The importance of preparing an estate plan

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 [...]

By |2018-05-13T21:47:13+00:00May 13th, 2018|Estate Planning|0 Comments

Who inherits a person’s property after death?

This is a very important question of Utah law. Very few people really understand how property is transferred after death, and the answer is essential to understanding Utah wills, Utah trusts, Utah estate planning and Utah probate. So, lets make up a story and see how it works. George (bald, at the right) is a [...]

By |2018-05-13T21:31:13+00:00April 28th, 2018|Estate Planning, Uncategorized|0 Comments

Beware of joint accounts and joint property with your children

Viera and her late husband Ben died believing they left everything equally to their children because it was written in their last wills. They were wrong. Viera lived fourteen years after Ben died. Their divorced daughter Lucy moved in with Viera and became Viera's primary caretaker in the eight years following her stroke. For convenience, [...]

By |2018-10-11T19:59:19+00:00November 1st, 2013|Estate Planning|0 Comments

Why Mary Wants a Utah Asset Protection Trust

Mary worries about the “what ifs.” Mary (age 74) is a widow in good health. Her home in paid for and she never wants to leave her neighborhood. She has sufficient savings and retirement income to enjoy many more years. But she worries constantly about “what ifs.” What if she causes a wreck and her [...]

By |2018-10-11T20:04:06+00:00August 2nd, 2013|Estate Planning|0 Comments

Basics of Utah Estate Planning

Many people ask us about the basics of a good estate plan. This is what we discuss: Planning for the preservation and transfer of a person’s property after their death is called "estate planning." A good estate plan may include: a last will a revocable trust an irrevocable trust a special needs trust an asset [...]

By |2018-10-11T20:09:36+00:00July 22nd, 2013|Estate Planning|0 Comments

The 98% Mistake: What is Missing from Almost all Utah Estate Plans

A fundamental goal of estate planning should be to protect your assets so they can be passed to your heirs, usually the next generation of your family. In estate planning, asset protection takes two forms: 1) protection from estate taxes, and 2) protection from future creditors. Protection from estate taxes  -- the 98% mistake. Almost [...]

By |2018-10-11T20:00:48+00:00July 22nd, 2013|Estate Planning|0 Comments

Do You Have Legal Authority to Manage Another Person’s Affairs?

Sam’s stroke left him unable to make responsible decisions or manage his own affairs. Sandy, his wife, was shocked to find she had no authority to sign Sam’s name, manage his business, sell their joint property, and admit Sam to a nursing home. How does she get the legal authority she needs? These arrangements allow [...]

By |2018-10-11T20:07:10+00:00January 1st, 2010|Disability Planning, Estate Planning|0 Comments

Giving Responsible Gifts to Irresponsible Children

When she died, Ellen left an equal share of her $500,000 estate to her irresponsible daughter. Here’s how she did it. Like most parents, Ellen wanted to treat her three children the same – to the penny. But Ellen worried about Kathy, who had a spectacular talent for wasting money. In her last days, Ellen [...]

By |2018-10-11T20:15:42+00:00September 2nd, 2009|Estate Planning|0 Comments

Do You Have an Unfunded Trust?

Do you have an unfunded Trust? Planning for the preservation and transfer of a person's property after their death is called estate planning. A good estate plan includes a Will, powers of attorney, a Living Will (Health Care Directive in Utah(, and often a Trust. The unfunded Trust.Trusts avoid the expense and delays of probate [...]

By |2018-10-11T20:19:25+00:00August 1st, 2009|Estate Planning|0 Comments