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Tag Archives: Trust


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.


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.


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.


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.


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.