Bank Accounts After Death

July 16, 2015  |   Posted by :   |   Trust and Estate Administration, Trust Design   |   0 Comments

There are many factors that determine what will happen to your bank account when you pass on. Some of these factors may include bank rules, state laws, whether the account is joint solo, whether you put your bank account in a trust, and so on. Following are some scenarios that may help you determine how […]

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When Your Company Needs General Counsel

July 16, 2015  |   Posted by :   |   General Counsel Services   |   0 Comments

Companies facing a litany of legal issues often choose to retain an attorney full-time. Called “general counsel” to the business, the attorney will be tasked with handling a diverse range of legal matters pertaining to the company. Because an attorney can only maintain expertise in a limited range of subjects, where the personal expertise of […]

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Service Contracts

July 15, 2015  |   Posted by :   |   Business Contract Drafting, General Counsel Services   |   0 Comments

A service contract is an agreement where the seller agrees to provide a particular service to the buyer for a certain price. For businesses and companies, a service agreement can include services such as advertising, consulting, or management each providing the company a specific service. There are several important features of service contracts. Service contracts […]

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Personal Guarantees in Business

July 15, 2015  |   Posted by :   |   Asset Protection Planning   |   0 Comments

In business, a personal guarantee is when a business owner puts his own personal finances on the line to guarantee payment of a loan taken out on behalf of his company. So if the business cannot make payments on the loan, then the business owner himself will be responsible for paying off the remainder of […]

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License Agreements

July 03, 2015  |   Posted by :   |   Business Contract Drafting, General Counsel Services   |   0 Comments

License agreements allow a person to use another’s intellectual property. This agreement is typically between two parties, the licensor and the licensee. The licensor is the party who owns the intellectual property and the licensee is the party who would like to use that intellectual property. Intellectual property comes from people’s minds and includes art, […]

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What To Do When Someone Dies

July 08, 2013  |   Posted by :   |   Trust and Estate Administration   |   0 Comments

Losing a loved one is one of the most difficult things to deal with. It is further complicated by the many responsibilities that fall upon the surviving family members or friends. If you have recently lost someone, here is a simple checklist for what to do when someone dies. This checklist will help you get […]

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Guardianship Proceedings In Utah: When There Is No Power Of Attorney

June 25, 2013  |   Posted by :   |   Trust and Estate Administration   |   0 Comments

Guardianship Necessary For Incapacitated Adult Without a Power Of Attorney When a loved one becomes incapacitated, it can be a very difficult and emotional experience.  It can also be very stressful and confusing.  For the spouse or next of kin, incapacitation can mean a tremendous amount of responsibility and a lot of work. In Utah, […]

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Probate Attorney: Do you need one? Also, what Is probate?

April 17, 2013  |   Posted by :   |   Trust and Estate Administration, Trust Design   |   0 Comments

What Is Probate? Before knowing whether or not you need a probate attorney, you should probably know what probate is.  First a Probate Definition: Probate is a mandatory court process in which the state determines what you own when you die, who gets it, and who is in charge of distributing it. Every state in […]

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A Grantor Retained Annuity Trust (GRAT)

March 14, 2013  |   Posted by :   |   Asset Protection Planning, Trust Design   |   0 Comments

With the seemingly infinite amount of different types of irrevocable trusts, it can be quite confusing to wrap your mind around what they are and what they are used for. Irrevocable trusts are best understood and defined by what goals they can accomplish for your estate planning needs and what risks are involved in the […]

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A Grantor Retained Unitrust (GRUT)

March 02, 2013  |   Posted by :   |   Trust Design   |   0 Comments

A Grantor Retained Unitrust (a “GRUT”) is an effective tool for reducing the size of your taxable estate.  When implemented properly, lifetime gifts to a GRUT can help you to get high appreciating property out of your estate and avoid or significantly reduce gift and estate taxes.  GRUTs are similar to GRATs (Grantor Retained Annuity […]

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