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Snow Jensen & Reece Law Blog

Why even young parents need an estate plan

If you are a parent to young children, then there is no doubt that you are busy. You are probably busier than you have even been in your life, or ever realized that you would be.

With meals to cook, rooms to clean, children to chase and work to do, creating an estate plan is probably the last thing on your to-do list. But here are three reasons why putting off an estate plan is a huge mistake.

Estate planning and issues related to dementia

Dementia can lead to many things for a person and their family.

For one, dementia can cause a person to eventually lose the ability to make important financial and medical decisions. When this situation arises: major questions can come up for a family regarding who gets to make these decisions and what decisions should be made. Without guidance and direction on these matters being put out in advance, these issues can give rise to a lot of anxiety, and even fighting, within a family. 

The simple reason why you can't afford to postpone estate planning

Among all of the services you may need throughout your life, chances are good that estate planning is not high on your priority list. Like most people, you may think that you have lots of time to get to it . . . eventually. And because no one wants to contemplate their own mortality, you may keep putting it off indefinitely.

The sobering reality, however, is that none of us knows exactly how much time we have left. Even if you are young and healthy, there are no guarantees about what tomorrow may bring. And because of this, having an estate plan in place should be a high priority.

What generally happens in the merger review process?

A lot needs to happen when two companies decide to work out a business merger or acquisition. Not only does the a company have to ensure the support of shareholders and get the financial and logistical aspects of such a deal worked out, there are also legal issues that have to be addressed. One specific legal process that has to be engaged is the merger review process.

Merger review, which is overseen by the Federal Bureau of Competition, aims to ensure that large companies are not going to threaten competition and gain a monopoly on their market as a result of coming together. In determining the potential threat to competition, the Bureau looks at market dynamics and, if necessary, takes steps to prevent a merger from occurring.

DirecTV service stall-out a reminder of the importance of effective contract negotiation

Utah readers who subscribe to DirecTV may remember that the first football game of the NFL season was unavailable for viewing last month. The reason the game never aired is apparently that NBC’s affiliate in Utah, KSL-TV, has been off the air completely for DirecTV subscribers due to a contract dispute.

KSL says that DirecTV has failed to provide fair compensation for airing its programs while DirecTV accuses KFL of requesting too much. Sources didn’t provide any specifics about the terms of the dispute, but KSL maintains that the compensation it is requesting is fair and comparable to what other cable companies have agreed to pay. The contract at issue in the dispute apparently ended at the end up June, but was extended several times prior to service being cut off.

Using trusts for minors in estate planning

Estate planning can involve a variety of different challenges, depending on your financial and family situation, and your specific wealth goals. Among the many challenges folks face in estate planning is addressing wealth distribution to minors. Because minors are unable to own property on their own, it is important to use estate planning as an opportunity to provide for the support of children.

There are a variety of ways to do this, but trusts are a particularly useful tool in this area. The reason trusts are so useful is that a parent or grandparent is able to leave behind financial support for a child while leaving it to a fiduciary to ensure that the wealth is used for its intended purposes.

A new lease on life -- or a condo with a view

A landlord/tenant relationship can be like a marriage, with both sides content that they made the right decision for the long-term. The relationship also has in it elements of a contentious divorce, filled with acrimony, he-said/she-said disputes and possible eviction from a once-happy home.

For both commercial and residential landlords in St. George, the marriage metaphor only goes so far. The reality is that far too often landlords find that tenants have violated terms of a lease and threaten to vacate without paying what they owe.

Disputes can arise between homeowners and homeowners associations

A person's home can be a major place of rest and relaxation for them. However, sometimes, a person also experiences a great amount of stress when it comes to their home. One type of stressful situation that can sometimes arise for a homeowner regarding their home are disputes with their homeowners association

Being a member of a homeowners association can have many benefits for a homeowner. It can, however, also have its challenges. Homeowners associations generally have a wide range of different rules and regulations that the members of the association are subject to when it comes to their property. These rules and regulations can touch on a wide range of different things regarding a homeowner's property. Sometimes, disputes regarding these rules and regulations arise between a homeowner and their homeowners association.

How to choose a health care agent

Advance health care directives are among the most important estate planning documents you can create. They allow you to express your wishes about end-of-life care, and give you the opportunity to appoint an agent to be in charge of making your medical decisions if you can no longer do so on your own.

For an advance health care directive to be successful, it is important to choose the right person to be your agent. Certain qualities can make a person better suited to carry out this responsibility on your behalf.

What can a trust do for you and your family?

When a person sits down with a St. George attorney to plan their estate, they do something people are often reluctant to do: look at a world that does not include themselves. It's the world that exists after your death.

While few of us will look at the world that way for sheer pleasure, it's something we must do if we have children, a business, a home or other substantial assets.