Developments in Utah Transfer on Death Deeds 2024
In 2024, a significant update to estate planning in Utah is the growing popularity and legal clarity around Transfer on Death Deeds (TOD Deeds). This legal tool, which allows property owners to pass real estate directly to a beneficiary upon their death, without going through probate, has significantly simplified basic estate planning in Utah.
The Responsibilities and Duties of a Trustee:
How to Select the Right Trustee for Your Living Trust A living trust is a powerful estate planning tool that allows you to manage your assets during your lifetime and ensures they are distributed according to your wishes after your death. One of the most critical decisions in establishing a living trust is selecting the […]
The Pitfalls of Joint Ownership
Joint property, also known as joint tenancy, is nothing but an estate planning pitfall. Although joint tenancy has been assailed for years by many estate planning experts, it remains- unfortunately-a very popular form of property ownership. Joint tenancy is a pitfall because you cannot control where such property passes after your death. In joint tenancy, […]
Probate, What Is It and How To Avoid It
You may have heard that probate is somehow bad and that you should avoid it, but you aren’t sure why or how to avoid it. This article provides an overview of probate, the reasons many people want to avoid it, and ways to avoid probate. Probate is the legal process of validating a will and […]
Most Estate Plans Don’t Work!
It may come to a surprise to most people to hear an estate planning attorney admit that most estate plans don’t work. In our experience, however, that is indeed the sad reality. They “don’t work” because they fail to meet the expectations of planner. That’s to say if the decedent could see what happened to […]
