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Estate Law: Why You Should Consider a POD Designation for Bank Accounts

Estate Law: Why You Should Consider a POD Designation for Bank Accounts

It's been said before that estate law is a lot more complex than most people think. One of the things that makes it more complicated is the probate process. Due to this, many people look for ways to avoid probate to ensure that their assets are distributed in a timely manner. One popular way to circumvent probate is to use a payable-on-death designation on bank accounts and certain assets. Learn about when this can be a good idea, and when it can be disadvantageous.

estate law , POD

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A Look at the Legal Significance of a Common Law Marriage

A Look at the Legal Significance of a Common Law Marriage

Many people are somewhat familiar with the term common law marriage. However, not everyone truly understands the history and contemporary status of this long standing practice. At its essence, common law marriage allows a couple to be recognized as married without going through the typical formalities. In addition, this form of marriage can provide several benefits to the parties involved. Learn more about the intricacies of common law marriage in Utah.

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Thinking of Hiring a Probate Lawyer? Learn How Fees Work

Thinking of Hiring a Probate Lawyer? Learn How Fees Work

As you may already know, probate can be a very confusing process. Due to this, many people find it easier to hire a probate lawyer for help. Yet, there are still some people that are apprehensive about hiring a lawyer due to the potential costs involved. One of the reasons for this apprehension is that potential clients don't really understand how fees are calculated. Once you learn what to expect, it can be easier to make the decision to hire an estate lawyer. Get a general understanding of how fees and costs are structured in a typical probate matter.

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A Look at Utah's Version of the Foreclosure Process

A Look at Utah's Version of the Foreclosure Process

Most home buyers enter into a mortgage agreement to further their dream of owning a home. Unfortunately, life sometimes presents unforeseen financial hardships. For some homeowners, this can lead to missed mortgage payments and possibly a foreclosure. Due to this, every homeowner should have some understanding of the foreclosure process. This knowledge will help you when you encounter financial problems that threaten your ability to make mortgage payments.

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What Happens When You Need to Dissolve Your LLC?

What Happens When You Need to Dissolve Your LLC?

You may have started a business with the best intentions in mind. Unfortunately, the business world is risky and unpredictable. A lot of new companies fail to make it. When this happens, you need to have an exit strategy in place. If you started your business as an LLC, there are some important steps to take in the legal sense. Learn what you need to do to dissolve an LLC when you decide it's time to close up shop.

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How to Deal With Settlement Offers for Personal Injury Claims

How to Deal With Settlement Offers for Personal Injury Claims

There are a lot of different parts to the average personal injury case. At the beginning of the lawsuit, you may receive an offer to settle the matter. In fact, the large majority of personal injury cases settle before the trial. Thus, you may want to give serious consideration to any settlement offers you receive. Learn how to evaluate a settlement offer to determine whether to accept it.

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Do You Qualify for an Expungement of Criminal Records in Utah?

Some people get in trouble with the law at some point in life. The problem is that a criminal record can have a significant effect on your entire life. Many of those who've had a brush with the law decide to turn their lives around. In order to carry this out, they need a "clean slate" so to speak. Obtaining an expungement can be the first step to starting over. Learn more about expungements and how you can determine if you qualify for this relief.

criminal charges, criminal law, expunge my record, Expunging Adult Criminal Records, clean slate utah

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If You Have Elderly Family Members, You Should Know About the OAA

If You Have Elderly Family Members, You Should Know About the OAA

Many Americans care for elderly parents or relatives as they advance into their latter years. When undertaking this responsibility, it is important to inform yourself about all the aspects of elder law and end of life law. One law that you may be unfamiliar with is the Older Americans Act, or OAA. This is federal legislation that assists people over the age of 60 years old. Learn what services are provided by the OAA, and how it provides important resources to your elderly family members.

elder law, OAA

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What Happens When You Inherit an IRA from Your Spouse?

What Happens When You Inherit an IRA from Your Spouse?

Dealing with the loss of a spouse is never an easy experience. Yet, aside from the emotional trauma, you'll also have to deal with the property left by your loved one. It is not uncommon for a spouse to pass away while having a retirement account, such as an IRA. This type of account can be inherited by the surviving spouse. Learn about the special rules involved when you stand to inherit the proceeds of an IRA.

estate law , IRA

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How a Utah Divorce Can Affect Your Immigration Status

How a Utah Divorce Can Affect Your Immigration Status

Divorce proceedings can present huge obstacles for almost anyone. It is even more so the case when one of the parties is a green card holder. A person in this situation has some special considerations when it comes to divorce. This is especially true when the marriage itself was the basis for the person's legal status. Learn what you need to know before a divorce as a lawful permanent resident.

divorce, immigration

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What Does It Mean to Have a Self-Proving Will?

What Does It Mean to Have a Self-Proving Will?

If you have been looking for information about wills, you may have come across the "self-proving" will. This is like any other will, but it has one additional component. In estate law, a self-proving will has a sworn statement attached. This statement is created by the witnesses who observe the signing of the will. As such, these wills have an extra layer of security when it comes to proving its validity. See what else you should know about self-proving wills in the state of Utah.

wills and trusts, self-proving will

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A Look at State Exemptions in Bankruptcy Law

A Look at State Exemptions in Bankruptcy Law

The basic purpose of a bankruptcy exemption is to protect certain property from creditors. As such, exemptions play a very important role in the average bankruptcy proceeding. Some people wonder whether it is more beneficial to claim exemptions under Chapter 7 or Chapter 13. The truth of the matter is that the exemption amount remains the same for both chapters. The only difference is in how the trustee treats the property. Take a further look at the exemptions offered by state law, and how they can help you stay afloat.

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Why an S Corporation May Be the Right Fit for Your Business

Why an S Corporation May Be the Right Fit for Your Business

All businesses are interested in reducing their tax liability. In fact, this is the main reason business owners think long and hard about a company's structure before opening shop. The two most common ways of structuring a business include the corporation or the limited liability company, or LLC. However, there is one other important option on the table: the S Corporation. See how choosing an S Corporation can save you money when tax time comes.

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