Estate planning is an important part of protecting your family as well as your assets. When you carefully complete the estate planning process, you will be better equipped to ensure that the plan fits all of your unique needs. At Stevenson Smith Hood Knudson, PC, we can help you to navigate the estate planning process and protect your assets. Here are a few ways that we can help you with your estate planning process.
Ensure Your Plan Complies with Your Wishes
In order to provide you with peace of mind, it is important to ensure that you have safeguards in place to ensure that all of your wishes are complied with. After all, what is the point of an estate plan if it can’t be enforced? We can help you to put all the legal mechanisms in place to ensure that all of your wishes are complied with when the time comes.
Designate Succession for a Business
If you own a business, it will be important to take this into consideration when you are planning for the future. Not having a plan for the succession of your business can be ruinous to the company. We can help to ensure that you are able to designate your successors and plan for your business’s future.
Handle Unexpected Circumstances
There is no one-size-fits-all approach to estate planning. When you work with us, we can ensure that your estate plan is customized in order to meet unexpected circumstances that may arise throughout your life. We are also available to help you handle new situations that may impact your estate plan.
Update Documents When Needed
Various life changes may require you to update your estate plan. Understanding which life changes will require modifications can be difficult. We can help to guide you regarding when documents will need to be updated and modifications will need to be made to your estate plan. This will ensure that your estate plan will be up-to-date and effective at all times.
Make Certain Your Wishes Are Clear
Ambiguities are all too often present in an estate plan. This allows for misinterpretation, which prevents your wishes from being followed as you intended. We can help you to ensure that your estate plan is clear, so that all of your wishes are interpreted correctly.
Differing State Laws
Estate laws are not the same from state to state. We are experienced in the estate planning process in the state of Utah. If you need assistance with your Utah estate planning, we are happy to provide you with assistance.
Protection for Your Assets
You’ve worked hard for your assets and you want to protect them with your estate plan. We can help you to develop the ideal estate plan to protect your assets and ensure that your wishes are followed according to your intentions. When you protect your assets, you will be able to have peace of mind because you’ve prepared for the future.
Sort Out Complicated Situations
There are many things that you will need to include in your estate plan. This process can become further complicated when you have blended families to include. We can help you to untangle these complicated situations, so that you can prepare the ideal estate plan to meet your specific needs.
Understanding the estate process can be difficult and can often feel overwhelming. We can help to provide you with advice and guidance to more easily navigate the process. We are also available to answer your questions regarding estate planning, which will ensure that you are aware of everything that is going on with your estate.
Simplify Probate Process
In most scenarios, you will want to do anything you can to avoid the probate process. Probate can lead to extra expenses and prolonged delays in asset distribution. Since probate court is accessible to the public, it also tends to eliminate any privacy you may have regarding your estate.
Plan to Protect Your Children
If you have underage children, they are likely one of your top concerns with your estate plan. During the estate planning process, you may want to designate a guardian and make a plan for your children’s future during a worst case scenario. We can help you to design the right estate plan that will take this under consideration and provide you with extra peace of mind.
Comply With Relevant Laws
Creating your estate plan with the help of a professional will enable you to ensure that it will comply with any relevant laws. Our estate planning services will help you to ensure that your estate plan will comply with any laws that may impact the estate.
Tax Code Can Be Complex
The tax code can be difficult to understand, but it has a huge impact on your estate plan. Our estate planning services take tax code into consideration, which will help you to ensure that you can more easily navigate this area. There are many ways that we can help you with your estate planning process. The skills of an attorney are incredibly important in ensuring that your estate plan has been carefully crafted to meet all of your needs. For more information about the estate planning services that we provide, contact us at Stevenson Smith Hood Knudson, PC today!