What is Estate Planning in Utah?
What is Estate Planning in Utah? Having an estate plan can help you ensure your wishes are carried out after you die An estate plan can also take the guesswork out of your loved ones’ lives, as it provides them with the information they need to understand your wishes and how you want your assets distributed. There are many legal documents involved in an estate plan. Some of the more important are a will and a trust. A will is a written document that lists your wishes about how your property should be divided after you die. In addition, a will can be amended by using a codicil. A codicil is a written document that changes a will without re-executing it. The codicil must follow the same formalities as the will. In other words, it must be signed by the testator and witnessed by two other people. A Trust is a very important component of an estate plan, especially if you own a business. A Trust can protect your assets and provide you with a level of control that you wouldn’t have if y...