Estate Plan Overview
Estate planning is really all about families. At AMP Law, we can help your family by ensuring that you and your spouse, children, parents, or siblings are properly taken care of with a properly drafted Living Will, Power of Attorney, Last Will & Testament, Living Trust, and Healthcare Directive. Whether your estate is large or small, we can handle all of your estate planning needs.
Additional Resources and Information
What is Estate Planning?
Estate planning is the process of giving what you have to whom you want, when you want and how you want. Estate planning can be accomplished through various means, such as designating beneficiaries of accounts, creating a will or trust, or titling assets over to someone. Estate planning gives you complete control over your assets and ensures your wishes are met in how they are passed to others.
How to Protect Your Assets?
Asset protection is the ability of an individual to protect their assets from future creditors through various legal methods. Two of the most common ways to do this in Utah are using limited liability companies such as LLCs, or limited partnerships, or by using an asset protection trust. In 2013, Utah enacted a law that allows a person to create an irrevocable trust, and fund it with their assets. This would provide asset protection from creditors as long as they follow certain statutory guidelines or requirements.
Basic Items in an Estate Plan
Questions for Your Attorney
We pride ourselves in creating unique individualized estate plans for our clients, and provide them with the goals that they want or have. We look and listen for details about your family situations, and make sure that your wishes are met exactly. Throughout the process, we develop a friendship, and if we can do that, if we can get you to recognize our value, you will likely see our firm standout more than others.