Salt Lake City Estate Planning and Probate Lawyers
Estate Planning is an essential part of making sure that you avoid probate, which is the process of administering and dividing a person's estate through the courts. Although administering an estate through the probate process is common, it is often a time-consuming, contentious and expensive circumstance that can be avoided through careful estate planning.
Perhaps the most forgotten or underused aspect of trust planning is the ability of a good trust plan to manage your potential incapacity. We have encountered numerous instances where a will and a power of attorney were insufficient to protect a person when they lost the ability to manage their own affairs and costly judicial processes were necessary to provide for the person. A quality trust plan will virtually eliminate this possibility and provides the best mechanism for you to direct how your estate should be managed and how you should be cared for in the event you can't manage it on your own.
What You Can Expect
Another purpose of estate planning is to help a person ensure that their assets and property are distributed according to their wishes after they pass away. The goal of proper estate planning is to eliminate any uncertainties and to provide the client with peace of mind. Proper estate planning can also reduce taxes and other expenses by ensuring that the estate is distributed according to your wishes.
Most importantly, however, quality estate planning will hopefully reduce the risk that family relationships will be destroyed by contention over your estate. We believe that these relationships and your values are often far more important than the phsyical assets. That is why our motto is: Estate planning is not about what you own, it's about what you value!
Our firm handles a variety of issues involved in estate planning, such as:
- Trust Planning
- Asset Protection
- Charitable Planning
- Special Needs Planning
Probate is the judicial process of administering a decedent's estate. Someone is appointed by the court to pay the final bills and taxes (if any) and distribute the remainder to those persons named in a will or to the nearest living relatives if no will exists. If you have gone through proper estate planning, this process may be avoided, saving your loved ones time and money by avoiding court.
Our goal is to help individuals plan their legacies. Call us today at (801) 463-2600 for a free consultation!