Beneficiary designations can be a simple way to pass assets at death. While beneficiary designations avoid probate, they may introduce other problems.
ESTATE PLANNING & ASSET-PROTECTION PLANNING ATTORNEY IN THESE UTAH LOCATIONS:
SOUTH JORDAN, SALT LAKE CITY, PROVO, OREM, OGDEN, PARK CITY, CEDAR CITY AND ST. GEORGE.HELPING FAMILIES PRESERVE THEIR WEALTH DURING AND AFTER THEIR LIFETIME
Thank you for visiting the Estate Planning Information Center for South Jordan, Utah, brought to you by Randall (Randy) J. Holmgren of the Pearson Butler Attorneys at Law firm. Randy is an Estate Planning & Asset-Protection attorney. His entire experience and focus is to provide residents of South Jordan, UT and surrounding areas with quality estate planning and asset-protection resources.
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Asset Protection & Business Planning
As more Americans become entrepreneurs, they discover that wise business planning is essential to their success today and their financial security tomorrow. Our law firm can help you achieve your goals, whether your business is a one-person operation or one striving for a place on the Fortune 500 list.
Creating a Buy-Sell agreement can help you achieve tax advantages and control with respect to your family business. Equally important is the peace of mind you’ll gain when you know your children will be well provided for and your legacy will be passed on in a highly structured and cost-efficient way.
A strategy that can help you meet such diverse goals as estate planning and protection from lawsuits, the Family Limited Partnership may be something you should consider. We will help you determine if it’s right for your business and family.
Estate Planning Services
Estate planning is the creation of a definite plan for managing your wealth while you’re alive and distributing it after your death. These assets may be owned by you separately or jointly with others.
Estate planning is the preservation and the distribution of your assets, both during your life and upon your death. It is accomplishing your personal and family goals and easing the management of your financial and legal affairs, as well as minimizing taxes if your estate is large enough for taxes to be of concern. When we talk about an estate, we mean all assets of any value that you own, including real property, business interests, investments, insurance proceeds, personal property and even your personal effects. An “estate plan,” generally, refers to the means by which your estate is passed on to your loved ones on your death. Estate planning can be accomplished through a variety of methods, including: