Planning for Senior Years

Morgan & Associates Attorneys at Law
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Utah Estate Planning for Senior Years

Utah Estate Planning & Assistance Asset Protection Services


A common misconception is that Utah Estate Planning is only necessary for the very wealthy. In reality a Utah Estate Plan can benefit a person with few assets just as much or more than a person with substantial wealth. In the end Estate Planning is about preventing conflict in families. In this regard, estate planning is necessary for everyone.

Protect Your Independence with a Utah Trust Plan

Often clients come into a consultation concerned about what will happen to their estate after they pass away. While this is an obvious issue, at Morgan & Associates our primary concern is protecting your independence and your estate while you are still living. Without a plan, it becomes much more likely that court intervention will be required in the event of your incapacity. When an adult becomes incapacitated the court appoints a guardian and conservator to care for them. This effectively strips an individual’s legal rights and reduces them to the status of a minor.  A properly drafted Utah Trust Plan organizes funds and empowers only trusted individuals to oversee your funds in the event of incapacity. This saves the costs and hassle of court and more importantly ensures a court will not declare you incapacitated. Furthermore, with all of your assets held in trust, it makes it much more difficult for greedy individuals to steal from the estate.

Protect Your Descendants with a Utah Estate Plan

Without a trust plan, the probate court oversees the distribution of a deceased person’s estate. This can be expensive, especially if family members disagree with how the plan is administered.  Furthermore, probate court records are freely searchable, meaning that creditors or other unwanted strangers can see what property a person has at death.

A family trust plan keeps the assets out of court and out of prying eyes. Unlike a will a family trust plan is easy to change, revoke or edit.  Assets inside the trust can be removed at any time until the death of its creator. Additionally, a Utah trust can be structured to include stipulations on inheritance such as using the money for specific purposes such as education or retirement.  A trust can even be designed to pay out an inheritance only when a person reaches a certain age of maturity or completes designated milestones.

Protect Relationships with a Utah Estate Plan

Incapacity and death can create unexpected strains on family relationships. A Utah Estate Plan can help alleviate potential conflicts by assigning and designating responsibilities and assets before tragedy and time take their toll. No person wants to face a loss of independence and death but planning for the future can make things much easier on those who support you when it happens.  Often conflict in the context arises because children have a different perception of what a parent would have wanted. Explaining your wishes and planning to make them practical will not remove all of the pain but can at least take away the uncertainty.

Learn More About Utah Estate Planning Today: 801-874-5644


                                                                                                                                                                                                                                                                     

 

 

 


Veterans Benefit Planning Utah Law Firm Morgan & Associates
Carl Dempsey
Carl Dempsey
22:23 15 Apr 19
Chris was great helping with our estate planning (trust, wills, directives, etc). Went above and beyond the deliverables I was expecting and clearly knows his stuff to have suggested things I wouldn’t have ever though of. Don’t go to another random attorney who may or may not know how to do this kind of thing, go to someone who specializes. I HIGHLY RECOMMEND!read more
Sami Draper
Sami Draper
04:17 18 Mar 19
Answers the phone on the weekend and is so willing to help you on their days off. Extremely helpful and friendly.read more
lynn lindstrom
lynn lindstrom
22:45 15 Mar 19
They were kind and helpful explaining every thing helped me with other things I needed done would use them again no problem excellentread more
Charlotte Stock
Charlotte Stock
17:23 01 Feb 19
Christopher Morgan listens closely and is very knowledgeable about Utah law concerning estate planning, health care directives, and wills. I was amazed at his ability to give me the help and advice I needed to be completely satisfied and at peace with every document he made for me. He certainly has my vote of confidence. I highly recommend him to everyone. Charlotte Stockread more
Janelle Wakley
Janelle Wakley
22:23 25 Jan 19
Chris was very helpful when my husband and I had questions about our Medicaid application. He is friendly and professional.read more
Wolfiere Labs
Wolfiere Labs
20:38 25 Jan 19
JoAnna Hall
JoAnna Hall
17:14 21 Dec 18
If you're looking to get your estate planning, trust in order, Chris is the guy!! He is so thorough and explained everything in terms we understand and knows what he is doing! Very pleasant experience and we HIGHLY recommend him! Thanks Chris!read more
Joe Clements
Joe Clements
19:25 05 Dec 18
We needed help with making a Will and Trust. Chris got us in quickly and produced our documents at a super affordable cost! Highly recommend!!read more
Ben Tyler
Ben Tyler
05:57 02 Nov 18
My wife and I hired Chris Morgan to help us with our Estate Planning documents and could not have been more pleased! Chris was responsive to our every need, flexible in his scheduling, patient and clear in educating, sensitive to our interests, and produced a product which far exceeded expectations. But this really didn't surprise me, considering the raving reviews he's received from his clients. With binder of completed documents in hand, my head will rest more comfortably on my pillow tonight. Thank you, Chris, for making our most important priorities your own. We look forward to receiving our first Christmas card :).read more
Bonnie Hill
Bonnie Hill
21:32 31 Jul 18
Chris was really great to work with! On our first meeting he was very knowledgeable and funny and easy to talk to! He explained things and addressed all our concerns and questions. He made things fun and eased any tensions. He seems honest and fair. The best part is that he was willing to come to our home for the meeting. He was easy to work with schedule wise as well. I would definitely recommend Chrisread more

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