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Understanding the Terminology Your Lehi Estate Planning Lawyer Uses

When you walk into a Lehi estate planning lawyer’s office, you are going to hear some terms that are either completely new to you or that sound like something out of an old movie.  It’s a good idea to have some understanding of these terms ahead of time so you don’t spend time doing anything other than what you hired the attorney to do.

Working with a Probate Attorney in Lehi to Understand the Steps of the Process

Even if someone has a will in place, it’s still quite likely that his or her estate will need to be overseen by a good probate attorney in Lehi. These professionals understand the incredibly complex process that goes along with closing out someone’s estate after he or she has passed away. Those who have worked with an estate planning lawyer can sometimes avoid probate through the use of tools like revocable living trusts, but if you are in a situation where the estate in question needs to go through the legal process, it makes sense to get a qualified probate attorney on board.

Why You Should Consider Working With A Special Needs Planning Attorney In Alpine

 For parents with children with disabilities, whether minor or adult, it’s a good idea to take the extra step of meeting with an Alpine special needs planning attorney.  This gives you the opportunity to set up the best possible scenario for your child if you are no longer able to provide care for him or her on your own. 

For example, you will work with the special needs lawyer to determine how to set up funding for your child’s expenses after your death.  You will also use the opportunity to name guardians for your child (again, whether a minor or an adult who needs assistance).  You can also have a say in how the money will be used to care for your child.

Talking to Your Parents about Meeting with an Estate Planning Lawyer in Orem

Just as everywhere else in the country, folks in Orem often put off their estate planning for many reasons.  Whether it’s facing your own mortality, or that of your parents, the prospect of needing a will or trust isn’t something that many of us want to think about.  The reality, though, is that when we continue to put off the estate planning process, things only tend to get more complicated.

Considering a parent’s need for estate planning may not be a pleasant thought, but it is so very important in ensuring that they are taken care of.  After all, it’s not just about what they will leave behind after death, it’s also about how those Golden Years can be spent.  Estate planning lawyers in Orem certainly handle wills and trusts, but they also help with planning for retirement, moves into retirement communities, and more.

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.

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