Estate Planning Attorney in Salt Lake City UT
Estate Planning Lawyer in Salt Lake City UT
Utah Estate Planning Attorneys
If you're looking for a Estate Planning Attorney in Salt Lake City UT, you've come to the right place. Our neighborhood Estate Planning law firm, Utah Estate Planning, chapter 7 and chapter 13 cases, has been providing high quality services to clients for over 20 years. We specialize in designing the best Estate Planning case for you and putting you first to get in front of your debt and financial problems.
Many people associate Estate Planning with the elderly. However, an estate plan is relevant to all adults, including children. An estate plan is designed to ensure that the assets you have accumulated will be passed on to your loved ones in the manner of your choosing.
Let's start with the basics. An estate plan is a legal document that says who should get your property when you die and how they should deal with it. It may also include arrangements for taking care of family members or dealing with incapacities in advance.
Laws vary from state to state, but here are some common principles of estate planning:
· You can give property to anyone you choose while you're alive, but only in a will can you name a person to inherit your property after you die.
· Most states recognize the following kinds of wills:
"Last Will and Testament" - The most common kind, this is a statement of your wishes about distribution of property after your death.
· Anyone who receives property through a will must be at least 18 years old unless he or she is already legally married or has children.
· If there is no valid will when someone dies, that person's assets pass through intestate succession. This means that the laws in effect at the time control who inherits and how much each heir receives.
There are 8 attorneys at the law office and Ryan E. Simpson has been a Estate Planning lawyer for years, doing literally hundreds and hundreds of Estate Planning cases in Utah.
Estate Planning Law Firm Salt Lake City UT
Call to get a free consultation today (801) 676-5506
Last Will and Testament In An Estate Plan
First, a will is not a contract. It is simply a declaration of one's wishes that takes effect after death. A will is not a binding contract to transfer property. It is an expression of your intentions upon your death. If you die without a will, the court will appoint someone to carry out the terms of the intestacy statute.
So if you want some property to go to someone other than the person or people who would receive it under the intestacy statute, then you must either make a will or inform that person in writing of your wishes and give them the document you want them to have. But remember that even if you die with a valid, written will, there is no guarantee that the terms of your will will be carried out as written. The Courts can alter or reject any part of your plan for distributing property if there are circumstances which would render enforcement unfair to certain people or contrary to public policy. However, since it is part of your estate plan, and since the courts are loath to overturn anything in an estate plan, this is something unlikely to happen.
The easiest way to make a Last Will and Testament, is to purchase a will from an attorney. However, it is just as easy to write your own. While most people would rather purchase a will than write one, writing your own will can result in things not being done correctly or resulting in an estate lawsuit after your death.
Durable Power of Attorney in Estate Planning
A durable power of attorney is a document that allows one person to manage the financial affairs of another person in case that other person becomes incapacitated.
A power of attorney can be "durable" or "springing". The durable power of attorney remains in effect no matter how incapacitated the grantor. The springing power of attorney goes into effect when the grantor is incapacitated.
A grantee under a durable power of attorney has the same rights as the grantor had before becoming incapacitated. This means that if you grant your mother a durable power of attorney, she will have legal control over your assets, but only if you become mentally incompetent. A grantor should choose a trustworthy individual to serve as his agent under the durable power of attorney.
The durable power of attorney is effective immediately and terminates upon the death of the grantor or when it is revoked by the grantor. A properly executed durable power of attorney will terminate any previous power of attorney for health care or for finances that you may have granted.
If you are concerned about an aging parent or adult child who may need help managing his finances, consider appointing him to be your agent under a durable power of attorney for finances before he has
The Durable Power of Attorney in Estate Planning is a document by which you grant to another person the right to handle your financial affairs and make certain decisions for you in the event that you are not able to do so yourself.
Ascent Law can help you Estate Planning or administer an Estate whether there is a last will and testament or whether there is no will or trust (that is called intestacy). The Utah code sections to start a review of is in the Utah Estate Planning Code starting in Section 75-2-101, which you can find here.
Advanced Health Care Directive in Estate Plans
This is the beginning of of what a Utah Advanced Health Care Directive in Estate Planning looks like:
I, __________, being of sound mind and memory, do hereby make, publish and declare this to be my Advanced Health Care Directive in Estate Planning.
Advanced Health Care Directive in Estate Planning: I direct that I direct that after my death all of my organs and body parts should be donated for transplantation or medical education or research purposes; or for any other purposes authorized under the Human Organ Transplant Act and/or the Medical Education Act. I also direct that, unless authorized by me at the time of donation, no autopsy nor post-mortem examination shall be carried out upon my body nor any of my organs and body parts.
I authorize ___________________ (hereinafter referred to as "the Donor") to act as my agent to carry out this directive. I also authorize _________________ (hereinafter referred to as "the Recipient") to receive my donated organs and/or body parts.
I also authorize the Donor to carry out any special requests with respect to the manner in which my organs and body parts are used. For example, they may be used to further scientific studies or medical education. They may also be given directly to family members for burial after appropriate
A review of an Advance Health Care Directive in estate planning is a must for any person to ensure his or her wishes are carried out after death. The advance directive allows the individual to make his or her own decisions concerning the type of medical treatment he or she will receive during the terminal stages of life. The directives can be made to include various circumstances such as mental and physical incapacity, terminal illness, decision making after a coma or if you are on life support.
Revocable Living Trust In Estate Planning Trusted by Utah Residents
A revocable living trust is a legal document that allows you to transfer title of your property to a trustee that you name in the trust. The trust is then used to manage your property and also make sure it is passed on to your heirs after you're gone.
What is a Revocable Living Trust?
A revocable living trust is a legal document that allows you to transfer title of your property to a trustee that you name in the trust. The trust is then used to manage your property and also make sure it is passed on to your heirs after you're gone. In situations where there are no children, grandchildren or spouse, this can be an especially useful tool for estate-planning purposes. It allows you to provide for beneficiaries without having them actually inherit the property when you die.
A simple way of looking at it is this: A revocable living trust is used as an asset manager for your property during life and as an estate-planning device when death occurs.
What Do I Need To Set Up A Revocable Living Trust?
You'll need at least one witness, who must be 18 years or older, not related to you and not the person helping with the trust agreement. You should also have a certified copy
A revocable living trust is a legal document that allows you to transfer all your assets into your own possession, without necessarily going through probate. You can make changes or revoke it at any time during your life or right before death.
We make your satisfaction our top priority, so we will not stop until the Estate Planning is completed and we do all we can do for you.
Why Choose Us for Estate Planning?
We've been offering top-quality Estate Planning services in Salt Lake City UT for over 20 years. We utilize the finest quality services and legal guidance and top notch services to protect our clients.
New clients receive a 100% free Estate Planning consultation. In order to ensure your success our Estate Planning attornesy will be working with you side-by-side.
Enjoy a Estate Planning service that will meet your expectations with hassle-free payment plans and a lower cost if you pay all upfront!
Get A Free Estate Planning Consultation Today
You can get a complimentary Estate Planning consultation today if you're curious about cost, time frame, or any other aspect of the Estate Planning process. The professionals will review your case, make sure you qualify, and provide precise feedback regarding the best way to proceed.
8833 South Redwood Road, Suite C
West Jordan, Utah 84088
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