Salt Lake City Will Attorneys
Helping You Plan for the Future
At Pearson Butler, our team is dedicated to helping clients plan for the future and ensure their wills protect their interests and family. We understand that thinking about what will happen after you pass away can be difficult, but it is an important part of life. Our team is here to help you create a will that reflects your wishes and protects your loved ones.
What is a Will?
A will is a legal document that allows you to specify how you want your assets to be distributed after you pass away. It also allows you to name a guardian for your minor children. If you die without a will, your assets will be distributed according to Utah’s intestacy laws. This means that the state will decide who gets your property, and it may not be the people you would have chosen.
Creating a will is an important part of estate planning. It allows you to have control over what happens to your assets and your children after you pass away. It also makes the probate process easier for your loved ones.
Here are some benefits of having a will:
- Asset Distribution: You can decide who receives what from your estate, ensuring that your belongings go to the individuals or organizations you choose.
- Guardianship for Minors: If you have minor children, a will allows you to designate a guardian who will take care of them in case both parents pass away.
- Executor Appointment: You can appoint an executor, someone you trust, to manage your estate, pay debts, and distribute assets according to your wishes.
- Avoiding Intestacy Laws: Without a will, your estate may be distributed based on state laws, which might not align with your preferences. A will allows you to dictate your own terms.
- Minimizing Family Disputes: Clearly stating your wishes in a will can help prevent conflicts and disagreements among family members after your death.
- Charitable Donations: If you have specific charities or causes you care about, a will allows you to leave a portion of your estate to them.
- Tax Planning: While not all estates are subject to estate taxes, a will can include provisions that may help reduce the tax burden on your estate.
- Peace of Mind: Having a will provides peace of mind, knowing that you've planned for the future and the well-being of your loved ones.
What Can I Include in My Will?
When you create a will, you can include a variety of provisions. Some of the things you can include in your will include:
- Beneficiary Designations: You can specify who will inherit your assets, such as property, money, investments, and personal belongings. This includes family members, friends, charities, or organizations.
- Guardianship for Minors: If you have minor children, you can name a guardian to take care of them in the event of your death. This ensures that someone you trust will raise your children according to your wishes.
- Executor Appointment: You can designate an executor, also known as a personal representative, who will be responsible for carrying out the instructions in your will. This person will manage your estate, pay off debts, and distribute assets to beneficiaries.
- Specific Bequests or Gifts: You can leave specific items or amounts of money to particular individuals or organizations. For instance, you might want to leave a family heirloom to a specific family member or donate a sum of money to a charity.
- Residuary Estate Distribution: Any remaining assets that are not specifically mentioned in the will can be designated to beneficiaries as a residual part of your estate.
- Funeral and Burial Instructions: While not legally binding, you can include your preferences for your funeral arrangements or any specific requests you have regarding your final disposition.
- Disinheritance: You have the option to exclude certain individuals from inheriting from your estate by explicitly stating that they are disinherited.
When you create a will, you can also create a revocable living trust. This is a type of trust that you can change or revoke at any time. When you pass away, the assets in the trust will be distributed to the beneficiaries you have named. Creating a revocable living trust can help your loved ones avoid the probate process.
Why Choose Pearson Butler?
At Pearson Butler, we are dedicated to helping clients plan for the future. We understand that thinking about what will happen after you pass away can be difficult, but it is an important part of life. Our team is here to help you create a will that reflects your wishes and protects your loved ones.
When you choose us, you get:
- Legal Expertise: We have extensive knowledge of estate planning laws in Utah. We guide you through the process, ensuring you will comply with state laws, which can be complex and vary by jurisdiction.
- Tailored Advice: Every individual's situation is unique. We provide personalized advice based on your specific circumstances, helping you make informed decisions about your estate and beneficiaries.
- Document Preparation: We handle the preparation of the will documents. We ensure all necessary elements are included, such as identifying the testator (the person making the will), appointing an executor, and clearly outlining asset distribution.
- Customization: Wills can cover various aspects beyond asset distribution, such as guardianship for minors, charitable bequests, and specific instructions. We can help you customize your will to reflect your exact wishes.
- Minimizing Errors and Challenges: DIY wills or poorly drafted documents can lead to legal challenges. We work diligently to minimize errors and ambiguities that could result in disputes among beneficiaries or the will being contested.
- Review and Updates: As life circumstances change, so may the wishes of the testator. We encourage regular reviews of the will and assist in making necessary updates to ensure it remains current and aligned with the client's intentions.
- Additional Estate Planning Advice: Beyond wills, we guide other essential estate planning documents, such as trusts, powers of attorney, and healthcare directives, to create a comprehensive plan.
- Probate Guidance: In the event of your passing, we assist the executor in navigating the probate process, ensuring the will is executed as intended and guiding through any legal procedures.
Our Salt Lake City will lawyers are here to help you every step of the way. We will take the time to understand your unique situation and help you create a will that meets your needs.