Wills & Trusts
Revocable Living Trusts (Most common type)
General Irrevocable Trusts
Life Insurance Irrevocable Trusts (For high asset individuals)
Qualified Personal Residence Trusts (For high asset individuals)
Special Needs Trusts
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.
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.
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.