by Alison Burt | Jun 12, 2024 | Estate Planning - Wills & Trusts
Why You Need a Will in Utah Planning for the future is crucial, but it’s easy to put off. Many people delay creating a will, thinking it will be difficult. However, dying without one can cause significant stress and challenges for your loved ones. At Stone River Law,...
by Stone River Law | Nov 20, 2023 | Estate Planning - Wills & Trusts
Although the two terms are similar, they refer to very different estate planning tools. A living will allows a person to state end-of-life medical care preferences and to name a person who act on their behalf if they are no longer able to speak for themselves. A...
by Stone River Law | Nov 20, 2023 | Estate Planning - Wills & Trusts
What is estate planning? Planning for the preservation and transfer of a person’s property after their death is called “estate planning.” A comprehensive estate plan will often include a will, powers of attorney, a living will (Utah Advance Health Care Directive) and...
by Stone River Law | Nov 20, 2023 | Estate Planning - Wills & Trusts
A durable power of attorney becomes invalid upon the death of the principle. A durable power of attorney differs from a standard power of attorney in that it continues to be effective even after the principle has become incapacitated. But no power of attorney exists...
by Stone River Law | Nov 20, 2023 | Estate Planning - Wills & Trusts
Which trust type is right for you? Both a living trust and a testamentary trust can perform many of the same functions. The key difference between the two is the timing and mechanism of their creation. A living trust is created during the grantor’s lifetime, and...
by Stone River Law | Nov 20, 2023 | Estate Planning - Wills & Trusts
A last will and testament is only legally valid once it has been signed by two witnesses as well as the testator. The only requirements for the witnesses is for them to be “generally competent.” If all three signatures are properly notarized, a will is...
