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Utah Law On The Recovery Of Debt Upon The Death Of A Debtor

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It is the duty of the estate executor to pay outstanding debts from the deceased person’s estate during the estate administration or probate process. Typically, heirs are not responsible for paying the debts of the deceased, regardless of what some debt collectors may want you to believe. You may be responsible for repaying a debt… Continue reading Utah Law On The Recovery Of Debt Upon The Death Of A Debtor

What To Consider With Inheritances

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Your inheritance is the property you receive from someone upon their death. It can include cash, investment accounts, retirement accounts, real estate, life insurance policies, jewelry, cars, fine art, antiques, and other assets. Understanding what an inheritance is and how it works can help you minimize any taxes you may owe. An inheritance refers to… Continue reading What To Consider With Inheritances

When To Make A Will

The first thing you need to do when you plan to purchase a home in Utah is to find a lender that will provide you with the financing you need. This is to establish your identity and your ability to pay the loan. A broker or an underwriter will verify the information provided. However, if… Continue reading When To Make A Will

Legal Documents In Utah

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A Last Will and Testament is one of the most important legal documents a person can create during his or her lifetime. If a person dies without a Will they are said to have died “intestate” and state laws will determine how and to whom the person’s assets will be distributed. If a person dies… Continue reading Legal Documents In Utah

Is A Person’s Will Public Record In Utah?

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Estate planning can be an extremely complex matter, depending on the size and types of a person’s assets. Wills eventually become part of the public record via the probate court process. In response, private estate planning techniques, such as trusts, have arisen. Creation of the will During the creation of the will, everything remains confidential… Continue reading Is A Person’s Will Public Record In Utah?

Can An Executor Have Access To The Assets?

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An executor is a legal term referring to a person named by the maker of a will or nominated by the testator to carry out the instructions of the will. Typically, the executor is the person responsible for offering the will for probate, although it is not required that they fulfill this. The executor’s duties… Continue reading Can An Executor Have Access To The Assets?

Do I Need A Last Will And Testament?

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A will is a document that declares a person’s wishes to transfer his/her real estate to another at death. The only difference between a will and a testament is a will applies to real estate while a testament applies to personal property. You no longer need to write a will and testament as separate documents… Continue reading Do I Need A Last Will And Testament?

Wills And Estate Planning Attorney Near Me

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 Near Me

Last Will And Testament

A will or testament provides information about the transfer of property, ornaments or land, from the testator to his beneficiaries, after his death. Everyone, regardless of age, needs a will. Without a will people wouldn’t know to whom their assets would go. A will is a general term and is used as the instrument in… Continue reading Last Will And Testament

When To Give Inheritance Money To Your Family As Per Utah Law

When someone dies and there is no living spouse, survivors receive the estate through inheritance. This is usually a cash endowment given to children or grandchildren, but an inheritance may also include assets like stocks and real estate. Asset distribution is determined during the estate planning process, when wills are written and heirs or beneficiaries… Continue reading When To Give Inheritance Money To Your Family As Per Utah Law