Category - Family

The similarities between knives and powers of attorney

August 11, 2016

Are knifes dangerous or useful instruments? That depends on how they used and for what purpose (and by whom). Most of us would not see a typical kitchen knife and immediately have feelings of panic and fear.  We understand that kitchen work often requires the use of knives.  And it is difficult in most instances to prepare […]

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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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Estate Planning for Parents of Young Children (Part 4)

June 15, 2015

An 18 year old high school senior is holding a check for $150,000…what are the odds that this young man uses such money wisely? The chances are not great. We all dream of wining the lottery–the thrill of getting an enormous amount of money, all at once, that we didn’t have to earn. We then […]

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Estate Planning for Parents of Young Children (Part 3)

June 11, 2015

Parents of young children often need a trust to hold assets for the benefit of such children. This is the third of our recent posts on the topic of estate planning specifically for parents of minor children. In prior posts, we addressed the common fallacy that these things are only for the elderly. We also […]

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Obtaining adequate life insurance is one of the most important things you can do to protect your children.

June 10, 2015

Obtaining adequate life insurance is one of the most important things you can do to protect your children. This is the second in a serious of posts geared towards estate planning considerations for parents of young children. We previously noted that one of the first steps that should be undertaken by EVERY parent who has […]

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Your family members might NOT “do the right thing” when the time comes

December 15, 2014

Parents want to think the very best of their children and much of the time such children are worthy of their parent’s trust and reliance. However, there are also times when children are not quite as angelic in nature as their parents would like to believe and this is true regardless of whether we are […]

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What Utah residents can learn from Robin Williams on the subject of estate planning

August 18, 2014

The news of Robin William’s recent death is, of course, very sad. One potential bright spot may be that Robin had enough foresight to engage in wise estate planning prior to his death, including using at least one family trust. While it is still too early in the process to know for sure, early indications are that […]

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“do it yourself” is good for some things, but not so good for other things…

June 13, 2013

What sort of items fall under the “do it yourself” category and what things are definitely NOT under that description? Home Depot and Lowe’s have grown to become massive enterprises largely by appealing to the “do it yourself” mantra. It is certainly true that for many things, it is more economical and just plan better […]

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Estate Planning Myth: “I’m too young to worry about this stuff…”

June 7, 2013

Its very common for “young” people, i.e. individuals under the age of 65, to wrongly conclude that they are “too young” to concern themselves with estate planning matters. This idea of being too young for estate planning is somewhat akin to being too young to concern oneself with proper health habits or proper dental care. […]

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Some probate avoidance methods are better than others

May 31, 2013

Most people have heard of the dreaded term probate and understand that its something to be avoided. There are several different methods used to avoid probate, some good, some not so good. Ineffective methods to avoid probate One self-help method of trying to avoid probate is adding a child (or another person) to the deed […]

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