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What You Should Know about Your Parents’ Estate Planning in Alpine

Talking to older or retired parents about their estate plan isn’t necessarily something we look forward to, but elder lawyers in Alpine have seen first-hand why it’s so important.  Of course you don’t want to think about your parents’ death or to come across as insensitive or greedy.  On the other hand, though, ignoring these important conversations tends to make things significantly more difficult and expensive down the road.

Is there a Plan in Place?

There are several things that you should know about your parents’ estate plan, the first of which is whether or not they actually have one.  If not, you’ll want to start looking into elder lawyers in Alpine to get the process started.  Not only will an elder lawyer help with wills and trusts, but they can also help fund retirement, assist with senior living options, and much more.

Michael Jace’s Kids Spend 4 Painful Hours In Police Custody Following The Death of Their Mother…

Much to the public’s shock and surprise, actor Michael Jace, best known for his role in the ‘The Shield,’ was charged with murder following the untimely death of his wife in May.

According to reports, Jace called 911 on himself after allegedly shooting his wife in front of his small children.  Besides the obvious trauma that the children faced, family members are up in arms that the kids were forced to spend four painful hours in the sheriff’s office while police sorted out the situation, rather than being placed in the care of loved ones.

Following Protocol

As unfortunate and terrible as it sounds, what most parents do not realize is that if something happens to them, whether it be a car accident or a heinous crime (as in this case), without TEMPORARY GUARDIANS named, the police have no choice but to take your children into custody until authorities can decide where they should be placed. As Provo guardianship lawyers, we see this happen all the time.

Can Your Children’s Spouses Inherit from You? | American Fork Will and Trust Lawyer

Will and trust lawyers in American Fork see plenty of situations where parents who love their children are not entirely in love with their children’s spouses.  This can make the estate planning process a little tricky, because the spouse can add tension and stir up drama that wouldn’t have been there otherwise.  While some people include their sons-and-daughters-in-law in the planning process, it’s not all that unusual to leave them out.

Is Estate Planning Important for You? | Lehi Trust Lawyer

While trust lawyers in Lehi have seen first-hand how important the right legal documents are, we also understand that there is no one-size-fits-all approach when it comes to estate planning.   For example, the needs of one family will likely be completely different from those of another.  Likewise, a certain single professional may benefit greatly from working with an estate planning lawyer, while another would have very little need at this point in his or her career.
 
So, how do you know what you need?  The real answer is probably that you should talk to a trust lawyer in Lehi, but that sounds a little self-serving.  Instead, here are a few circumstances to get you started, and if you find that they get you thinking about what might be right for you, then it’s probably time to hire an attorney.

Alpine Will Lawyer Says “Exercise Caution When Purchasing Annuities”

Will lawyers in Alpine have a variety of tools at their disposal to help their clients make the best possible choices when it comes to creating long-term plans for their wealth.  Wills, trusts, prenuptial agreements, insurance policies…there are so many ways to grow and protect what you’ve worked so hard for.  In many, many cases, and annuity is a great strategy for having an ongoing income during the retirement years.

Utah County Estate Planning Lawyer Advice for Second (or Third) Marriages

Estate planning lawyers in Utah County work with clients at all different stages of life.  For example, many couples realize the importance of meeting with an estate planning lawyer before getting married.  While things are rarely straight forward (every situation is unique, after all), they can get pretty complicated in cases where one or both of the parties involved has been married before.

Who Owns What

When you enter a second or subsequent marriage, you’re likely bringing quite a bit of “stuff” with you.  You probably have various accounts that are all in different names: his, hers, and theirs.  The same is true of assets.  And then there are kids to consider.  Some accounts and assets might have the children’s names on them, too.

Who Would Care For Your Pet If Something Happens To You? Lehi Estate Lawyer Answers

So many Americans are pet owners, and estate lawyers in Lehi have various ways of helping their clients to care for these pets.  To be honest, it’s pretty common to overlook the potential need to plan for a pet after your death, but it’s something that more and more people are recognizing as an integral part of their own estate planning process.

Most of the time, a person just assumes that their children or a friend will simply take the pet into their home, but that may be an overly-optimistic plan.  Instead, it might make better sense for pet owners to spend a little time with the estate planning lawyer to put plans in place for the animal’s long-term care and happiness.

The methods for setting up this kind of plan can vary.  You and your attorney may feel that it’s reasonable to simply outline your wishes in the will.  On the other hand, you may prefer to create an actual “pet trust” that not only lays out your wishes but also funds them.

Learning More about Wills and Trusts Lawyers in Utah

Residents of Utah often find themselves procrastinating, even if they know the importance of meeting with a wills and trusts lawyer.  The whole subject just seems so complicated, and there are certainly more enjoyable ways to spend one’s time then pondering death and taxes.  The fact that things can be really confusing seems to give us all the encouragement we need to just tell ourselves that we’ll take care of the estate planning stuff “later.”

Of course, you know what I’m going to say next!  You never know when “later” is going to make an appearance, and if you’re not set up in advance, all the legal advice about wills and trusts in the world won’t be of any help.  Yes, this truly is something you need to do in advance.  Perhaps demystifying some of the terms involved with wills and trusts will give you the confidence you need to take the next step.

Estate Planning Lawyer In Lehi Talks Conservatorships

Every once in a while, we see situations where some celebrity seems to be going off the deep end, and someone—usually a parent—is named as their “conservator.”  But, what exactly does this mean, and are out-of-control starlets the only ones who need conservatorships?  As a Lehi lawyer, it is sometimes necessary to get involved with creating conservatorships for a variety of reasons.

What Is a Conservatorship?

Most commonly, conservatorships are used to give a person authority to make financial or health care decisions for another who is unable to make sound decisions on their own.  We’ve seen this play out publicly and spectacularly in situations such that of Britney Spears a few years ago.

Should You Create Your Own Wills and Trusts in American Fork?

 We live in an incredible age where all kinds of information is right at our fingertips via the Internet.  We have more power to learn and do things for ourselves than at any other time in history.  This is great for empowerment and building knowledge, but it can occasionally get us into a little trouble.

For example, wills and trusts lawyers in American Fork are finding that they often have to educate potential clients on the dangers of do-it-yourself estate planning products that can be found online.  While these products certainly seem like they can save money in lawyer’s fees, it’s a really good idea to examine them more closely.  A short-term payoff now will often lead to major financial implications later.

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