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Succession Planning & Your Family Business
When you have a family business, it can be difficult to balance work and family. Keeping family issues separate from business matters can be tough. As a result, it is important to establish a strategy for transitioning the company to future generations. It is common for the owner of a family business to want his…
Estate Planning & How to Leave Your “Story”
Most people think about estate planning as a way to distribute their assets, but it can be much more. It is also a way for you to pass on the “story” of your life and the meaning behind your possessions. Everything you own has a history behind it and it is important for your loved…
Elder Law & the Unique Legal Issues of Seniors
Many people understand that “elder law” refers to helping older adults, but most people don’t really know the specific areas where an elder law attorney can help. There is a wide range of areas where we can provide legal guidance ranging from ways to protect your assets, to protect your loved ones, and to protect…
Are there Different Types of Wills?
When you create an estate plan, your will or trust is the document that sets forth how you want your estate distributed to your family, friends and other loved ones. A will or trust can be very specific and detail itemized assets that should pass to specific beneficiaries, or you can even exclude a certain…
Recently Divorced? Time to Update Your Estate Plan
When you create an estate plan, it is important that you do not file it away and forget it. If your life undergoes a significant change, it is important to update your estate plan to reflect those changes. Some of the common life changes that warrant updating your estate plan are marriage, death, birth and…
What does a Utah Probate Cost?
If you are handling the estate of a loved one, you are probably wondering how much a probate action will cost. No two cases are identical, so there is no easy answer to this question, but below is some general guidance: Attorney’s fees You will need to ask your probate attorney if they charge an…
What Happens if a Trustee Distributes My Inheritance to Somebody Else?
If you have been named as the beneficiary of a trust and the trustee is not acting appropriately, it is important to get help as soon as possible. Improper distributions of trust assets can be made by mistake or by intentional wrongdoing. Whatever the cause, the quicker you take action, the more likely you are…
Is a Limited Liability Company the Right Entity for your Business?
If you are starting a new business and you want to incorporate it as a separate legal entity, you should educate yourself regarding the pros and cons of the different available business structures. It is important to understand that if a business is not properly organized from the start, it can have costly consequences. If…
Personal Representatives in Utah
A personal representative is the name used to refer to the individual who administers the estate of a deceased person. To be eligible to serve as a personal representative, you must be 21 years of age or older, of sound mind, and have no conflicts of interest with the estate. In some cases, more than…
Utah Probate Basics
Many of our clients come to us because they have lost a loved one and they have no idea if a probate action is necessary or not. Below are some of the most commonly asked questions and answers, but we encourage you to contact us for help with your individual situation. Is a probate necessary…