Every residential real estate transaction has both real and personal property. It is also possible for real property to become personal property and personal property to become real. Real property is the land and also any improvements built upon it. In most cases it is also anything that would be considered immovable or affixed to… Continue reading What Is Personal Property In Utah?
A trust is a legal document that creates a virtual container for money and property. These assets are managed by a trustee (an institution or person) for the benefit of another (the beneficiary). The person who sets up the trust and funds is called a grantor, trustor, or donor. Once ownership of an asset is… Continue reading What Is An Estate Planning Trust?
There are several ways to manage an Estate after the passing of a loved one. In most cases, this process involves gathering important information, managing financial affairs, and distributing assets and belongings to family members. A Fiduciary or Executor may be tasked with managing these various responsibilities on behalf of the deceased. Picking Estate Fiduciaries… Continue reading Designating Fiduciaries in Estate Planning
