If you have a lot of property and other assets, it’s likely that at some point you will want to create a Trust. When you do create a Trust, you’ll have to appoint a Trustee. A Trustee is someone in charge of handling and distributing the assets of a Trust to the beneficiaries. This article [...]
In recent years, reverse mortgages have become a popular option for many seniors. For some Utah seniors, a reverse mortgage is a perfect solution. For others it may be a bad idea. I have invited my son, Jack K. Helgesen, a senior mortgage broker, to help me answer some of frequently asked questions I get [...]
An asset protection trust is a trust that is intended to protect assets and property from future creditors. As part of preparing an estate plan, an individual decides what happens to his or her property after he or she passes away. The individual must also decide on how the property transferred to the trust will [...]
People don't always decide what happens to their assets after they die. When a person doesn’t make arrangements for the transfer of assets or authority over his or her assets, his/her heirs may need to open a probate. A probate will allow them to gain authority and control over those assets. Probate is the process [...]
Most people know who they want to receive their property and possessions when they pass away, so why don’t people make their wishes known by preparing an estate plan? Susan had been married to her husband, Adam, for nearly thirteen years when he unexpectedly passed away as a result of heart failure. Three years prior [...]
