Year: 2015

Common sense is NEVER out of place

December 8, 2015

In all aspects of life, including when it comes to financial and legal matters, don’t forget to use the common sense. I have recently been contacted by clients about a variety of matters of great urgency, each of which could be resolved by a little common sense.  I won’t go into details because of client […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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“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 […]

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