Blogs

Preliminary Do’s and Don’ts for Special Needs Planning in Salt Lake County

Special needs planning in Utah can be daunting if you’re just starting. However, a Salt Lake County special needs lawyer can save you the headache of planning and the worry over whether your plan will be executed properly. If you’re new to special needs planning and aren’t sure where to start, check out these do’s and don’ts for starting estate planning for your child with disabilities.

Salt Lake City Probate Lawyer: The Person Who Provides for You Suddenly Dies. What Happens to You?

When the primary breadwinner dies, his or her surviving spouse, domestic partner and minor children can find themselves without the necessary resources to maintain their current lifestyle. If you find yourself in this position, you do have options.

Keep it in the Family: Salt Lake City Estate Planning and Family Businesses

Giving your children and grandchildren the legacy and pride of a family business can keep your nose to the grindstone for decades. Financial security, family harmony, and growing wealth together are some of the benefits of a family business. Legacies are meant to outlive the legacy makers. If you’re a business owner in Utah, don’t hesitate to consult an estate lawyer to help you plan for the future.

The End of Solvent Trap Adapters?

We’re often asked about using a solvent trap adapter as a substitute for buying a suppressor from a dealer.

The person asking the question is often interested in avoiding the wait time on a Form 1 or Form 4 application and in saving the $200 tax involved with those applications. We advise folks that they should not even consider it without an approved Form 1 in hand, but would be better off looking at a good commercial silencer in the first place.

Pet Trusts Explained

When we prepare our estate in case of the event of our untimely death, you often take many things into consideration. Your children’s well-being, the division of your property and inheritance, and even avoiding taxes are all things commonly considered during estate planning. One aspect that is often forgotten or ignored is the welfare of your furry companions.

What are Asset-Protection Trusts?

If you want to protect your assets from creditors or to alleviate the effects of taxes or divorce, a domestic asset-protection trust can help you feel secure. Trusts have a variety of uses and protecting your assets is just one of them. When you set up an asset-protection trust, you will be protected from creditors and others who might claim you owe them money.

What are Special Needs Trusts?

Estate planning can be a tricky process and it only gets more complicated when your beneficiary has a disability. Luckily, there are special needs trusts to help make this process less complex. These trusts are made to allow a person with a disability to receive property that's held in the trust without losing government benefits.