Estate Planning

Business Planning Lawyers in the Provo Area Recommend Estate Planning

A small business is a part of your identity, not to mention your livelihood. Business planning lawyers in the Provo area look to protect both aspects of this should you die or become incapacitated. Advanced planning is one of the smartest things that you can do to ensure that your small business meets the goals you have for it, whether you are at the helm or not. A business planning lawyer will:

• Make sure that your wishes are followed
• Ease transition for the company
• Protect the business from being dismantled
• Save considerable money

 

What to Expect from Estate Planning in Alpine Part IV

This is the fourth in a series of articles on what to expect when you work with your Alpine estate planning lawyer. Each article will cover several of the topics that you will need to consider to make a plan that works for your needs.

In this series, we have covered estate planning considerations for incapacitation and death, and for the most part, they’ve been the more commonly thought-of items. Yet, there are some other ideas that you will want to discuss with your estate planning lawyer in Alpine, including:

Making a Charitable Organization the Beneficiary of Your Life Insurance Policy | Estate Planning Lawyers in Orem

Clients come to their estate planning lawyers in Orem with a desire to make a difference to the next generation.  Obviously, there is a need to plan for children and grandchildren, but many Orem residents are also looking for ways to benefit their favorite organizations.  Charitable giving provides an opportunity to do something good for others and to help define your own legacy.  There are various methods you can use for this purpose, and your estate planning lawyer in Orem will go over them with you.  One option is to make the charitable organization the beneficiary of a life insurance policy.

How to Choose an Executor or Successor Trustee with Your Utah County Estate Lawyer

The decision of who to appoint as your executor or trustee is a huge one, and we’ve talked about it a bit in the past.  Still, it’s important to make sure that you have the information you need to make the right choice with your Utah County estate lawyer.  This person will hold incredible responsibility for overseeing what becomes of your estate, and you want your choice to reflect this.

What to Expect from Estate Planning Part II | Will and Trust Lawyers In Utah County

This is the second in a series of articles on what to expect when you work with your Utah County will and trust lawyer.  Each article will cover several of the topics that you will need to consider make a plan that works for your needs.

Our last article looked at several things you will need to consider and prepare when working with your will and trust lawyer in Utah County.  Today’s article continues on with additional considerations that are generally important upon death.

Including Your Service Providers In Your Estate Plan | Orem Will and Trust Lawyers

An Orem will and trust lawyer’s job is to make sure that you have all of your ducks in a row so that if you become incapacitated or die, your loved ones will know how to manage your estate and follow your wishes.  Laws in Utah vary from those found around the country, which is why you want to work with an attorney who is skilled in understanding your specific needs.  One area that should be considered is your service providers.

“Service providers” covers a wide range of individuals involved in your life.  Should you be unable to communicate with them, you want to ensure that your trustee, executor, guardian, or other responsible person is able to communicate with them on your behalf.  Having them all listed in one place will make this job much more manageable.

Lehi Trust Lawyer Reveals Additional Types of Income to Include in Your Estate Planning

There are some forms of income that obviously need to be discussed with your trust lawyer in Lehi, UT.  When putting together your plan, you’ll want to consider your current employment, retirement plans, bank accounts, and possibly your own business.  As you work through the estate planning process, it will be clear that these are all things that need to be considered.

But, there are other, less obvious types of income that you will also need to take into consideration.  Working with a Lehi trust lawyer, you can determine how these different forms of income will be treated when it comes to taxes, inheritance, and other applicable Utah and federal laws.

What to Expect from Estate Planning Part II | Will and Trust Lawyers In Utah County

This is the second in a series of articles on what to expect when you work with your Utah County will and trust lawyer. Each article will cover several of the topics that you will need to consider to make a plan that works for your needs.

Our last article looked at several things you will need to consider and prepare when working with your will and trust lawyer in Utah County. Today’s article continues on with additional considerations that are generally important upon death.

Not All Property Can Be Left through a Will | Will Lawyers in Utah County

With much experience behind them, will lawyers in Utah County often feel like they’ve “seen it all.” This is good news for clients, because it means that the attorney can help you prepare for situations you might never have expected otherwise. One surprise that people hear from their estate planning lawyers is that you can’t use your will to pass on all types of property. While it seems like you should just be able to put it all down on paper and be done with it, there are some things that must go through different channels.
 

Estate Planning Checklist for January | Estate Planning Attorney In Provo

If you’ve already met with an estate planning attorney in Provo to put together your wills, trusts, powers of attorney, and other long-term plans, then congratulations! You’ve taken a really important step toward being prepared for the future and making things easier on your family and friends should you pass away or become unable to make decisions for yourself.

In order to ensure that your estate plans still fit your needs, you should review them at the beginning of every year. There are certain life changes that can have a huge overall effect on your estate planning, so taking the time to accommodate those changes now will save a significant amount of difficulty later.

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