fbpx
8833 South Redwood Road
Suite C
West Jordan, UT 84088

Call For Free Consultation

(801) 676-5506


Call Us

Probate Lawyer Bountiful Utah


Probate Lawyer Bountiful Utah

Probate Lawyer Bountiful Utah

Speak to an experienced Bountiful Utah probate lawyer to know how you can ensure that your estate is distributed properly to your family members. It’s important that you have a will or some other estate planning device in place to ensure this distribution.

Many people want to be sure that children or spouses have “enough” from their estates. Then the important question becomes “How much is enough?” This is a question that, while good to discuss with one’s spouse or partner and one’s advisor, should also be considered for a family meeting or a meeting with your heirs. You might start such a conversation by asking heirs to guess how big your estate will be. You may be surprised at how wrong they are.

This kind of inquiry is simply a direct way to gather the thoughts and feelings of your family as you are reviewing your plans. Listen carefully and take notes. You may be surprised, and your family members are bound to be, by your inquiry and consideration. Even if things change, your family or heirs will remember that you were considerate enough to engage them or try to. Even if the conversation seems tense or difficult, just imagine how much more difficult it would be for the family to sort out after you are gone and can no longer guide them through a process to shared understandings and, if need be, reconciliation.

Once your inspired legacy plan has been drafted by your advisors, you may want to present it formally to your family, perhaps even before you finally sign off on all the documents. Some people call this a “dress rehearsal” for reading the will.

While you are alive, you act as the steward of your resources. After you are gone, someone else may have to play that role. If you are planning to establish trusts for children and grandchildren to protect and distribute family assets, carefully choose trustees or those who will manage your affairs, communications, or oversight. Again, as with planning, some trustees excel in technical capacity, whereas others may excel in human understanding and empathy or even wisdom. Increasingly, people are leaving room for two trustees, one a family adviser or family member, another a corporate trustee to make sure that both wisdom and competence are well represented.

If your child is under age eighteen, the opinion and work of your trustee is particularly important to the well-being of your family. The choice of a beneficiary may affect beneficiaries for decades to come, so having at least one of the trustees be a family member or friend who is a good communicator and knows your children or spouse is a good idea. Many family members or friends are willing to serve for only a modest fee or no fee.
A well-chosen trustee can be more than an administrator of the terms of the trust. He or she can also be a mentor, someone to whom the heirs can look—as they might have looked to you—as a role model. In some trusts the beneficiaries can take over some responsibility for the trust at a certain age. Having a trustee who as mentor can prepare heirs for that role then becomes key to a successful handoff of responsibility.

Leaving a legacy to your spouse, friend, or children is often a life-changing event. The most loving thing you can do is to prepare yourself, your advisers, and your family for what is inevitably ahead. Death is a hard word, but death does not end all. We live on in the memory of others. We live on in the good works we have done. And we live on in the legacy of love and the traditions and values we pass on. Nothing of the best in us will die, but we must take the time and make the commitment to build and pass on our own inspired legacy. Great joy comes from such a legacy. You can begin by living that legacy now in your current giving and in all you do for others.

THE order was to spend a million dollars every day for 30 days, then a 30 million dollar inheritance would be his. However, if he didn’t carry out this task, he would kiss goodbye the big pot. That was the theme of the 1985 movie Brewster’s Millions, starring Richard Pryor as the baseball player destined to get his hands on a fortune if he could blow a million a day.

Such outlandish demands in a person’s will are not very common – but making out your will is important if you want to make sure that your assets – no matter how large or small they may be – end up with the people you want them to go to.

Put simply, a will is a straightforward statement of how a person wants their assets handled on their death, explains John Raeside of Glasgow solicitors, John Wilson and Co.

“It is necessary to make a will so that your wishes are spelled out in a clear-cut way which should leave no-one in any doubt,” said Mr Raeside.
“Without a will, an individual could lose any control over the disposal of his or her assets on death.

“The person making a will must appoint executors who make sure stated wishes are actually carried out.”

It is possible to write a will yourself, hire a will-writing company or use a probate lawyer.

But whatever method you choose, drawing up a will properly is vital, as complex issues such as intestacy, inheritance tax and the guardianship of any young children can turn into a minefield of potential problems.
Mr Raeside said that it is worthwhile drawing up a will sooner rather than later as “later will inevitably be too late”.

He added: “It is all about ensuring that the people you want to benefit do so. A will is there in black and white and, although some people might not be happy about it, the wishes of the person who has passed on are clear for all to see.”

