Expertise
2023
What Is Estate Planning?
If you’re visiting this web page, you likely don’t have an estate plan in place, but you’re not alone. In fact, according to a study done by Caring.com, 60% of Americans don’t have a will or estate plan. An estate plan dictates the future of your assets, property, and more while you’re alive and after you’re gone. It can provide peace of mind for your loved ones by ensuring that your wishes are carried out accurately, which will help them move forward knowing they’ve honored your legacy. Aside from simply providing clarity on your wishes, an estate plan also involves:
- Naming a beneficiary to designate who gets what, especially larger accounts like retirement or bank accounts
- Establishing a trust which will own your assets and can ensure a smooth transfer of them to your loved ones when the time comes
- Establishing a guardian if you have minor children
- Establishing powers of attorney
- And establishing other legal documents that protect your assets and family members!
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Why Is Estate Planning Necessary?
You’ve worked hard for your possessions. Do you really want the state of Utah to decide what happens to them? Do you want there to be a possibility of tension amongst family members, fighting over who gets what when you’re gone? A proper estate plan can prevent all of these things from happening.
It is also important that your estate plan is complete and not just made up of a will, as a will alone may create the need for your property and assets to go through Utah’s probate process before they can be distributed. Probate can be a time-consuming, complicated, and expensive headache for your family to deal with at a time when they should be grieving their loss.
If you pass away or become incapacitated and are unable to make decisions for yourself, the lack of an estate plan can leave your family in distress, as they don’t know what you want or how to carry out your wishes, and the Utah courts will distribute your belongings. Take legal action now with one of our Sandy estate planning lawyers, who knows how to build a personalized plan that will secure your legacy and your family no matter what the future holds or what happens to you (especially if you have minor children who you want to be raised by someone you know and trust).
What Green Legal Group’s Sandy Estate Planning Lawyers Can Do For You
Don’t put estate planning off for another day, as tomorrow is never guaranteed! The Sandy estate planning lawyers at Green Legal Group have 15+ years of combined experience designing customized plans that are tailored to our clients unique needs. Let us get to know you, explain your options, answer your questions, and help you navigate the complexities that come along with estate planning. Call today for a free 30-minute consultation with an estate planning lawyer at Green Legal Group.