Utah Estate Planning Attorneys

Business Planning Attorney

and Trust Attorney, Utah

Estate Planning and Setting Up a Family Trust or Will in Utah

J. Craig Carman, P.C., Utah Estate and Trust Planning Attorneys, have helped both Utah businesses and families organize and establish trusts and wills, securing their financial future. For companies, our Utah trust attorney has worked with everything from forming corporations to LLCs and partnerships, and for families we have helped establish family trusts, wills, and living wills. Because we are also Tax Attorneys, we can help you with you general tax needs as well, giving us key insight on your finances and how the future may affect your estate. We understand that most people need guidance in regards to Utah estate planning law, and our attorney is ready to put his breadth of knowledge and experience to work for you.

Utah Business Estate Planning

Most business owners have a great deal of their wealth invested in their business. While reinvesting the revenues of your company is beneficial to the growth your business, it creates liquidity issues for your inheritors once you pass on. This problem can be compounded when you consider that many businesses have multiple owners. You also have to consider how much will be left after probate and estate taxes so you can better understand what you will be leaving behind. That is why you should contact J. Craig Carman, P.C.'s Utah Estate and Trust Planning Attorneys now and create your business estate plan before it is too late.

Family Trusts and Wills

A family trust or will in Utah, tells your family and loved ones how you would like your property distributed after your death and helps ease the transition for them.

Wills can be simple or complex documents, depending on the individual's preference and the nature of his or her estate. Usually, the will describes the estate and identifies the people who will receive property. A will can also contain special instructions for gifts to charities, giving property to a minor child or disabled person, and naming guardians for minor children, among other provisions.

Regardless of the size of your estate, it is important to have a will if you want to determine its distribution after your death. If you die without a valid will, the distribution of your estate will be determined by law, without any input from you.

If you already have a will, be sure to consult one of our Utah trust attorneys to keep it up-to-date. Many life events may affect your will:

• You get married
• You have a new baby
• You get divorced or your spouse dies
• The size or value of your estate changes
• Your beneficiaries change
• You move to a new state

Even if none of these apply to you, consider contacting our Utah trust attorneys and reviewing your will at least every three years.

Depending on the size of your estate, it may be subject to federal estate taxes, which may create a substantial burden on the estate and your survivors. However, there are ways estate planning attorneys can help you to avoid these taxes(establishing Utah trusts, re-titling property, making early gifts to beneficiaries, etc.).

J. Craig Carman, P.C.'s experienced Utah trust attorneys can prepare your will and work with you to ensure that your estate plan meets your needs.

Living Wills

A living will or advance directive is a document that allows you to provide instructions about medical treatment in the event of a traumatic injury or disease that affects your ability to make decisions for yourself. The Utah trust attorneys at J. Craig Carman, P.C. can answer your questions about living wills and help you prepare one if you so desire.

Whatever your estate planning needs may be, the Utah Estate and Trust Planning Attorneys of J. Craig Carman, P.C., have the expertise you need. Call our Salt Lake City office at 801-531-6622 for one of our estate planning attorneys and trust attorneys, Utah.