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Inheritance tax can often seem like an intimidating subject, especially because these laws vary from state to state. In Utah, particularly, there’s a common myth surrounding the existence of a state inheritance tax. However, the reality is quite different. Utah residents can breathe a sigh of relief knowing that their state does not impose an inheritance tax. However, this doesn’t mean they’re entirely exempt from paying inheritance tax. Inheriting assets from states with inheritance taxes can still make taxes fall

Estate planning may seem overwhelming, but this process can help you secure your legacy and provide for your loved ones. In Utah, estate planning involves making decisions about your assets, healthcare preferences, and the future of your estate. This beginner’s guide will focus on key considerations, essential documents, and the importance of seeking professional guidance.  Understanding Estate Planning Estate planning utilizes different legal tools to make sure your wishes are carried out after you pass away or become incapacitated. Whether

After 15 years working with clients in estate planning, I’ve realized that many people view estate planning as overwhelming or confusing. And this is pretty understandable: it’s not exactly a common topic at birthday parties. (I mean, it wouldn’t be too nice to remind grandpa he’s ‘getting up there’ after he blows out the 78 candles melting off  his cake.) More likely, we’ve heard about the aftermath of someone going to court because grandma June left a will, or maybe

The Corporate Transparency Act (CTA) has been an enormous piece of legislation geared toward enhancing transparency in corporate ownership and combating financial crimes inside the United States. However, a latest selection by the US District Court for the Northern District of Alabama has raised questions on the constitutionality of the CTA and its enforcement. This article will offer a top level view of the heritage of the CTA, speak of the updates following the court choice, and discover the implications

Trust Naming 101: Understanding the Language Behind Trust Agreements Trust agreements and the language behind trust naming can be difficult to comprehend. There are both legal and practical reasons for the trust to be named and referenced as it is. Have you ever wondered what a trust truly contains, or have you ever found it difficult to interpret terms used in legal documents? If you’ve been thinking about these questions, you’ve come to the right place. In this blog, we