It is advisable that a person’s will should be reviewed during their lifetime as their circumstances change. Costs vary depending on a will’s complexity, but a straightforward document drawn up by an experienced Bountiful Utah probate lawyer will be work it.

In a time of continued economic difficulty, every one of us is looking to cut costs. This could be in our personal lives or from a business perspective.

There is a temptation to cut back heavily on what we might see as ‘non-essential spend’, but could this ultimately be false economy? Getting your tax and financial affairs in order can be an expensive process and many people and businesses will consider it something that can be delayed. In many cases, however, it can be financially more beneficial to look at getting more value for money from professional services than doing away with them altogether.

From a basic personal perspective, one might consider it worth delaying sorting out one’s Will or Inheritance Tax affairs until a later date. This might save on legal fees now; however none of us can choose the day that we pass and the resultant mess of Intestacy and Inheritance Tax could well have costs – both financial and emotional – that far outstrip a bill for putting some basic planning together.

After all, savings on all sorts of personal taxes that you can achieve through receiving appropriate advice can only benefit your pocket.
Looking at matters from a business point of view, it may seem the easiest and cheapest way forward to only get the basics from an accountant or other adviser and, for example, ignore any advice on tax reliefs for fear of increased fees, but how much money are you not reclaiming that could be invested back into your business? How many tricks are you missing because you’re worried about asking what else can be done to help you? The key for everyone now is to be smarter with their advisers. Make sure that your solicitor, accountant or other specialist adviser is thinking about more than just the basics so that you get value for money. Make sure that they refer you to other professionals that can help you with matters on which they are not qualified to advise. Make sure that they are looking out for your best interests in all aspects of your life and business rather than simply trying to do as little as possible for the maximum return.
You might find it was worth spending the money after all.

It is often said the best inheritance a parent can give children is a few minutes of their time.

It might equally be said nowadays the best inheritance one can leave is a will. Many of us have not made a will. It is reckoned only one in five parents have. This could lead to all sorts of complications on death, not least your inheritance not going where you intended.

It could also lead to family disputes, legal action or the estate having to pay inheritance tax.

It is commonly thought on death your estate will pass to your surviving spouse if there is no will. Many people living with long-term partners also believe their “common law” wife or husband has the same rights of inheritance.

These misconceptions could leave the surviving spouse or partner in severe difficulty.

The law sets out hard-and-fast rules for what happens if you die without a will.

If the family home is in the deceased’s sole name, it may have to be sold to provide the legacies demanded by intestacy laws. This may have to be done as well if estate tax becomes an issue. Only the surviving spouse has an exemption. Children or others receiving assets under intestacy may be liable to estate tax, again forcing a sale.

The spouse can apply to the courts for a greater share of the estate, but basically this leads to a situation where a parent is suing their children, not ideal for family harmony.

While many feel the existing law doesn’t do enough to protect the rights of surviving spouses, it does ensure that the deceased’s children are not deprived of their inheritance by someone who has married with financial gain as a primary objective.

The complications that can be caused by a sudden death and the absence of a will can also balance the pendulum too much in favor of a surviving spouse.
A will is absolutely vital for unmarried couples living together, particularly if they have children.

Failure to make a will also means the beneficiaries administer the estate of the deceased, they may not be suitable to deal with large sums of money or in some cases a business.

A will can appoint specific executors with experience in this area. Writing a will is a fairly straightforward process for most people. It is amazing that so many people fail to take this simple step and consequently save their family from potential further problems.

Leaving each of your children or siblings exactly the same percentage or amount of your estate or gifting (except when there is mental or physical disability or other special circumstances) avoids the permanent consequences of estates divided or tied up because of a lack of trust or past difficulties. Consider leaving your money and your love equally. At the same time, also weigh the question, “When is fair not equal, and equal not fair?” Circumstances often do differ. One child may have lots of money; another may have gone into a career that required personal sacrifice. In the case of a family business, one child may work in the business, and another may not. Is it fair to divide the business equally, when one child is doing all the work? These dilemmas are precisely why an experienced Bountiful Utah probate lawyer is important. An experienced Bountiful Utah probate lawyer can help you weigh your options, decide what is right, and communicate clearly.

Bountiful Utah Probate Attorney Free Consultation

When you need legal help with a probate case in Bountiful Utah, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews


Recent Posts

Corporate Lawyer Park City Utah

Bankruptcy Fraud Legal Defense

Can Your Bankruptcy Be Denied?

