Estate Planning
What to Know About Estate Planning in Utah
It is a universal truth that human beings age. The passing of time affects the body in many ways, eventually causing the inevitable conclusion. It may be heartbreaking for those in the dearly departed’s life when they pass away, but it is the natural course of life.
Read MoreWhat Is a Special-Needs Trust in Utah?
A Special-Needs Trust is a form of estate planning that concentrates heavily on the special care and needs of our loved ones with disabilities
Read MoreEstate Planning for a Disabled Person Using a Supplemental Needs Trust
Have you ever wondered or been concerned about the future of a disabled loved one? If you answer yes, you are not alone. My parents had a daughter with cerebral palsy and were concerned about her wellbeing and what would happen if she was not properly provided for during her adult years. If you have…
Read MoreASK TOM: Do I Need an Attorney to Prepare my Estate Planning Documents?
Creating an estate plan is one of the most critical things you can do for your loved ones. You are not required to have an attorney prepare your estate plan as long as it meets legal requirements of your state. When my daughter was a child, I drove her to a dentist to have a…
Read MoreASK TOM: How do I know if I need a Guardianship for my Parent?
It is difficult to watch a parent struggle with daily life as they get older. We spend most of our lives looking up to them and benefiting from their experience. We forget that eventually, our parents may need us to take care of them. It is important to regularly review and update our estate planning…
Read MoreASK TOM: What is the SECURE Act?
The SECURE Act was signed into law on December 20, 2019, and significantly changes estate planning choices for retirement benefits. With the SECURE Act there are generally three categories of beneficiaries. This article will briefly address a category known as eligible designated beneficiaries which has 5 subcategories. These categories include: 1. The surviving spouse of…
Read MoreASK TOM: Estate Planning Seems Like a Complicated Task. How do I Start?
This is a common question that our clients ask. Starting to plan your estate can be a daunting, and even emotional process. Many people avoid thinking or talking about anything that reminds them they are not 18 anymore. We cannot look into a crystal ball to know the time of our inevitable death, but it…
Read MoreASK TOM: How Will my Divorce Affect my Estate Planning?
No matter the reason for divorce it is always emotionally taxing and comes with a long list of things to do. It is important to have all of your ducks in a row and accounted for while undertaking the long process. One update that might not cross your mind during this time is your estate…
Read MoreAsk Tom: Is Estate Planning Just for the Financially Wealthy or the Long-lived?
Death is a topic that is pushed to the back of our minds unless forced by an event or reality in our lives. It is a topic that might not be in the minds of the rising generation. With all of the expectations that are placed upon them by their peers and themselves it is…
Read MoreAsk Tom: What Law Changes Require me to Update my Estate Plan?
Estate planning is an ongoing process that needs to evolve with you as your family and circumstances change. Some things that are likely under your control are: the growth of your estate, getting married or starting a business, or choosing to relocate to another state. Other situations which are not in your control may include:…
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