Estate Planning in Utah
One of the most important protections we can provide to our loved ones after our passing is a clear and complete estate plan. Comprehensive estate planning provides for more than just the distribution of assets. What clients talk about most when they come to my office is their family relationships. They talk about someone in the family whom they don’t entirely trust, or protecting an inheritance for children of a prior marriage (or from a future remarriage), or their grand-daughter who is still too immature to handle a large inheritance.
In other words, estate planning is not primarily about money. It’s about people, family, and their relationships. Estate planning is about planning for, and managing change. Estate Planning is about the changes that will take place within your family in the future. One of the main goals of estate planning is planning for the changes that will occur in your life in the next five, ten, or fifteen years. All of us will experience changes to our financial situation and physical health throughout are lives. All of these changes must be addressed prior to when they occur for your plan to accomplish its goals and continue to protect you and your family.
Estate Planning Attorney in Salt Lake City
A good estate plan can meet many needs, including the establishment of guardians for children, the creation of a variety of family or special needs trusts, or the instruction for end-of-life medical care. The lack of a comprehensive estate plan could lead to disputes among beneficiaries, inadequate protection of your assets from taxes or penalties, or guesswork on medical decisions.
Estate Planning Attorney in South Jordan, Draper and Salt Lake City
There are lots of strategies and tools in designing and implementing an estate plan that is right for you and your family. Every family’s situation is different but some of the tools we use in estate planning are listed below:
- Family Heritage Trusts
- Powers of Attorney
- Health Care Directives
- HIPAA Authorizations
- Dynasty Trusts
- Family Limited Partnerships
- Qualified Personal Residence Trusts
- Gift Programs
- Retirement Trusts
- Minor Trusts
- Tax Planning
- Charitable Planning, including Private Foundations and Charitable Trusts
ANSWERING Estate Planning QUESTIONS IN SALT LAKE CITY, DRAPER, AND SOUTH JORDAN
At Garner Law we will walk you through a detailed process to establish your needs and help you avoid the pitfalls of an unplanned estate. By creating a relationship with an attorney you can trust, you can take great security in knowing you have the best strategies in place to protect your loved ones, and that you have access to the guidance of an attorney who can provide assistance to your family when you’re gone.