No one likes to think about death much less plan for it. Many surveys indicate this is one of the biggest factors in not doing estate planning. However,doing estate planning is an act of love. This is especially true when there are young children or grandchildren involved.
There are two [...]
The simple answer to the above question is yes. Even if you have never signed a will or trust,you have an estate plan. Some of you may be asking,“How?” The answer is the state has a “default estate plan” for those without their own.
In Utah,if you die [...]
If you don’t maintain your car,it will break down and fail to perform. Like a car,if you fail to maintain your trust,it will not achieve the desired purpose when needed.
Many people choose a revocable living trust instead of relying on a will or joint ownership in their [...]
Many people are familiar with Trusts. In recent years,a Trust has become a popular Will substitute. Many people have decided to use a Trust as opposed to a Will in doing their Estate Planning. The primary purpose is to avoid probate and maintain privacy at the time of one’s death.
In a “traditional”estate plan,each spouse provides for his or her assets to pass to the surviving spouse,with the understanding that the assets will go to the children at the surviving spouse’s death.
This may work well when the spouses have only been married to each other,but it [...]
You or someone you know may own unmarketable assets as a result of the death of a previous owner. The asset may be real estate,stock in a corporation or some other asset. The title is unmarketable because the property is in the name of the deceased individual.
Many times when [...]
Love knows no bounds. Many couples have experienced the extent and truth of this common saying.
Often,older couples have to cope with adult children who cannot understand why mom or dad wants to remarry. By updating one’s estate plan,many concerns related to the marriage can be minimized.
In second [...]
Many people have pets that they are devoted and attached to. Perhaps you are concerned about what would happen to your pets if you were no longer able to take care of them. Below are answers to the most commonly asked questions:
Can I provide for my pets if I am [...]
Young families often don’t think about estate planning. Who can blame them? They’re extremely busy raising small children,finishing their educations,beginning their careers,and all the other things that go along with getting established in life. However,parents with minor children may not be aware of just how important having [...]
The simple answer to the above question is yes. Even if you have never signed a will or trust,you have an estate plan. Some of you may be asking,“How?” The answer is the state has a “default estate plan” for those without one of their own.