Time is money, especially when it comes to the law. A primary reason is that in the majority of cases, attorneys are paid hourly. And additional legal experience an attorney brings to table is typically reflected in the rate. Combine this with the fact that litigation is often a long and cumbersome process, and you …
What You Can Do Now to Prevent Expensive Legal Battles Down the Road Read More »
The Utah legislature recently adopted the Uniform Power of Attorney Act (the “Act”). The Act became effective on May 10, 2016, and makes some significant changes to current Utah law. With its enactment, Utah joins 20 other U.S. States in enacting this uniform legislation, though Utah has made some non-uniform changes of its own. Here …
Powers of Attorney are powerful and potentially risky documents. A person signing a power of attorney (the “Principal”) is delegating certain authority listed in the power of attorney to another person (the “Agent”). Properly drafted, a power of attorney can be a useful tool in dealing with incapacity or absence. However, persuading banks, title companies, …
New Power of Attorney Law Holds Promise and Risk Read More »
A trust is an entity (like a corporation) established to hold and manage property. It has its own separate existence apart from the grantor or creator of the trust. Trusts can be established during one’s lifetime (a “living” trust) or they can be established at death through a will (a “testamentary” trust). In the case …
A will is simply a written directive to the probate court as to how property is to be distributed at death, who should be the personal representative (previously called an executor) to manage the estate, and who should be the guardian of minor children. Wills do not get rid of the need for probate. Rather, they …
