Wills & Trusts

A will is a legal document that is left behind for loved ones after one's death containing instructions as to what should be done with any assets or cash and how things are to be dispersed throughout your family. Sadly, when someone is on his or her deathbed, rather than focusing on spending quality time with the loved one, some families get wrapped up in all the legalities that go along with “who gets what.” Some family members might feel they are not getting their “fair share” and this can not only cause a rift between family members, but also make the last moments of a passing loved one less than amicable.

This is why it is a good idea to have a solid will drawn up, so as to avoid as much conflict as possible among family members. Having someone in the family designated to handle the dispersal of assets and money can make things much easier and less stressful for family members.

Trusts include the following types of legal matters:

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
Testamentary Trusts

Related Blogs

A Quick Introduction to the World of Trusts

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

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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.