Wills Trust & Estate 2017-07-09T03:43:49+00:00

WILLS, TRUSTS & ESTATES

 

Advanced Estate Planning – Wills & Trusts / Estate Planning

 

ADVANCED ESTATE PLANNING

Central Utah Estate Tax Planning Attorney

Helping Clients Achieve Their Planning Goals

For many people in Utah, conventional estate planning tools can only take them so far toward addressing their concerns about the tax consequences of estate planning, potential long-term nursing care needs, and control over their business interests.

At Esplin | Weight in Provo, our attorneys help clients design customized estate plans focused on their individual goals, often in conjunction with teams of expert professionals. Contact us to arrange a free initial consultation with one of our knowledgeable estate planning lawyers.

Assembling Highly Sophisticated Estate Plans

Our firm is highly experienced at assisting high-asset individuals, business owners and other people in need of advanced estate planning services. In addition to drafting wills and trusts with more complex provisions, we regularly use sophisticated estate planning structures such as the following:

  • Family limited liability companies (LLCs)
  • Family limited partnerships
  • Irrevocable life insurance trusts (ILITs)
  • Small business buy-sell agreements

Advanced estate planning can be useful when it comes to reducing liability for estate taxes, income taxes and other taxes. You may also be interested in Medicaid planning in order to reduce the impact of any long-term nursing care needs you may have later in life.

Putting Together a Team to Meet Your Needs

When it comes to complex estate planning, a single lawyer or single other professional is not going to have the advanced knowledge to advise you on all aspects of your plan or to carry out all of the required tasks.

Depending on your advanced estate planning needs, the services of a CPA, a financial planner, a financial products expert and/or a tax expert, in addition to an attorney, may be extremely valuable. We have strong relationships with dependable professionals in all of these areas and are experienced at working as part of a team.

Don’t hesitate to contact us to discuss how we can help you pursue your advanced estate planning goals. Contact our office by phone 801-373-4912 to schedule an appointment or speak to an attorney.

WILLS & TRUSTS / ESTATE PLANNING

Provo UT Wills Trust & Estate Planning Power Lawyer

Helping You Make Your Wishes Known

Taking the time to think now about your estate planning needs can help you gain peace of mind and prevent future confusion within your family. An experienced estate planning lawyer can help you make sure your last wishes are carried out.

At Esplin | Weight, we have guided many Utah clients through the process of estate planning. We will make sure that our recommendations reflect your personal goals and needs. Contact us at our offices in Provo to schedule a consultation with one of our knowledgeable attorneys.

Preparing Basic Utah Estate Planning Documents

There are several estate planning documents that are included in most basic plans in Utah. We have helped countless clients put together comprehensive estate plans including:

  • Wills: A will is a necessary part of any estate plan, setting forth your basic wishes concerning your property and naming your personal representative and guardians for any minor children you may have.
  • Trusts: A revocable living trust is a special device that simplifies the transfer of assets, allowing many of our clients to achieve their goal of avoiding the time-consuming, often-costly process of probate.
  • Powers of attorney: A power of attorney appoints a person to take actions on your behalf if you become unable to do so. We can draft separate powers of attorney for financial and medical matters.
  • Health care directives (living wills): A living will, technically called a health care directive in Utah, sets forth your wishes regarding life-saving medical treatment.

If you decide to use a trust to avoid probate, we will also make sure the appropriate deeds are prepared and recorded in order to transfer your home and/or other assets into the name of the trust.

Addressing Complex Planning Circumstances

For clients with more complex estate planning needs beyond the scope of a traditional plan, we coordinate income tax planning, estate and inheritance tax planning and Medicaid planning with experienced, qualified accountants and financial planners. We also examine the estate planning consequences of business planning decisions.

By putting together a team of experts to help you meet sophisticated estate planning goals, we believe we provide you with greater value than you would get by relying on a single professional to address areas that involve several different disciplines. To get responsible assistance from experienced estate planning attorneys, contact us at Esplin | Weight today.