What is Estate Planning and Why Do I Need It?
Believe it or not, you have the power to ensure the future financial security of your loved ones, in your absence, through the impact of solid estate planning.
With a combination of useful estate planning tools that match your specific situation — a will, one or more revocable or irrevocable trusts, a durable or medical power of attorney and advance health care directive — you can provide for loved ones and spare them the expense and inconvenience of probate proceedings.
Who can help you do this? We can, at Stevenson Smith Hood Knudson P.C. in Ogden, Utah. Our experienced, insightful estate attorneys relate to you as clients and as human beings who want only the best for your survivors.
Honest, Affordable, Dependable Estate Planning And Probate Representation
Forward-looking estate planning anticipates a range of legal issues such as tax consequences, incapacitation, financial and medical decision-making, and close attention to the unique demands of a special needs child. We explain the many options at your disposal and finalize your wishes in airtight documentation that can withstand any challenge.
You may have been under the impression that estate planning featuring wills and trusts is only for retirees — but no. Anyone, regardless of age, income, marital status or size of estate would be wise to pursue a proactive estate plan as soon as possible. Your loved ones will thank you for it.
Wills and Trusts
One of the best things you can do for yourself and your loved ones is to create a will. Wills and trusts are designed to safeguard your family’s future. In a will, you are able to designate what will occur in the event of your death and how to effectively manage your estate.
A will is designed to be the foundation of the estate plan. This document will determine what will occur with your property when you pass away. Failure to have a will in place means the state could determine how your property is disbursed. A will allows you to appoint a personal representative (also known as Executor or Executrix) to handle your affairs following your death. Wills also include information on the care of your children if they minors.
To create a legal will, it is important to meet with a reputable and responsible attorney to create an effective estate plan. Planning an estate is one of the most rewarding things you can do. Contact our office in Ogden, UT to schedule a consultation to discuss your will and trust planning needs.