Domestic Violence And Gun Ban

Temporary Guardianship vs. Testamentary Guardianship

Did Divorce Use To Be Illegal?

Ascent Law LLC St. George Utah Office

Ascent Law LLC Ogden Utah Office

Bountiful, Utah

From Wikipedia, the free encyclopedia
 
 
Bountiful, Utah
Mueller Park Trail a popular hiking trail located in Bountiful,Utah

Mueller Park Trail a popular hiking trail located in Bountiful,Utah
Location in Davis County and the State of Utah.

Location in Davis County and the State of Utah.
Coordinates: 40°52′47″N 111°52′18″WCoordinates40°52′47″N 111°52′18″W
Country United States
State Utah
County Davis
Settled September 27, 1847
Incorporated 1892
Founded by Perrigrine Sessions
Named for Bountiful (Book of Mormon)
Government

 
 • Mayor Kendalynn Harris
Area

 • Total 13.22 sq mi (34.23 km2)
 • Land 13.19 sq mi (34.17 km2)
 • Water 0.02 sq mi (0.06 km2)
Elevation

4,797 ft (1,462 m)
Population

 (2010)
 • Total 42,552
 • Estimate 

(2019)[3]
43,981
 • Density 3,333.41/sq mi (1,287.07/km2)
Time zone UTC−7 (MST)
 • Summer (DST) UTC−6 (MDT)
ZIP code
84010, 84011
Area codes 385, 801
FIPS code 49-07690[4]
GNIS feature ID 2409885[2]
Website http://bountifulutah.gov

Bountiful is a city in Davis CountyUtah. As of the 2010 census, the city population was 42,552, a three percent increase over the 2000 figure of 41,301. The city grew rapidly during the suburb growth of the late 1940s, 1950s, and 1960s and was Davis County’s largest city until 1985, when it was surpassed by Layton. Bountiful is Utah’s 15th-largest city.

Although a part of the Ogden–Clearfield metropolitan area, it serves as a bedroom community to Salt Lake City and the surrounding area. However, due to the very narrow entrance into Salt Lake County, roads between the counties often reach near-gridlock traffic during rush hour. The FrontRunner commuter rail has been running since April 2008, and the Legacy Parkway was opened on September 13, 2008. These were built to help alleviate the traffic load on Interstate 15 through the Bountiful area.

Bountiful, Utah

About Bountiful, Utah

Bus Stops in Bountiful, Utah to Ascent Law LLC

Bus Stop in Main St @ 1 N (Bountiful) Bountiful, Utah to Ascent Law LLC

Bus Stop in Main St @ 1199 S (Bountiful) Bountiful, Utah to Ascent Law LLC

Bus Stop in Main St @ 1550 N (Bountiful) Bountiful, Utah to Ascent Law LLC

Bus Stop in Main St @ 2015 S (Bountiful) Bountiful, Utah to Ascent Law LLC

Bus Stop in Main St @ 751 S Bountiful, Utah to Ascent Law LLC

Bus Stop in Main St @ 1501 S Bountiful, Utah to Ascent Law LLC

Bus Stop in Main St @ 1469 N (Bountiful) Bountiful, Utah to Ascent Law LLC

Bus Stop in Main St @ 301 N Bountiful, Utah to Ascent Law LLC

Bus Stop in Main St @ 1795 S Bountiful, Utah to Ascent Law LLC

Bus Stop in Main St @ 1101 N Bountiful, Utah to Ascent Law LLC

Bus Stop in Main St @ 518 S (Bountiful) Bountiful, Utah to Ascent Law LLC

Bus Stop in Main St @ 502 N Bountiful, Utah to Ascent Law LLC

Map of Bountiful, Utah

Driving Directions in Bountiful, Utah to Ascent Law LLC

Driving Directions from Heber C. Kimball Gristmill to Bountiful, Utah

Driving Directions from Comfort Inn & Suites Woods Cross - Salt Lake City North to Bountiful, Utah

Driving Directions from Hampton Inn Salt Lake City-North to Bountiful, Utah

Driving Directions from KidzArt to Bountiful, Utah

Driving Directions from Best Western Plus Cottontree Inn to Bountiful, Utah

Driving Directions from Lakeview Hospital to Bountiful, Utah

Driving Directions from Motel 6 Woods Cross, UT - Salt Lake City - North to Bountiful, Utah

