A well-designed estate plan brings peace of mind by ensuring your wishes are fully known, clearly stated, and centrally located. A will or trust provided through Schmidt Law will ensure those you designate receive the assets and income you’ve worked to build your entire life. The attorneys at Schmidt & offer a variety of estate planning services, whether that be a simple will or a comprehensive trust, we will consider your financial situation, the size of your estate, the special needs of your family, and the tax consequences involved in making investments and gifts.
Don’t take the disposition of your family lightly. Be proactive in securing a future for your loved ones. Also, in taking the legal steps necessary to ensure fulfillment of your desires.
Drafting a will allows you to say how your assets will be distributed after you pass away. If you do not have a will, the state of Utah will distribute your estate through the laws of intestacy. An attorney insures the document correct. If the court deems the will void for any reason, pieces of it, or the whole thing, will be struck and not enforced. The court would then substitute its own directives where needed. At Schmidt Law, we pride ourselves in ensuring you will be fully compliant and therefore, fully enforceable.
A living trust is an excellent option if you have substantial assets and want to minimize estate taxes. A living trust, however, created and funded during your lifetime. This option avoids the cost associated with probate with proper set up, funding, and all property in the trust is titled correctly.
Living trusts and testamentary trusts, both used to protect beneficiaries from poor financial decisions. You should also consider a trust if you have children or other family members with special needs.
A Health Care Directive provides a clear statement of wishes about your choice to prolong your life or to withhold or withdraw treatment. You can also choose to request relief from pain even if doing so hastens death. Health Care Directives can also give someone else the power to determine what medical treatment you should receive, including whether life-sustaining procedures will be utilized.
A durable power of attorney gives someone else the power to make financial decisions on your behalf.
Regardless of your estate needs, Schmidt Law can assist you in designing and executing a plan of preparation and foresight. We are here to help you!