ELDER LAW ATTORNEY FOR ST GEORGE, CEDAR CITY, KANAB,  AND HURRICANE UTAH 

Quality Probate  Lawyer in Utah If you are seeking a compassionate experienced Utah probate lawyer to assist you through the probate process, contact Stephen K Harris Elder Law Attorney at Harris Lawyers PC.  We advise  and guide you to the right decisions for your family and loved ones. Contact Harris Lawyers PC to learn about the Utah probate process.

 

Utah Probate and Trust Attorney

Probate is a court proceeding in which a deceased person’s estate is administered by personal representative and then distributed to the proper beneficiaries. When a person dies without a will the administration of the estate is in intestacy and the laws of the state govern who is the beneficiary.  When a person dies leaving a valid will, the estate is administered in accordance with the will’s provisions.

Stephen K Harris Elder Law Attorney at Harris Lawyers PC has experience in all aspects of the probate process including notification, locating assets, creditor claims, property distribution, will contests, trust administration, fiduciary duties and beneficiary rights. When possible we strive to simplify the legal process and to  provide creative solutions for our clients.

Contact  a Utah Elder Law Attorney

If you are seeking  quality probate legal assistance in Utah, arrange a consultation at Harris Lawyers PC with Stephen K Harris Elder Law Attorney.

TRUST AND GIFT PLANNING

St George – Hurricane Utah Trust Lawyer

Effective Gift and Trust Planning

Historically the cornerstone of estate planning has been a detailed last will and testament. Today more and more estate planning clients desire the creative solutions and sophisticated planning provided by an experienced estate planning attorney. Solutions may include developing trusts or business entities and sophisticated agreements designed to hold and manage assets over time such as partnerships, limited liability companies and various trusts. Comprehensive estate planning addresses the ever-changing tax and legal issues of today and is designed to minimize potential tax liability and insure the future financial stability of your loved ones.

The elder law and estate planning practice at Harris Lawyers PC is focused on developing estate plans and asset protection solutions based on our clients’ desires and maximizing the benefits received by our clients’ beneficiaries.

Trust Creation and Administration

We listen to our clients to learn of their concerns and objectives and respond to their questions. We try and educate when necessary and take the time to review and analyze their financial situation. Our experience allows us to create resourceful solutions tailored our client’s values and objectives.  Harris Lawyers PC is experienced in creating, funding and administrating trusts of all types to achieve needs and objectives of our clients, including:

  • Living trusts
  • Revocable and irrevocable trusts
  • Bypass Trusts
  • Marital trusts
  • Qtip Trusts
  • Life insurance trusts
  • Educational trusts
  • Special needs trusts
  • Generation skipping trusts
  • Charitable trusts
  • Grantor-retained annuity trusts
  • Trust fund administration
  • Gifting Plans and
  • Charitable Gifts

We vigorously keep up on the ever-changing tax, gift, generation-skipping and estate laws, utilizing the newest tools and effective planning techniques for our clients. We draft estate plans that utilized our sophisticated knowledge of elder law, trust law,  incapacity planning, and taxation while keeping our clients’ short-term requirements and long-range goals in the fore front. We also review and revise existing estate plans for compliance with any new regulations, changed circumstances and client objectives.

Knowledgeable Estate Planning You Can Rely Upon

Harris Lawyers PC has extensive experience identifying our clients’ goals and we will provide estate planning solutions designed to achieve their objectives. For knowledgeable, experienced, and individualized estate planning and elder law needs in St. George, Cedar City, Kanab and Hurricane, Utah contact Harris Lawyers PC to schedule your initial consultation.

HURRICANE UTAH LIVING TRUST ATTORNEY

Avoiding Probate

A living trust  is an estate planning solution that can help your heirs avoid probate after your death.  When you create the trust you are referred to as a settlor or trustor.  The living trust (also known as a revocable trust) avoids the necessity of probate by receiving the transfer of the settlor’s assets into the living trust.  A trustee, which can be the same individual as the settlor, is legally responsible ( called the fiduciary duty) to manage the trust assets for the beneficiaries of the trust.   During the the settlor’s lifetime, the beneficiary can also be the beneficiary of the trust.  When the settlor  dies a successor trustee takes over the fiduciary duty to carry out the terms of the trust for the beneficiaries.  Since assets are transferred to the trust before death there is no need for the legal process of probate to transfer assets to a decedent’s  heirs as the trust continues in existence.

Advantages of a Living Trust:

  •  Avoiding probate
  • Convenience in distributing an estate
  • Assets are not part of the public record
  • Trust is revocable
  • Trust can be amended

Contact a Utah Revocable Trust Lawyer

If you want to learn more about living trusts, contact Stephen K Harris Elder Law Attorney at Harris Lawyers PC. We provide knowledgeable estate planning  tailored to our clients’ needs including planning, drafting and funding living trusts and irrevocable trusts. Contact our office to arrange for a free consultation to discuss how we can help you with your estate planning and elder law needs.

UTAH IRREVOCABLE TRUST LAWYER

The Benefits of Trusts

Trusts are effective and beneficial estate planning tools. The creator of a trust (called at times the Settlor, Trustor or Gantor) transfers assets into the trust, names a trustee to manage the trust for the benefit of the named beneficiaries. Trusts can either be revocable or irrevocable.   A living trust is usually a revocable trust.  There are many benefits of a trust such as:

  • Avoiding the costs and time of probate proceedings
  • Freedom from worry
  • Preserving assets for your descendants
  • For substantial assets -estate tax benefits
  • Financial guidance in the event a settlor becomes incapacitated
  • Providing for those with special needs

Stephen K Harris, Elder Law Attorney, is experienced in creating, funding and administrating trusts according to the need of the our clients. If you or your family member is interested in learning about the benefits of trusts and other estate planning tools, please contact Harris Lawyers PC.

IRREVOCABLE TRUSTS

Stephen K Harris, Elder Law Attorney at Harris Lawyers PC is experienced with all forms of irrevocable trusts such as these examples:

Life Insurance Trust:  If you own a life insurance policy on your own life the proceeds of that policy will be included in your taxable estate when you die. This can be avoided by creating an irrevocable life insurance trust (ILIT).  Ownership of the police is transferred to the trust which can remove the life insurance proceeds from the estate.

Special Needs Trust: A person can unintentionally disqualify a special needs child from receiving government benefit by making the child a beneficiary upon the persons death.  A special needs trust, also at times referred to as a supplemental needs trust, allows the person to leave assets to a disabled beneficiary without risking the loss of the public benefits available to the beneficiary thus improving the quality of life of the beneficiary.

Contact Stephen K Harris Elder Law and Trust Attorney

If you are in the St. George, Cedar City, Kanab, Beaver, or Hurricane areas of Utah and have questions about trust planning, we would be happy to speak with you. Please call or contact Harris Lawyers PC today.