Category - Family

Most U.S. Adults Have Done Zero Estate Planning, New Survey Reveals (Huffington Post article)

May 29, 2018

“…if you don’t have a will, the state has one for you…”  The majority of American adults have done nothing when it comes to estate planning.  Why?  Well, there are many reasons, to be sure.  And the reasons vary person to person.  This Huffington Post article discusses some of the most common themes as to […]

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The Special Needs Fairness Act is a welcomed change!

December 12, 2016

Before this new law, there was a mistaken legal presumption law that disabled persons always lacked mental capacity to manage their own affairs. While this is true in some cases, it is certainly not true in all situations. This new law is an excellent change in favor of the rights of disabled individuals. The US […]

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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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Prince had no will or other estate planning papers and the vultures have started to gather

April 26, 2016

This pattern, though sad, is not new. For some reason, many of the ultra-wealthy choose to do little or no estate planning. For that matter, many who are not wealthy make the same choice. Unintended consequences often follow. First, let’s remember the context of this discussion–namely, the death of Prince. Nothing here is intended to […]

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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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