Estate planning is a process wherein a person or family plans for the administration and dispositions of one’s property before their death. Choosing the right estate planning tool requires an experienced estate planning advisor. Most clients will need a revocable trust to help them avoid probate and to facilitate the administration of their finances in the event they become incapacitated. Additionally, many clients will need guidance structuring the beneficiary designations for their retirement plans. Family limited partnerships may be the right planning tool for some clients yet other clients may want to create educational savings (529) plans for their grandchildren. Whatever your needs, BTJD has the expertise necessary to help you reach your goals.
When a person passes away, the court appoints someone to hold legal title to the assets of the decedent and administer the decedent’s estate. This person has many responsibilities, including gathering all of the assets of the estate, filing tax returns for the estate, and distributing the assets of the estate to the designated beneficiaries. Although administering an estate can be complex and time consuming, the attorneys at BTJD can help you understand and meet those duties. We also help our clients simplify the process on the front end by creating clearly worded revocable or irrevocable trusts that dictate the terms of the administration and controls the distribution of assets. Whatever your needs, the experienced attorneys at BTJD can assist you both prepare for estate administration and assist current administrators as they administer an estate.
A comprehensive online legal reference treatise. The Utah Law of Trusts and Estates website was created by our very own Rust Tippett and is designed to answer questions for attorneys and non-lawyers alike.