Tag Archives: common estate planning

Goals of Estate Planning

Goals of Estate Planning

Goals of Estate Planning

Estate planning is an important process for people in Utah to consider. It is a way for individuals to take control of their assets and make sure that their wishes are carried out after they are gone. Estate planning can help ensure that the individual’s assets are distributed according to their wishes and that their family is taken care of. In Utah, there are specific goals that individuals should keep in mind when they are creating their estate plans.

The first goal of estate planning in Utah is to ensure the financial security of the individual’s family. This includes making sure that their spouse and children are provided for financially after the individual’s death. Estate planning can provide for the individual’s spouse and children by designating a beneficiary on life insurance policies, setting up trusts, or creating wills. It is important to have a plan in place to ensure that the individual’s family is taken care of financially after they are gone.

The second goal of estate planning in Utah is to minimize the tax burden on the individual’s family. Estate planning can help to reduce the taxes that the individual’s family will have to pay on their inheritance. This can be accomplished by taking advantage of certain tax benefits, such as using a trust or other estate-planning strategies. It is important to understand the tax implications of each estate-planning strategy so that the individual can make an informed decision about which one is best for their situation.

The third goal of estate planning in Utah is to ensure that the individual’s wishes are carried out after they are gone. Estate planning allows individuals to create documents that outline their wishes for the distribution of their assets after they are gone. This includes setting up trusts, creating wills, and making sure that their wishes are respected by the courts. By creating these documents, individuals can ensure that their wishes are followed after they are gone.

Goals of Estate Planning, Jeremy Eveland, Jeremy, Eveland, Lawyer Jeremy Eveland, Attorney Jeremy Eveland, Utah Attorney Jeremy Eveland, estate planning, assets, trust, probate, taxes, beneficiaries, executor, tax, estate taxes, utah, lehi, utah, power of attorney, lehi, park, law, attorney, probate court, spouse, massachusetts, bus, usa, heirs, estate, step up in basis, probate administration, estate planner, liquid assets, 401(k), cost-basis, living wills, advance directives, estate-planning, generation skipping, last testament, illiquid, trusted, will, living trust, probated, 529 plan, liquidity, additional medicare tax, powers of attorneys, revocable trust, estate, planning, assets, plan, tax, trust, taxes, goals, children, death, property, attorney, family, life, beneficiaries, state, person, time, care, power, income, probate, documents, process, court, law, home, asset, executor, business, decisions, wishes, people, gift, ones, trusts, amount, basis, objectives, spouse, estate planning, estate plan, estate taxes, loved ones, probate court, ascent law llc, minor children, estate plans, real estate, bus stop, estate planning goals, irrevocable trust, healthcare proxy, life estate deed, common estate planning, married couples, health care, durable power, legal documents, income taxes, nursing home, helpful guides, estate planner, proper estate planning, financial advisor, federal estate tax, internal revenue service, family members, united states, capital gains tax

The fourth goal of estate planning in Utah is to protect the individual’s assets from creditors. Estate planning can help individuals protect their assets from creditors by setting up trusts and other strategies. This can help ensure that the individual’s assets are not taken by creditors and that their family is taken care of financially.

The fifth goal of estate planning in Utah is to provide for the individual’s long-term care. Estate planning can help individuals plan for their long-term care needs by setting up trusts, creating wills, and taking advantage of other strategies. This can help ensure that the individual’s care needs are taken care of and that their wishes are respected by the courts.

The goals of estate planning in Utah are varied and can be tailored to the individual’s specific needs and circumstances. It is important to understand the different goals of estate planning and to create a plan that takes into account the individual’s wishes and desires. By understanding the goals of estate planning in Utah, individuals can create a plan that will ensure that their wishes are carried out after they are gone and that their family is taken care of financially.

Estate Planning Consultation

When you need help with estate planning, call Jeremy D. Eveland, MBA, JD (801) 613-1472 for a consultation.

Jeremy Eveland
17 North State Street
Lindon UT 84042
(801) 613-1472

Home

Related Posts

Business Succession Lawyer Lehi Utah

Business Succession Lawyer Millcreek Utah

Business Succession Lawyer Murray Utah

Business Transaction Lawyer

Construction Law

Business Lawyer Salt Lake City Utah

What Is An Express Contract?

Antitrust Law

Salt Lake City Business Transaction Attorney

Business Succession Lawyer Herriman Utah

What Are The Advantages Of Hiring A Business Lawyer?

Business Succession Lawyer Logan Utah

Buy Sell Agreement

What Is The Relationship Between Business Law And Economies?

Litigation

Commercial Law

Business Transaction Lawyer West Valley City Utah

Registered Trade Marks

Due Diligence

Do I Need A Permit To Start A Business In Utah?

Business Succession Lawyer Draper Utah

Tax Law

Startup Attorney

Business Contract Lawyer Salt Lake City

Goals of Estate Planning