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How to Pick the Right Person to Be the Executor of Your Will

How to Pick the Right Person to Be the Executor of Your Will

No one likes planning for end of life law issues, but it is a necessary thing to do. The process can become overwhelming when you consider all the decisions you'll make. One of the most important decisions you'll have to confront early on is who will act as your executor.

The Most Important Things You Need To Know About Death Certificates

The Most Important Things You Need To Know About Death Certificates

Not a lot of people know that there is actually something called a death certificate. Generally, only someone who is acting as the executor of an estate would be aware of this. However, it is a good idea for everyone to know when, why and how these are issued. Read on to learn more about this subject in case it ever becomes necessary to go through the process.

How Do You Transfer Ownership of Real Estate Held in a Trust?

How Do You Transfer Ownership of Real Estate Held in a Trust?

Some people choose to hold real estate in a trust instead of keeping it as a personal asset. In fact, there are many good reasons to make this decision. When you purchase (or subsequently transfer) real estate using a trust, you can maintain anonymity and avoid death taxes as well as probate. Property might also be held in a trust if there is more than one owner. Whatever the reason, it is important to know how to transfer such property when the settlor passes away. Learn how to comply with the requirements of estate law to get the property into the beneficiary's name.

Is It Possible To Be Paid To Serve As the Executor of a Will?

Is It Possible To Be Paid To Serve As the Executor of a Will?

There is a lot of work to be done when you take on the role of executor. Undertaking the responsibility is both time-consuming and mentally exhausting. Even though you may feel it is your duty to perform the role, you may wonder whether there is any financial benefit. This short answer is yes. As an executor, you can receive payment for your efforts. Learn more about how executors may be compensated for their assistance in administering the estate.

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.

Can You Use a Video Will to Distribute Assets to Your Relatives?

Can You Use a Video Will to Distribute Assets to Your Relatives?

In this time of modern technology, it's not uncommon to capture important moments on video. Whether it be by a cell phone or laptop, video communication is an integral part of contemporary life. Thus, it may make sense to think that it's possible to create a will by simply making a video. In fact, many movies portray this as a perfectly normal thing.

A Quick Introduction to the World of Trusts

There are many different avenues available to help you accomplish your estate planning goals. One of the most commonly used tools is a trust. In essence, a trust is a legal document that manages one's assets up to and after one's death. This form of estate planning is popular because it provides a lot of flexibility and privacy.

Wills, Trusts, Living Wills, and Power of Attorneys: Understanding the Nuances

Planning for the future is a crucial aspect of life, and a key component of this planning involves making provisions for your assets and healthcare decisions.

Wills, trusts, living wills, and power of attorneys are essential legal tools that individuals can use to ensure their wishes are carried out. While all of these elements they share the common goal of asset distribution and decision-making, each serves a unique purpose. In this blog post, we'll delve into the differences between wills, trusts, living wills, and power of attorneys.

The Legal Implications of Not Having a Will in Utah

Creating a will may not always be at the forefront of people’s minds, but its importance cannot be overstated, especially in Utah. Without a legally binding will, the state’s intestacy laws dictate what happens to your assets and how your estate is distributed after you pass away. This often leads to unintended consequences, creating legal complications and emotional stress for your loved ones. TR Spencer, Northern Utah’s top-rated law firm, emphasizes the critical need for proper estate planning to avoid these pitfalls. Let’s explore the legal implications of not having a will in Utah and how you can protect your assets and loved ones.