Maybe you’re thinking about how to better manage your property, or you want to make sure your family will be taken care of after you’re gone. If you’re having these thoughts, you might want to think about setting up a trust. A trust is basically a transfer of legal title from the owner (the grantor,… Continue reading Settling Up A Trust In Utah
Estate planning is essential for preparing your assets and property to be managed, preserved, and distributed to the right beneficiaries and in the manner you choose following your death. While most people assume a will is sufficient for ensuring that their estate is properly handled, an estate plan must include several additional legal documents to… Continue reading Trust Division In Utah
A trust is an arrangement under which one person, called a trustee, holds legal title to property for another person, called a beneficiary. You can be the trustee of your own living trust, keeping full control over all property held in trust. A “living trust” (also called an “inter vivo” trust by lawyers who can’t… Continue reading Trust Process In Utah
Although it is difficult to think about times when you are no longer around, it is important to do so to ensure that your loved ones will be taken care of. One option you should look into is a revocable trust. This offers confidence in what otherwise can be a very troubling decision to make.… Continue reading What Is The Difference Between A Revocable And Irrevocable Trust In Utah
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
First of all, what is a “living trust”? Basically, it is a legal entity that you can move your assets into for various reasons, including to avoid probate after you pass away. Also, if desired, the assets in your living trust can be controlled by another person. The person setting up the trust is called… Continue reading Living Trust
Estate planning can be tough and very challenging, especially if you’re a high-net-worth individual. Not only are the nuances of estate planning fairly complicated, but things in the industry are also constantly changing, which often makes it difficult to keep up. From tax laws to tax liabilities to other issues that affect the family, there… Continue reading High Net Worth Estate Planning Lawyer
Although it is difficult to think about times when you are no longer around, it is important to do so to ensure that your loved ones will be taken care of. One option you should look into is a revocable trust. This offers confidence in what otherwise can be a very troubling decision to make.… Continue reading What’s The Difference Between A Revocable And Irrevocable Trust In Utah
When an executor or other fiduciary is compensated for their work, it is considered taxable income. As such, there are specific requirements related to reporting this income on his or her taxes. Tax Rules The income received as compensation as a fiduciary or executor goes under the heading “other income” on Line 21 on Form… Continue reading Reporting Executor Or Fiduciary Taxes
After a loved one dies, your first thoughts are probably not about his or her estate plan. But it is important to take certain steps soon after the death in order to protect the estate. These steps include making funeral and burial arrangements, locating the will, and maintaining the estate’s value. What Should You… Continue reading First Steps In Handling The Estate Of A Loved One
