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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 child often […] 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 in Idaho, […] 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 occasions such […] 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 home. Although […] Issue 11.12 You should know that the State of Utah has a default estate plan for you in the event you die without your own estate plan in place. The plan is part of the Utah Probate Code for people who die without a will. One of those default estate plans applies to those who […] Issue 2.12 Your New Year’s resolutions may include eating healthily, exercising, increasing your income, or learning a new skill. Your number one resolution should be to make your estate plan. There are very few things that are as simple to do, yet carry so many benefits for your loved ones and family. Your estate plan […] Issue 46.11 On occasion I meet with clients who think that only the estates of people who die without a will have to be probated. That mistake is based in large part due to the formalities of signing a will. The fact that wills are witnessed and notarized makes some believe it should avoid any […] Issue 41.11 Most of the time, families work through the process of dividing personal property fairly well following the death of a loved one. There may be emotional or tense moments in that process, but usually families find it a positive experience. Other times serious problems occur and the process spins out of control. Communication […] Issue 35.11 Upon your death someone has to be responsible to collect and safeguard your assets, prepare an inventory, pay bills and final taxes, represent the estate against claims, and distribute your estate to your heirs. It is a lot of work, and sometimes very complicated. Handling an estate is a balance of expertise, convenience, […] Issue 27.11 Planning for the treatment of your IRA at your death should include more than filling out the beneficiary form. You should consider ways to leverage your IRA account to even greater wealth by the way you pass it to […] |
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