How to Create a Full-Proof Estate Plan

 

Estate planning is the act of preparing for the transfer of a person's wealth and assets after his or her death. Assets, life insurance, pensions, real estate, cars, personal belongings, and debts are all part of one's estate. Having an estate plan in place is something we should all do but never know exactly how to create a full-proof estate plan. With the help of the lawyers at Robinson, Seiler & Anderson Law Firm in Provo, Utah and the steps listed below you can have the estate plan that covers everything you need.

 

Sign a Will

Signing a will is a must when it comes to having a full-proof estate plan. A will can help to ensure that your chosen heirs will get the assets that you want to leave to them. In your will, you name an executor who will have the power and responsibility to pay your debts and distribute the remainder of your estate according to your wishes. If you die without a will, your property will pass to your survivors based on your state’s laws of intestacy. This is your way of making sure that all of your assets are distributed as you wish, even after you are gone.

 

Name your Beneficiaries

It is important to understand that not all of your assets will pass to your survivors through your will, because some types of property do not go through probate. For instance, if you own a house jointly and your spouse has the right of survivorship (a type of ownership that is spelled out in your house deed), he or she will get your share of the home when you die. That is why it is important to meet with your lawyer at Robinson, Seiler & Anderson Law Firm in Provo, Utah to understand what your beneficiaries can get and making sure your beneficiary forms are up to date.

 

Create a Healthcare Directive

If your health ever becomes an issue and you are not able to make crucial decisions on your own then you need to have a healthcare directive in place. With a living will, you state the type of medical procedures that you do or do not want. In a DPA for health care, you name a health care agent or proxy who makes sure that doctors and other medical professionals carry out your wishes if you are too sick to speak for yourself.

 

There are a lot of aspects involved when it comes to having a full-proof estate plan. For more steps and information regarding what should be involved in your estate planning you should schedule a consultation with the experienced lawyers at Robinson, Seiler & Anderson Law Firm in Provo, Utah. We can walk you through every aspect according to your unique wants and needs.

View Our Testimonials Announcement

Norman H. Jackson, Utah Court of Appeals Judge, Retired, has joined the law firm of Robinson, Seiler & Anderson, LC, effective April 2017.  Judge Jackson was one of the seven founding Judges of the Utah Court of Appeals and served terms as Presiding and Associate Presiding Judge.
 
Judge Jackson was the senior attorney in a Richfield law firm for eighteen years.  The firm engaged in legal, business and tax cases, including practice before State and Federal Courts, U.S. Board of Land Appeals, Utah Public Service Commission and Arizona Corporation Commission.  Clients included counties, cities, banks department stores, communications and credit associations, irrigation companies, auto dealers, building supply stores, farmers, ranchers and small businesses. They took “every type of case that came through the door,” from criminal defense work to a patent royalty dispute for the inventor of the Frisbee. Judge Jackson has been a lifetime rancher doing business in Utah as Jackson Cattle Company and Arizona as EJ Cattle Ranches.
 
Judge Jackson’s professional service includes terms on the Utah State Bar Commission, Bar Foundation (President and Vice President), Air Travel Commission, and Utah Information Technology Commission.  He served on the Judiciary’s Alternate Dispute Resolution Committee for thirteen years and initiated and supervised the Appellate Court Mediation Office.  He developed and advanced a realistic and workable framework for both of Utah’s Appellate Courts to use in reviewing trial court and administrative agency decisions.  He published three editions of Utah Standards of Appellate Review while participating in more than 2,000 appellate court decisions.  
 
Judge Jackson’s experience will complement the other outstanding lawyers at Robinson, Seiler & Anderson, LC.  The firm will continue its representation of injured individuals, as well as clients in real estate, business, estate planning, tax, contract and education matters.
 

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