Category - Mistakes to Avoid

How to work with an attorney (Huffington Post article)–part 3

October 16, 2018

The money stuff matters when you are working with an attorney. So make sure you understand from the beginning how you will be billed.

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Biggest threat to your estate could be those closest to you (CNBC article)

June 15, 2018

Family conflicts could be the biggest problem with your estate plan.  Contrary to popular belief, this is more likely if you fall into the less-than-wealthy category.  Fewer assets to go around often results in more strife among heirs. Tax considerations (estate tax mostly) have traditionally dominated the focus of estate planning.  Today, with the current […]

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How to choose the right estate planning attorney (thebalance.com article)

June 4, 2018

Since there is no shortage of attorneys, you need the correct approach in choosing your estate planning attorney. Expertise, experience and a good fit (both ways) are important considerations when someone is trying to determine who to retain for estate planning legal work.  A recent online article titled “How to Interview a Prospective Estate Planning […]

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Using prescriptions and legal documents intended for others are both really bad ideas!!

May 21, 2018

You may get lucky using a prescription drug intended for another person, and likewise, you may use a legal document prepared for someone else without any immediate repercussions.  But neither is a wise choice and why would you want to rely on being lucky?   If I put ten adults in a room and asked them to […]

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Are verbal agreements binding in Utah?

April 9, 2018

Is a handshake deal valid? Can you enforce a verbal agreement? Verbal agreements can be enforceable as a general matter.  However, there are exceptions to this principle.  Per the Utah Statute of Frauds, found in Title 25, Chapter 5, certain types of agreements must be evidenced by some form of writing.  Below are examples of such […]

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Is it more important to hire an attorney or an accountant?

March 19, 2018

Yes.  In other words, this is probably the wrong question to ask.  Perhaps a better question would be something like “what things should I ask my attorney to do and what items are within the realm of my accountant’s expertise?” I saw an article online recently addressing the question about the importance of an attorney […]

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Estate planning mistakes can be expensive to fix..

February 26, 2018

… — that is, when they can be fixed at all. This is the introduction to an article that I saw online today from Liz Weston, titled “Should you do your estate plan?”  I agree with the premise of the article.  Sadly, it is all too often the case that estate planning mistakes made by […]

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You don’t know what you don’t know.

February 23, 2018

This is true for all of us in many areas of our life and concerning a good many subjects. Consider a hypothetical situation where a man walks into his accountant’s office to ask a few questions.  (Hopefully, that man was courteous enough to make an appointment, rather than just dropping in.)  This gentleman owns a small […]

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The value of expertise–a recurring theme

January 2, 2018

The cost of screws and a metal plate is not the proper test of value for a surgical procedure. This is not a new subject. Rather, it is a repeated theme. There seems to be a common disconnect between experience and expertise on the one hand and price and value on the other hand–at least […]

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Should you get your own captive insurance company?

December 12, 2017

Captive insurance has been around for a while, but micro-captive insurance structures are more recent in their invention and application. As with any other financial planning vehicle generally, and insurance product in particular, whether or not something is right in a certain circumstance greatly depends on said circumstance. In other words, despite what a very

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