Driving Directions from Megaplex Theatres at Legacy Crossing to Bountiful, Utah

Driving Directions from Viewmont High School to Bountiful, Utah

Driving Directions from South Davis Recreation Center to Bountiful, Utah

Driving Directions from Bountiful High School to Bountiful, Utah

Driving Directions from In-N-Out Burger to Bountiful, Utah

Reviews for Ascent Law LLC Bountiful, Utah

Ascent Law LLC Reviews

John Logan

starstarstarstarstar (5)

We've gotten divorce and child custody work from Ascent Law since the beginning because of my ex. We love this divorce firm! Staff is gentle, friendly and skilled. Tanya knows her stuff. Nicole is good and Ryan is fun. Really, all the staff here are careful, kind and flexible. They always answer all my questions, explain what they're doing and provide great legal services. I personally think they are the best for divorce in Utah.

Ascent Law LLC Reviews

Jacqueline Hunting

starstarstarstarstar (5)

I have had an excellent experience with Ascent Law, Michael Reed is an absolutely incredible attorney. He is 100% honest and straight forward through the entire legal process of things, he also has a wonderful approach to helping better understand certain agreements, rights, and legal standing of matters, to where it was easy to know whats going on the entire process. I appreciate the competency, genuine effort put forth, and assistance I received from Ascent and attorney Michael Reed, and I will be calling these guys if ever I have the need again for their legal assistance! 5star review Wonderful attorneys!

Ascent Law LLC Reviews

Anthony Ziegler

starstarstarstarstar (5)

This review is well deserved for Ryan and Josh. New clients should know they are worth the 5 star rating we give them. We needed 2 sessions from them because of the complexity of the matter, but they are both very passionate about his helping others in need.  My sister needed bankruptcy and I needed divorce.  Sometimes they go hand in hand but a large shout out to this team - also Nicole is one of the sweetest people you ever did meet - she offered me warm cookies!

Ascent Law LLC Reviews

Thomas Parkin

starstarstarstarstar (5)

Mike Anderson and his colleagues & staff are knowledgeable, attentive and caring. In a difficult and complex case that eventually went to trial, Mike was the voice of reason and the confidence I needed. His courtroom abilities are amazing and I felt his defense of me was incredible. His quick thinking and expertise allowed for a positive result when I felt the World was crumbling. His compassion, after the case, has helped me return to a good life. I trust Mike and his staff. They are friendly and very good at what they do.

Ascent Law LLC Reviews

Yeran Merry

starstarstarstarstar (5)

I worked with Attorney Alex and Paralegal Ami in my divorce case. I got to know the team very well over the course of two years. I cannot think of a better team to have worked with. Ami and Alex are not only exceptional law professions who are very knowledgeable and thorough, they are also the best human beings who empathize with the emotions I was experiencing. Alex was conscious of my budget and worked efficiently to try to reduce unnecessary legal expenses. My case also involved some dealings with a foreign country that Alex and his team had previously dealt with.  They did an amazing job addressing cultural barriers in a very respectful manner and did not fall short in quality of work or in standards when dealing with some of these new challenges. Ami deserves a medal for being extremely professional, calming, and compassionate when it is needed most.  When you need family law attorneys, call this firm. I now feel I can move forward with grace and dignity.

Share this Article

About the Author

People who want a lot of Bull go to a Butcher. People who want results navigating a complex legal field go to a Lawyer that they can trust. That’s where I come in. I am Michael Anderson, an Attorney in the Salt Lake area focusing on the needs of the Average Joe wanting a better life for him and his family. I’m the Lawyer you can trust. I grew up in Utah and love it here. I am a Father to three, a Husband to one, and an Entrepreneur. I understand the feelings of joy each of those roles bring, and I understand the feeling of disappointment, fear, and regret when things go wrong. I attended the University of Utah where I received a B.A. degree in 2010 and a J.D. in 2014. I have focused my practice in Wills, Trusts, Real Estate, and Business Law. I love the thrill of helping clients secure their future, leaving a real legacy to their children. Unfortunately when problems arise with families. I also practice Family Law, with a focus on keeping relationships between the soon to be Ex’s civil for the benefit of their children and allowing both to walk away quickly with their heads held high. Before you worry too much about losing everything that you have worked for, before you permit yourself to be bullied by your soon to be ex, before you shed one more tear in silence, call me. I’m the Lawyer you can trust.