Most people don’t know the importance of setting up an estate plan in Southern Utah, also referred to as an incapacity plan. When such people are asked, they give predictable answers, such as “to avoid probate and taxes,” “to distribute their wealth when they’re...
Whether probate is necessary depends on what property the decedent owned and how it was held, and on the law of state in which the decedent died and the laws of any states where the decedent held property. In general, the probate process clarifies issues in a will and...
Assets that generally do not go through probate are 1) jointly owned assets that transfer to the surviving owner; 2) assets that have a valid beneficiary designation; and 3) assets that are in a trust. However, these assets do not always avoid probate. Jointly Owned...
Probate is the court-supervised transfer of property from a deceased person (decedent) to his or her heirs and beneficiaries. If the decedent had a will, the will specifies who receives the decedent’s estate. If the decedent did not make a will, state law identifies...
By: Benjamin Ruesch, Esq. With the recent passing of Utah’s adopted celebrity Gary Coleman, star of Different Strokes, much attention has been brought to the fact that his life was terminated at the direction of his ex-wife Shannon Price. She was given the full...
