Estate Planning Resources
Practical guidance on wills, trusts, probate, business succession planning, and protecting the people and businesses you care about most.
How to Engage Children in Charitable Giving
The intent of this article is to give the reader some ideas on how to teach generosity, civic engagement, and financial responsibility. Parents often struggle with the paradox of teaching their children to be savvy with their money while at the same time teaching them to be generous. Estate Planning [...]
“Reasonable Efforts”? As Defined by whom?
Parties to a contract will often use the term “Reasonable Efforts” in contracts where the person doesn’t want to take on strict liability for non-performance to make sure something gets done, but has the intention in complying as long as something out of his/her control doesn’t happen. For example in [...]
A Not So Obvious Estate Planning Mistake
You just got done signing estate plan papers with your attorney, and he summarizes everything you have just done, “Today you completed your Estate Plan. You have a pour over will that will act like a big broom and sweep all personal property into your Trust when [...]
What will really happen to my estate if I die without a will or a Trust?
Ok, for all of you out there who do not have an estate plan, I have put together a brief video explaining what will happen to your estate if you die without having first planned by getting a trust or a will. Every state can be different on this, but [...]
Legacy Planning is Not Just for the Rich- See how $5,000 can impact 3 generations.
Legacy Planning is the process of using the transition of wealth to incentivize gift distributions. For a closer look with examples of Legacy Planning might look like, please see my previous post, Legacy Planning 101. After people understand the concept of legacy planning they are often intrigued and interested. [...]
3 Reasons Why You Should Negotiate Your Contract
3 REASONS WHY YOU SHOULD NEGOTIATE YOUR CONTRACT # 1- THE SHOE PROBABLY DOESN'T FIT. The first reason to negotiate your contract, rather than to sign whatever document is put in front of you is that most business owners are using contracts they either pulled off the Internet, inherited from a [...]
Probate Court Explained
Probate Court is talked about by every estate planning attorney. I do not think that it gets explained very well though. Watch this video for brief, yet simple explanation. This video will answer, what probate court is, how long does it take, and if you want want to avoid it. [...]
Building an Empire Part 2 – Start with Your Assets
What are your assets? Most people think of bank accounts, stocks, bonds, land, and businesses when they think of assets. They would be right, they are assets, but those are not the only assets that we have, nor do most people view them [...]
4 Elements of a Contract
Here in St George, UT contracts are often made with a wink and a smile over lunch at Judds Store, more formal than that would be a firm handshake at the Pizza Factory, even better would be something in writing at person's place of business. In this video Wes Winsor [...]