So I have received a question about estate planning – the question is: I don’t have a lot of assets and I’m not sure that I need an estate plan – do I really need to do estate planning?
I’ve made this short video – watch it and see if this helps –
Click on this link here — https://youtu.be/u940vJV9m6Y
The short answer is yes – you do need to do estate planning even if you don’t think that you do.
The longer answer is – of course – let me explain.
If you don’t do any estate planning, then we have to file a probate case for you in court. Probate means to prove and what we have to prove is that whomever is petitioning the court to be the personal representative of your estate is qualified to do so. That person they will get permission to sign their name as if they were you.
That person, once appointed, can then administer your estate. If someone doesn’t agree with what you are doing, that person can sue you – then you’re looking at additional court costs and attorneys fees. You probably have heard that the only ones who win in a lawsuit are the lawyers and there is some truth to that.
I’ve had clients where we have won their case after a long trial and my clients were still upset because they had to go through the who mess. Trust me – you don’t want to spend years in court – you want to move on with your life. You can’t move on if you’re being sued about an estate.
But if you do your estate planning and you get it done, then you never have to worry because the written documents will prevail and your personal representative will be the person you want appointed, not just whomever the state chooses – and the chance of lawsuits decreases because you’ve done your planning and it says exactly what will happen.
I hope this video has helped you. If you enjoyed the information in here, please like this video and subscribe to my channel.
Remember, if you live in West Jordan, Holladay, South Jordan, Taylorsville, Pepperwood, Cottonwood Heights, Salt Lake City, Sandy, Midvale, Riverton, Draper, Sandy City, Magna, North Salt Lake, Bountiful, Woods Cross, or Herriman Utah we are here to assist you with your estate planning.
We will do your will, your trust, health care directive, power of attorney, and even probate the case if necessary.
For those who live or own property in West Jordan, Holladay, South Jordan, Taylorsville, Pepperwood, Cottonwood Heights, Salt Lake City, Sandy, Midvale, Riverton, Draper, Sandy City, Magna, North Salt Lake, Bountiful, Woods Cross, or Herriman Utah.
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States
Telephone: (801) 876-5875
from Salt Lake City Estate Planning http://saltlakecityestate.blogspot.com/2016/08/is-estate-plan-right-for-me-utah.html