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Tag Archives: Trust

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What is a Beneficiary Designation?

By Barney McKenna & Olmstead |

Beneficiary designations are contracts generally not governed by a will or trust such as life insurance policies, annuity contracts, IRAs, and other retirement plans.

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What Happens: No Will, No Trust

By Barney McKenna & Olmstead |

Even if you have never signed a will or trust, you have an estate plan. Some of you may be asking, “How?” The answer is the state has a “default estate plan” for those without their own.

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Asset Protection for Professionals and Business Owners

By Barney McKenna & Olmstead |

If you are a Utah business owner, an individual in a high liability profession (like a physician or contractor), or if you are an individual with a high net worth, a Utah asset protection trust can help protect you and your family.

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Estate Planning for Blended Families

By Barney McKenna & Olmstead |

Doing proper estate planning for a “yours, mine and ours” family presents many special challenges. This article sets forth problems and provides solutions for what spouses can do when addressing concerns related to blended families.

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Is a Living Trust Right for You?

By Barney McKenna & Olmstead |

The use of a revocable trust (sometimes referred to as a “living trust” or “family trust”) to plan one’s estate has become very popular. Despite the popularity of the revocable trust, revocable trusts are not without their potential problems.

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Trust Disputes vs. Probate

By Barney McKenna & Olmstead |

A will or living trust may also create a separate trust when one spouse dies, in order to shield up a significant portion of the estate from later estate taxes. Such trusts are designed to save money by avoiding probate fees and delays, and by deferring or reducing estate taxes.