Utah Estate Planning

About Marc Austin

Our firm has years of experience and a high level of expertise with estate planning in Utah. We are responsive to the needs of our clients, giving them the personal attention necessary to fully understand and analyze their situation, and then providing the legal services to meet their goals and objectives. We develop long-term attorney-client relationships so that you and your family or other beneficiaries will benefit from the investment you make in quality legal services. Our experience shows that this type of long-term relationship provides the greatest value and benefit to our clients.

What is your estate?

Contrary to popular belief, you don’t need to own a huge house for it to be considered an estate. Your “estate” consists of everything you own when you die. This will include all but not limited to your home, personal property, investments, bank accounts, retirement plans and any ownership or interest in a business or partnership.

What is estate planning?

Estate planning is the process of anticipating and arranging for the disposal of an estate during a person’s life. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses. However, the ultimate goal of estate plan is determined by the specific goals of the client and may be as simple or complex as the client’s needs dictate.

Source: Pauper Planning Techniques. Curnalia Law, LLC. Retrieved July 13, 2014

Do You Need An Estate Planner?

If you die without a will or living trust (“intestate,” in legalese), state law will determine how most of your belongings are distributed, and the result may not be what you would want. If you do not want the state to determine this matter, we recommend that you speak with a qualified estate planning attorney in Utah.

WILLS

TRUSTS

• Revocable living trusts
• Irrevocable trusts
• Irrevocable life insurance trusts
• Special needs trusts (third-party and self-settled)
• Residence trusts
• Qualified Personal Residence Trusts (QPRTs)
• Qualified Terminable Interest Property Trusts (QTIP Trusts)
• Grantor Retained Annuity Trusts (GRATs)
• Charitable Remainder Trusts (CRTs)

POWERS OF ATTORNEY

• Durable General Powers of Attorney
• Limited Powers of Attorney
• Health Care Directives (living wills)

WRITTEN STATEMENTS DISPOSING OF TANGIBLE PERSONAL PROPERTY

REAL PROPERTY TRANSFERS

BENEFICIARY DESIGNATIONS FOR

• Life Insurance Policies
• Annuity Contracts
• IRA accounts
• Brokerage accounts
• Retirement plans
• 401(k) plans
• SIMPLE Plans
• POD designations on bank accounts
• TOD designations on limited partnerships and LLC interests

INDIVIDUAL TAXATION

GIFT TAX RETURNS