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 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
Contesting a will is what you do when you challenge the validity of a person’s last will and testament during probate. Probate is the official judiciary process of validating a will. This process involves asset and property distribution in accordance with the instructions stated in the will. If you seek to invalidate a will’s terms,… Continue reading What You Need To Know About Challenging A Will
A trust is a legal document that creates a fiduciary relationship in which one party holds legal title to a beneficiary’s property for the benefit of the beneficiary. A trust can go into effect prior to death, in which case it is called a living trust (or inter vivos trust). Such a trust could be… Continue reading What Is A Testamentary Trust In A Will?
The passing of a loved one is always an emotional time. This is particularly true when there exist strained relationships either between the deceased and their survivors or between family members themselves. To make matters worse, tense feelings, resentment, or old grudges can often lead to poor decisions when it comes to handling the estate… Continue reading What Happens When A Will Goes Into Litigation In Utah
It is common for a family member to be the caregiver for an elderly or disabled loved one. A caregiver assignment is a legal document that defines, describes, and details how a loved one will be cared for by a family member or an outside party, such as a nursing home or visiting medical professional.… Continue reading What Are Caregiver Assignments?
Probate is the court-supervised process of gathering the deceased person’s assets, paying debts and taxes, and distributing what’s left to inheritors. Unless family members or creditors are fighting, there’s very little court supervision. Mostly, probate is paperwork. In some states, including those that have adopted the entire set of laws called the Uniform Probate Code,… Continue reading The 4 Main Steps Of Utah Probate
Elderly guardianship, also known as elderly conservatorship, is a legal relationship created when a court appoints an individual to care for an elderly person who is no longer able to care for himself or herself. The appointed guardian has certain duties and responsibilities to the elderly person. Why Might Someone Need a Guardian? Unfortunately,… Continue reading Should I Become A Guardian For My Elderly Family Member
The making of a will is a vitally important act, with far-reaching consequences. Since you cannot take it with you when you die, having a valid will is one of the few ways you can give back to those you love in a proper, legal manner. A properly executed will allows you to specify exactly… Continue reading Requirements For A Valid Will Under Utah Law
Estate plans are not just for the rich. Most people have something of value that they want to pass along to loved ones or a favorite charity: the family home or lake cabin, a car, family heirlooms like jewelry or art, or money in the bank. Creating an estate plan allows you to do that… Continue reading Pitfalls Of Estate Planning By Deed
