Category - Young People

Estate Planning Checklist (The Motley Fool article)

December 29, 2018

You need an estate plan. This is true even if you don’t have a lot of assets. It’s also true if you’re young, or if you don’t have close family member. Estate planning means preparing for the inevitabilities of life. People get sick or hurt, and you need a plan in place to determine what […]

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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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Lessons from Cinderella; Estate Planning for Parents of Young Children (Part 5)

June 16, 2015

Cinderella is a great story, but it is also contains a timeless illustration of the dangers of failing to plan. First, by way of disclaimer–I do understand that Disney was not attempting to make any sort of statement or teach any lessons in the world of estate planning or financial planning. Even so, what eventually […]

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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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Estate Planning for Parents of Young Children (Part 1)

June 8, 2015

Parents of young children often neglect to implement some very basic, but vitally important, estate planning steps for the protection of their children. As estate planning attorneys, we tend to do a fairly descent job in getting our message out to middle aged and elderly adults in the community. I believe this to be consistent […]

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September 22, 2014

“We STRONGLY discourage the naming of minor children as Primary Beneficiary. Death proceeds cannot be paid to minor children. A Trust or Guardianship must be established for a minor to receive the claim proceeds.” While it is true that each life insurance company has their own specific forms that they require clients to use when […]

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Your Young Children Might NOT Get the Benefit of Your Life Insurance

September 10, 2014

Without correct planning, your minor children may NOT receive life insurance proceeds you intended for their benefit. Here in Utah, I often have conversations with parents of young children. During the course of such conversations, the topic of life insurance frequently comes up and usually such parents inform me that since they have one or […]

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