Creating a comprehensive estate plan is a crucial aspect of securing the financial future of your loved ones. Here, in St. George, where a significant population resides, and family values hold utmost importance, understanding the intricacies of estate planning...
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Estate Planning
‘Tis the season . . . to address estate-planning needs
The holiday season is upon us. Christmas shopping has already begun in many St. George households, with decorations and meal-planning to be launched soon. Before things get truly hectic, there is still time to consider year-end estate planning tools that can benefit...
It’s dangerous not to have an estate plan in place
Several recent surveys that have been conducted by Gallup, caring.com and forbes.com during the past three years have all yielded similar data. They've all shown that as much as 60% of Americans have no estate plan in place. The reasons why individuals avoid doing...
Conservators and guardians aren’t automatically appointed in Utah
All Utah residents are considered to be adults when they turn 18. Once they reach this age, their parents or guardians are no longer accountable for their actions. They are responsible for their own. If you have someone that you care for that's unable to take care of...
What should be included in a living will?
While it's likely that you've heard of drafting a will, you may not have heard of a living will. It's an important part of your estate planning arsenal though. A living will is a legal document that an individual can use to detail the medical treatments that they'd...
Factors to consider when choosing a guardian for your kids
Most adults finally get around to handling estate planning once they start having children. An important step parents have to take when doing this is to appoint a guardian for their minor children. There are some factors that you should keep in mind when you start...
What taxes are due in Utah when a testator dies?
In some states, there's an estate tax that is tacked on to the money or assets that an individual leaves behind before they are distributed to their beneficiaries. Utah is one of 39 states that doesn't collect estate taxes, though. There's no gift or inheritance tax...
Should I store my estate planning documents online?
There's no disputing how important it is for you to keep all your estate planning documents together. By doing this, you will help ensure that the executor of your estate is easily able to find them when you pass away. If you're considering storing them in an online...
Tips to help you prepare your children to take over your company
The most valuable asset you own is your business. You're very proud of it and you have put decades of your life into it. After you retire, you hope that your children and their children can keep it going for generations to come. This is a delicate situation because...
Who can be a personal representative in Utah and what do they do?
When a person drafts a will, they'll be asked to appoint an executor of their estate to handle their final affairs. This individual, who's also known as a personal representative, is generally made aware of their role beforehand by the person writing the will, or...