Estate Planning

While you may already know whom you want to choose as your agent on your power of attorney, you may not know which legal abilities to grant the person. What powers should your agent have? American Bar Association explains how agents implement estate plans. Ensure your...

Creating your estate plan is just one step in a life-long process. After its creation, you must then maintain it, ensuring that it reflects your current life situation and wishes instead of conveying outdated desires and plans. But how do you know when to update your...

Estate planning is a complex process. As you progress further into it, you quickly discover that with those complexities comes the opportunity to preserve assets to pass on to your beneficiaries in Utah. Yet you might not list avoiding federal estate taxes among them....

As a new parent, there is a lot you have to do to take care of your child's needs right now. Nevertheless, you still have a responsibility to make plans for his or her future. As unpleasant as it may be to think about, part of that responsibility is planning for a...

As you grow older, you may suffer declining health. In time, you might not be able to make decisions regarding your finances or your health care. This is where designating someone to be your power of attorney may make a difference. You could avoid a conservatorship by...

If you do not have dependents and are not in a serious relationship, you may question your need for an estate plan in Utah. While you may not need to do quite as much as someone with a family and a large estate, making some plans can protect you and your future....

Setting up a trust and funding it by transferring your assets and accounts to it protects your wealth and provides for its management to benefit your children when you are gone. You may need to update your trust regularly and when major purchases or life events make...

A trust is an entity separate from you that can own assets. You can transfer ownership of assets such as your real estate or a bank account to the trust and appoint a trustee to manage them. Both individuals and corporations can serve as trustee, though corporations...

If you have a loved one with special needs, you likely have various concerns regarding their well-being, especially when it comes to their future. From their ability to receive the care that they count on to their ability to retain eligibility for critical government...

While tending to estate planning matters, you learn of a health care proxy. Is this vital for your estate? Medicare Interactive explores the health care proxy. Determine whether to tend to this matter now or later. What is a proxy? Understand that a health care proxy...