Though typically thought of as planning for death, estate planning also plans for life. By having an estate plan you can be prepared for disability, old age, and medical needs as well as protecting assets. Our lawyers love estate planning. For over 20 years, we have been helping people and businesses succeed.
We also offer Probate and Trust Administration services. Call us today. Do I really need a will? If you live in Utah you may just want your property to be distributed by the default intestate laws. Most likely, however, you don't. In that case, you are a good candidate for a will. A trust is a tool that is often used to bypass probate.
We also offer Probate and Trust Administration services. Call us today. Do I really need a will? If you live in Utah you may just want your property to be distributed by the default intestate laws. Most likely, however, you don't. In that case, you are a good candidate for a will. A trust is a tool that is often used to bypass probate.
Services
The legal services of Maxfield Law, LLC include a broad variety of estate planning services. This particular website is dedicated to the legal services of Attorney Paul R. Maxfield who makes his practice a focus on assets and estate planning. Currently pages have been built for Wills, Trusts, Powers of Attorney, Advance Health Care Directives, Asset Protection, Probate, Charitable Giving, and Disability Planning.
When the phrase "Estate Plan" is used, it most commonly refers to the documents outlining a person's wishes for their estate i.e. Although every estate plan is different. For a single person, they commonly include a will, trust, power of attorney, and advance health care directives i.e. You need an estate plan when you have property that needs to be distributed when you die.
Wills are documents that allow a person to dictate where their property is to go after they die. A Will can also designate a guardian for children if a person should pass away before their children are grown. There are some defaults under the law that dictate where your property goes after you die unless you have a Will.
Trusts are agreements between a Trustor and a Trustee to hold, use, and eventually distribute property for the benefit of the Trust's Beneficiaries. A Trustor is the creator of the Trust, and usually the person who funds the Trust with his or her property. The Trustee is the person who receives property in trust for someone or something else.
A Power of Attorney is the power granted to one person to act in another's name as if the person who granted the power took the action themselves. These powers may be limited to certain acts, or may be broadly written to allow the grantee of the power to direct anyone the grantor could have otherwise directed.
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Christine Alleman
Dec 10, 2016
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