|
|
Estate Planning for Utah
Whether you are planning for your own future protection and management, or you are planning for your family, friends, or charitable causes, we can assist you with the creation and implementation of a plan to meet those goals.
Penniann J. Schumann, J.D., LL.M. has the experience to work with you to plan your estate, small or large. Send an Inquiry on the Contact Us page for personal attention to your needs.
 EVERYONE SHOULD HAVE A WILL. It does not matter the size of your estate. This is a document which states who will INHERIT your assets, who will manage your estate, and it can nominate a guardian for your children. |
 Trusts are contracts serving many purposes including: a distribution plan, tax planning, avoiding probate, gifting to children, gifting to charities, and maintaining control on how the heirs spend their inheritance. |
 Probate is the process when you file a will and death certificate in the court house, file petition with the court to appoint conservators and guardians for minors and incapacitated persons. It can be time consuming and expensive. |
 This document names a person to act on your behalf in financial matters. It can be as broad or as narrow as you determine. It is very useful in the event of your own disability whether temporary or permanent. |
 Conservators are individuals appointed by a court of law who have a duty to manage money and assets for minors or incapacitated persons. Guardians are individuals appointed by a court of law who have a duty to take care of minors or incapacitated persons. |
 In addition to naming an individual who will have the power to make health care decisions, this document also can clarify how you want your health care administered in certain pre-defined events: progressive illnesses, etc. |
|
