurt, creating a situation where they need nursing care or where tough choices must be made about medical treatment. Every person will eventually pass away, which cause… Continue reading Steps To Estate Preservation
A trust is the legal relationship between one person, the trustee, having an equitable ownership or management of certain property and another person, the beneficiary, owning the legal title to that property. The beneficiary is entitled to the performance of certain duties and the exercise of certain powers by the trustee, which performance may be… Continue reading Trust In Utah Explained
The following descriptions of the estate and gift tax systems are for general information purposes only. They should not be relied upon in making estate planning decisions. They are intended only to give a general understanding of how these systems work so that the reader can have a more informed conversation with the estate planning… Continue reading Utah Inheritance Tax
If you’ve got people in your life who you love and want to take care of, it’s wise to build an estate plan. This plan, which you can put together with the help of an estate planning specialist, will make sure loved ones are taken care of in the event of your death. An estate… Continue reading Valid Estate Planning Utah
A life estate is something to consider during estate planning. When the creator of the life estate (the grantor) signs a life estate, they are in effect passing part of the ownership of a home to another person. This could be thought of as a way to pre-gift your home to your heirs while still… Continue reading What Are My Rights Of Having A Life Estate In Property?
When it comes to the different tax treaties that Utah, United States has entered into, oftentimes Taxpayers presume that it only applies to income tax but this is incorrect. In fact, the United States has entered into multiple different types of tax treaties, including estate and gift tax treaties with different countries across the globe.… Continue reading Utah Estate And Gift Tax Treaties
People ask us a lot for the definition of a POA: A power of attorney document names someone (called the “agent”) to make legal decisions on another person’s behalf (the “principal”) if the person is not able to. For example, if you got into an accident that left you in a coma, or if you… Continue reading When Is A Will Or Power Or Attorney Considered “Unduly Influenced”?
Estate planning isn’t just making a will in case of your untimely demise. It is preparing for any situation in which you are incapacitated and ensures your affairs are in order in case of death. Wills When people think about estate planning, they generally think of the will. A will is a document in which… Continue reading When Should I Think About Getting A Will?
Estate planning means preparing for the inevitabilities of life. People get sick or hurt, and you need a plan in place to determine what kind of medical care you’ll receive if this happens to you. People become incapacitated, unable to make important decisions on their own, or unable to live independently. And of course, people… Continue reading Why An Estate Planning Is Needed In Utah
No matter how much money you have it is important to have a basic estate plan to protect your family and your assets after your death. An estate plan can be as simple as a last will and testament to extremely detailed to contain a power of attorney, a living will and even a trust.… Continue reading Wills And Estate Planning Attorney