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
Are you considering taking advantage of some of the opportunities that real estate in an IRA presents? You probably have a lot of questions if this is your first time investing in a real estate IRA. Actually, the term “real estate IRA” is really just jargon for a self-directed 401(k) or IRA that invests in… Continue reading How Utahans Can Avoid Estate Tax For Real Estate In Utah
As we move through life, we accumulate assets, houses, cars, investments, and business interests. We have worked hard for these assets so it becomes important to us to ensure that we protect these things from future events that might otherwise see them taken from us. Just like you would not start a business without a… Continue reading Importance Of Probate Wills And Estate Planning To Protect Inheritance Property
A trust is a legal document that can be created during a person’s lifetime and survive the person’s death. A trust can also be created by a will and formed after death. Once assets are put into the trust they belong to the trust itself (such as a bank account), not the trustee (person). They… Continue reading Planning For The Future In Utah
Whether you are currently single, just married, or married for many years, you should know that your marital status affects how your estate will be distributed. In Utah, there are many laws related to inheritance rights and property rights that apply differently to married couples than to single people. Spouses and Inheritance Rights If someone… Continue reading Marriage And Estate Planning
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
