Year End Life Planning Considerations
December 2, 2015
As we near the end of another calendar year, it is worth reviewing the state of your personal, family and business arrangements. Some people will do “year end” tax planning and tax considerations are often important reasons to take or avoid taking certain actions. However, above and beyond tax stuff, a year end inventory is […]Read more >
U.S. News Article on importance of estate planning even if you don’t have children
November 30, 2015
Life Planning (a/k/a estate planning) is for every person, whether or not they have children. I recently came across an article on the U.S. News website about estate planning considerations for individuals without children. This is significant because it invites us to consider and reject the common myth that this stuff is just for parents […]Read more >
Utah Advance Health Care Directive–GET ONE!!
November 5, 2015
As we have mentioned previously, the unfortunate reality is that many people in the United States have done NOTHING when it comes to estate planning–ZERO, ZIP, NADA! The statistics aren’t much different or better when we look at Utah residents in particular. There are many reasons for this, but none of them good reasons (to […]Read more >
Wall Street Journal Article on Charitable Trust
November 2, 2015
Most of us believe in giving to charities and in the right circumstances, charitable trusts can provide tremendous tax benefits (as well as the warm fuzzy feeling of doing good). There was an article in the Wall Street Journal yesterday about an estate planning tool known as a Charitable Lead Annuity Trust or “CLAT”. The […]Read more >
Family Farm Planning
October 19, 2015
What worked well in a prior generation may not be the right solution today. We often talk to farmers who are rightly concerned about how to best ensure the well-being of their family and their farm operations over time. In many instances, these farms are multi-generational family businesses that are highly important for such historical […]Read more >
How much are you paying?
October 15, 2015
One of the most common questions we get (either in person, via e-mail or via phone) is “how much do you charge for…” along with variations of the same question. This is totally understandable and proper, particularly in today’s climate of rising costs of living and related inflation in the fees charged by banks, investment […]Read more >
How Much Does An Estate Plan Cost?
October 2, 2015
This is an important question, but often the wrong place to start. Consider a situation where you want to build a new home. You make an appointment with a home builder and at the very beginning of your conversation with the builder, you blurt out “how much does a house cost?” The builder is likely […]Read more >
Step up in basis–what is it and why should you care?
September 24, 2015
Giving away real estate, stocks and other assets that have gained value over time while you are alive may become a costly mistake for the recipient of your gift. You have likely heard about tax basis and “step up in basis” but perhaps you do not fully understand what is meant by those terms. In […]Read more >
“He who picks up one end of the stick, picks up the other also”
September 23, 2015
This often repeated maxim has application in all areas of life, including estate planning. I was reminded of this wise saying while doing some leisure reading earlier this week. I first considered the context in which it was used in that book. I later realized that this is also very much applicable in the world […]Read more >
The top 5
September 10, 2015
A wise man learns from the mistakes of others. I recently saw a good article on this topic by an estate planning attorney in Florida named Steven Silverman. I don’t know Mr. Silverman, but his article is worth reading. CLICK HERE TO READ THE ARTICLE. In summary, here are the major common mistakes identified by Mr. […]Read more >