Your Estate Matters… Resolve To Update Your Plan

Issue 1.14

You need your basic estate plan to be in place. You then have assurance that your family and financial goals will be carried out. An “estate plan” has several parts. They include a Will, a Durable General Power of Attorney, a Utah Advance Health Care Directive (living Will), and beneficiary designations. […]

Your Estate Matters… Disinheriting A Child

Issue 47.13

Frequently I have clients who wish to disinherit a child in their Will or trust. For many possible reasons, it simply is not the right thing for that child to share in the estate. The child may be estranged, ungrateful, inattentive, indebted to the parent, has become hopelessly addicted to a […]

Your Estate Matters… Your Useful Durable Power Of Attorney

Issue 44.13

Creating a durable power of attorney can be helpful to your family in the event you become incapacitated. An accident, health crisis, or diseases of age may render you unable to manage your affairs. Someone will need to pay bills, manage investments, and make important financial decisions for you. A “durable” […]

Your Estate Matters… A Joint Tenancy Problem

Issue 38.13

A common source of fighting when someone passes away is having a surviving child on a joint account. The problem can arise because under Utah law, a joint account belongs to the survivor, regardless of a Will or trust provision that might say otherwise. In other words, a joint account trumps […]

Your Estate Matters… Utah’s New Asset Protection Trust

Issue 26.13

In May, Utah enacted an asset protection trust law that makes a lot of sense. Before this new law, asset protection through a trust was full of speculation and hoping for the best. But the new law provides specific directions about how to properly set up an asset protection trust that […]

Your Estate Matters… Updating Your Trust

Issue 10.13

Trusts are generally easier to change than wills. Trusts have fewer requirements than wills when a change needs to be made. A person can change their trust by using an “Amendment.” An amendment usually must be in writing, signed, dated, and notarized. A change to a will should have two witnesses […]

Your Estate Matters… Planning For The Addicted Child

Issue 46.12

Parents of adult children with drug and alcohol addictions struggle with how to handle that child’s inheritance in their will or trust. Most parents worry that an inheritance will enable their addicted child to further indulge in their addiction, wasting their inheritance and furthering their child’s destructive behavior. But disinheriting the […]

Your Estate Matters… Trusts – The Fix For Double Probate

Issue 36.12

Many of you have relocated here from other parts of the country. Though you have made your home here, you often continue to own property that is located in your prior home state. A person moving here from Idaho, for example, may continue to own a business or family vacation home […]

Your Estate Matters… Disinheriting A Child

Issue 30.12

Frequently I have clients who wish to disinherit a child in their will or trust. For one reason or another, they feel that it would be inappropriate for that child to share in their estate. Disinherited children are typically those who do not visit or call their parents, even on special […]

Your Estate Matters… Should Your Child Be A Joint Tenant On The Deed To Your Home?

Issue 25.12

Should you list your child as a joint tenant with you on your home? It is true that if your child survives you as a joint tenant on your home, your home will not have to be probated. At your death, your child would immediately become the sole owner of your […]