Life is uncertain. While no one likes to think about their mortality, the hard fact is that everyone will pass away some day and leave assets to someone else. If you don’t have an estate plan in place, we highly suggest you consider talking with our firm. Estate plans can help you make sure that your assets go to your designated beneficiaries Estate planning is more than simply creating a will. It arranges your affairs and finances so things happen as you wish after you die – or even, in some cases, when you’re still alive. An estate plan determines how an individual’s assets will be managed and distributed after passing. Ensuring the security of your loved one’s future financial situation can be impacted by your decisions made today. Estate planning is the preparation of your asset base tasks to manage your assets in the event of incapacitation or death. Preparation tasks include creating a will (a legal document that provides clear instructions on how to handle the individual’s property and custody of minor children), establishing trusts, naming an executor and beneficiaries, and setting up funeral arrangements. One of the best things you can do for yourself and your loved ones is to create a will. Wills and trusts are designed to safeguard your family’s future. Assets can include cars, houses, stocks, life insurance, pensions, and debt. Estate planning is also important if you are looking to fund your descendant’s education. To preserve family wealth and/or ensure the survival of your family, estate planning is essential. Key Points Things To Do Before You DieEstate planning goes beyond drafting a will. Thorough planning means accounting for all of your assets and ensuring they transfer as smoothly as possible to the people or entities you wish to receive them. Along with implementing your plan, you must make sure others know about it and understand your wishes. Not sure how to get started? Follow this checklist, and you’ll have covered most, if not all, of your bases. • Itemize Your Inventory: To start things out, go through the inside and outside of your home, and make a list of all valuable items. Examples include the home itself, television sets, jewelry, collectibles, vehicles, art and antiques, computers or laptops, lawn equipment, and power tools. The list will probably be a good deal longer than you may have expected. As you go, you may want to add notes if someone come to mind that you’d like to have the item after your death. How to Avoid Estate Planning Mistakes In Sandy, UtahEstate planning is important; without one, your loved ones may have to wade through tedious legal procedures after you die and your final wishes may not be recognized by state probate and intestate laws. In fact, the most common mistake people make when planning their estates is not actually taking the time to plan. To ensure that your last wishes are acknowledge, talk to an attorney and begin planning for the security of you loved ones today. It is important to name a legal guardian for your minor children in your estate plan. Until now, you may have assumed that estate planning only involved your personal belongings and financial assets. This is false. Without an assigned, legal guardian, the state will decide who raises your children if you die before they reach legal adulthood. You can only assigned guardianship in a will. Avoid this mistake by making sure that your children’s future is protected in your estate plan. Joint ownership is another mistake that people make when planning your estate. It is not unusually for elderly people to add an adult child to the title of their belongings and assets to avoid complicated legal procedures after they pass away. This may be problematic for several reasons. First, joint ownership decreases the amount of control you have over you estate – you might even lose some of your assets to your joint owner’s creditors or ex-spouse. After you die, your assets will probably be distributed via the probate process. If you have a will, your loved ones cannot receive their inheritances until probate is complete. One common mistake made by individuals planning their estates is failing to avoid probate. Probate is tedious, but you may be able to avoid it by establishing co-ownership, beneficiary designations or a revocable living trust. Because co-ownership is not preferred, the best way to avoid probate is through a living trust. Estate planning can take effect before you die. If you become seriously ill or incapacitated before you pass away, your estate may fall into the hands of your beneficiaries. For example, if you suffer a stroke and are unable to manage your assets, someone else will be appointed to take care of them. If you plan ahead for incapacity, you are able to control who will be in charge of you estate if you become seriously. Additionally, you may include instruction for your medical care in the event of serious incapacitation. Using a qualified attorney to help you plan your estate is imperative. Avoid using kits, online programs, or attempting to plan your estate by yourself. An experienced attorney can help you understand the estate planning process, help you avoid probate and give you peace of mind about the future of your family, belongings and financial assets. Estate planning involves a variety of tedious laws, statutes and regulations. Protect your final wishes by having a knowledgeable lawyer on your side. Estate planning isn’t a one-time event. As your wishes, financial circumstances and other variables change, you may wish to adjust something in your plan. For instance, if a specific charitable organization becomes significant to you, you may want to leave a gift for it when you die. Your personal wishes and circumstances are always changing; your plan should too. If you have questions about estate planning, writing a will or establishing a living trust, talk to an attorney today. Having a knowledgeable lawyer guiding you through the estate planning process can help you secure the future of your assets, family, and ensure that your final wishes are executed correctly. Free Initial Consultation with LawyerIt’s not a matter of if, it’s a matter of when. Legal problems come to everyone. Whether it’s your son who gets in a car wreck, your uncle who loses his job and needs to file for bankruptcy, your sister’s brother who’s getting divorced, or a grandparent that passes away without a will -all of us have legal issues and questions that arise. So when you have a law question, call Ascent Law for your free consultation (801) 676-5506. We want to help you!
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8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
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From Wikipedia, the free encyclopedia
Sandy is a city in the Salt Lake City metropolitan area, located in Salt Lake County, Utah, United States. The population of Sandy was 87,461 at the 2010 census,[5] making it the sixth-largest city in Utah. The population is currently estimated to be about 96,380 according to the July 1, 2019 United States Census estimates.[6] Sandy is home to the Shops at South Town shopping mall; the Jordan Commons entertainment, office and dining complex; and the Mountain America Exposition Center. It is also the location of the soccer-specific America First Field (formerly known as Rio Tinto Stadium), which hosts Real Salt Lake and Utah Royals FC home games, and opened on October 8, 2008. The city is currently developing a walkable and transit-oriented city center called The Cairns. A formal master plan was adopted in January 2017 to accommodate regional growth and outlines developments and related guidelines through the next 25 years, while dividing the city center into distinct villages. The plan emphasizes sustainable living, walkability, human-scaled architecture, environmentally-friendly design, and nature-inspired design while managing population growth and its related challenges.[7] [geocentric_weather id=”19be62c0-da28-40d5-8a29-ed15e7ac595d”] [geocentric_about id=”19be62c0-da28-40d5-8a29-ed15e7ac595d”] [geocentric_neighborhoods id=”19be62c0-da28-40d5-8a29-ed15e7ac595d”] [geocentric_thingstodo id=”19be62c0-da28-40d5-8a29-ed15e7ac595d”] [geocentric_busstops id=”19be62c0-da28-40d5-8a29-ed15e7ac595d”] [geocentric_mapembed id=”19be62c0-da28-40d5-8a29-ed15e7ac595d”] [geocentric_drivingdirections id=”19be62c0-da28-40d5-8a29-ed15e7ac595d”] [geocentric_reviews id=”19be62c0-da28-40d5-8a29-ed15e7ac595d”] The post Estate Planning Attorney In Sandy Utah appeared first on Ascent Law. via Ascent Law https://ascentlawfirm.com/estate-planning-attorney-in-sandy-utah/
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Probate LawyerProbate Lawyer in West Jordan Utah. If you need probate lawyer, trust attorney, inheritance counsel, living trust, last will and testament, call 801-676-5506 now for a free consultation. Archives
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