Hildale, UT Wills And Trusts Lawyers

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Many people think that if they have a will, that means that their family will be taken care of when they die. But in Utah, as is the case in most states, the legal landscape is more complicated than that.  Having a will does not necessarily alleviate the burden on your family or ensure that you are providing the level of care you intended for them. 

The best way to protect your hard-earned assets and ensure that your family is fully taken care of is to have both a will and a trust. Our experienced and compassionate Hildale wills and trusts lawyers can help you evaluate your options and create custom documents that will preserve your legacy. Call us today to schedule your free consultation.

Hildale Wills And Trusts Lawyers

What Is A Will?

The document expressing your wishes, known as a last will and testament, is a legal instrument outlining which of your loved ones will receive your possessions after you pass away. There are other types of wills, including living wills, which outline instructions for your medical care in the event that you are incapacitated and unable to make decisions for yourself. There are also joint wills that represent the combined wishes of married couples. 

However, both last wills and testaments and joint wills only take effect after your death and typically require a Utah court process called probate before their terms can be legally validated. Because probate can be a time-consuming and costly procedure (and because planning for more than just death is necessary), it is important to have additional estate planning documents, such as a trust. These documents can help you prepare for various life events and ensure that your assets are managed according to your desires.

What Is A Trust?

A trust is a third-party legal agreement intended to provide protection for your assets. You, the grantor, create the trust and name a trustee (a trusted third party) to manage the assets on your behalf for those you have chosen to inherit them, called beneficiaries. You could also create a situation in which you fill the role as trustee or have a backup trustee in case you are incapacitated or pass away. You could also name backup beneficiaries. Once a trust is established, it’s effective immediately and gives immediate protection for your assets. There are several types of trusts to serve distinct functions, including:

  • A Revocable Trust: This can be altered or revoked during your lifetime.
  • An Irrevocable Trust: Once established, it cannot be modified or revoked.
  • A Living Trust: A living trust is a formal document that lets people put their property into a trust while they are still alive. The grantor or settlor of the trust might appoint themselves as trustee and retain control of the assets. The trust governs wealth management and distribution both during and after the grantor’s life. 
  • A Testamentary Trust: A type of trust established through a person’s will and goes into effect upon their death. This trust allows the individual (testator) to specify how their assets should be managed and distributed to beneficiaries after they pass away.
  • A Charitable Trust: Designed to benefit charitable organizations or causes.
  • A Special Needs Trust: A trust that provides for the needs of an individual with disabilities without affecting his or her eligibility for government assistance. 
  • A Spendthrift Trust: A trust designed to protect assets from creditors and limit the beneficiary’s access to funds.
  • And more

It’s quite possible that you might end up needing more than one type of trust. Different types of trusts have different purposes, and they also have different advantages. Be sure to speak with your lawyer to figure out which kind of trust works best for you and aligns with your goals.

Why Is It Important For You To Work With Our Hildale Wills And Trusts Lawyers?

Creating a will and trust is crucial to avoid burdening your loved ones with legal complications if something were to happen to you. By working with our knowledgeable Hildale wills and trusts lawyers, you can ensure that your family is taken care of in the event you are unable to do so.

Some individuals may attempt to save money by crafting their own will and trust using online templates. However, this is a risky proposition that may not serve your best interests. Estate planning lawyers undergo years of education to understand the intricacies of drafting these complex documents. They are well-versed in the latest state laws, which may not be accurately represented in online resources. 

Moreover, these resources cannot be tailored to your unique family situation. If you have a blended family, for instance, there are specific considerations that our firm can assist you with. Our Hildale wills and trusts lawyers will ensure that your documents are legally compliant and will effectively serve their purpose when you or your family need them. 

Trust ProvenLaw To Give You Peace Of Mind 

At ProvenLaw, we are well aware that creating a will or trust can be a very intimate and personal process. We care about your future as well as the future of your family members. We take the time to listen to your situation and will patiently answer your questions about the various types of wills and trusts and how they can be used to achieve your objectives. We pride ourselves on our professional service to the communities of southern Utah and extend our offer to serve you and your family. Start today by setting up a free consultation and learn how we can help you protect your assets and secure your legacy.

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Hildale, UT Practice Areas

Tom and his staff were very helpful and patient in explaining everything to me because I had no idea what I was needing or doing. Very timely and extremely helpful. I have already recommended them to friends who knew I was going through the process.

Shawn J.

Tom and his staff were very helpful and patient in explaining everything to me because I had no idea what I was needing or doing. Very timely and extremely helpful. I have already recommended them to friends who knew I was going through the process.

Shawn J.

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