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Category Archives: Utah Revocable Trusts
Utah Trustee’s Duty to Keep Beneficiaries Informed
As I have described in previous posts on this site, individual trustees (as opposed to institutional trustees) too often fail to keep trust beneficiaries adequately informed. This is especially common upon the death of the settlor (the creator) of a … Continue reading
Safeguarding Your Utah Estate Plan: Selecting the Trustees
This post is the third in a series of posts that recommend techniques for protecting one’s estate plan from the negligent and/or unscrupulous actions of trustees, family members and others, in order to ensure that the estate plan will be … Continue reading
Utah Gun Trusts
PLEASE NOTE: Some of the information in this blog post may no longer be current. In recent months, proposed legislation that would regulate firearm ownership has provoked a spike in interest in what are commonly referred to as “gun trusts.” … Continue reading
What Happens to a Revocable Trust in Utah After Death?
When a person dies with a revocable trust, the successor trustee has certain responsibilities that must be promptly performed. Unfortunately, it is not uncommon for the trustee to drag his feet, leaving the beneficiaries wondering what their options are. The … Continue reading
Funding a Revocable Trust in Utah
A revocable trust offers two potential benefits: (1) it avoids the need for a probate upon death; and (2) it avoids the need for a conservatorship in the event of incapacity. (For a discussion of probate in Utah, see “Basic … Continue reading
Do I Need a Revocable Trust in Utah?
A revocable trust is used to avoid probate. As described in the preceding blog post, probate in Utah is not as cumbersome as it is in some other states. In Utah, a petition for informal probate can be approved by … Continue reading
What a Revocable Trust Does – and Does Not Do
There are really just two reasons to have a revocable trust instead of a traditional will. First, a fully-funded revocable trust eliminates the need for a probate of one’s assets upon death. Second, a fully-funded revocable trust eliminates the need … Continue reading