Estate Planning for an Estranged Child
Family relationships aren’t always straightforward, and an estranged child can add significant complications to the estate planning process. While emotions are often high, it’s crucial to understand how Utah law safeguards your rights and lets you create an estate plan that reflects your specific wishes. Utah Inheritance Rights and Disinheritance Unlike some states, Utah does […]
Read MoreAmending Estate Planning Documents: What You Should Know
Life is full of changes both expected and unexpected. As your circumstances evolve over time, it’s crucial to assess whether your estate plan still reflects your wishes. Often, updates to your estate planning documents are necessary to ensure they continue to accomplish their intended goals. Top 5 Reasons to Amend Your Estate Planning Documents There […]
Read MoreAdding Children to Asset Titles
Many parents consider adding their children’s names to asset titles with the hope of simplifying their estate planning, avoiding probate, or for other perceived benefits. However, it is crucial to carefully weigh the potential risks and advantages of this strategy before making any decisions. What Does Adding a Child to a Title Mean? Adding childrens’ […]
Read MoreBeneficiary Designations: Important Information on How to Move Forward
When it comes to estate planning, many people focus mainly on their will or trust. These are undoubtedly vital components of a solid plan, but the importance of beneficiary designations shouldn’t be overlooked. A beneficiary designation determines who receives the proceeds of your assets outside of your will or trust, such as your retirement accounts, […]
Read MoreWhy a Power of Attorney Should be Treated with Respect
Imagine being incapacitated, unable to make crucial decisions about your life, finances, and health. Who would you trust to step in, act on your behalf, and ensure that your best interests are taken into account? This is where the Power of Attorney (POA) comes in. A document of immense power and responsibility, the POA, when […]
Read MoreEstate Planning for Young Utah Parents
Often, young parents in Utah are engrossed in the daily whirlwind of life—caring for children, managing careers, and making important family decisions. Amid these challenges, planning for the unthinkable, such as sudden incapacitation or death, may seem remote. However, it’s precisely during these foundational years that setting up a sound estate plan becomes crucial. Here […]
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