St George Estate Planning

Not All Estate Plans are Created Equal

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August 4, 2017 By sunrise

Twenty Questions #9: Is Your Spouse Perfect?

We all like to think our spouses are perfect. We like to think we are a perfect couple. However, we all know everyone is imperfect. Those imperfections are part of the reason we love our spouses. They can keep us grounded and remind us that everyone is human. However, those imperfections can lead to conflicts and problems. This is true during your life and after. Even with the best of intentions, your spouse might end up doing something you would not wish for.

An Estate Plan can provide solid assistance to the surviving spouse. In case some of their imperfections show up, your spouse will be prepared. This is also crucial in case somebody tries to take advantage of them. While we would like to believe that won’t happen, unfortunately, it does. A proper Estate Plan can protect them from themselves and from others.

Filed Under: Estate Planning, Values Based Estate Planning Tagged With: Estate Planning, Family, Twenty Questions, Values Based

July 31, 2017 By sunrise

Twenty Questions #8: Do You Love Your Children?

This is a simple one; of course, you love your children. You love them more than anything and would do everything in your power to protect them. An Estate Plan shows your love for your children and protects them long after you pass away. Cost may be a concern. However, to protect them now instead of leaving them with a head ache after you are gone will ultimately be cheaper.

In fact, many give annually well over $1,500 to $5,000 to charities, which is generally how much an Estate Plan can cost depending on a variety of factors. This is amazing and we applaud such generosity. Such donations provide relief to many people who are in need. Now consider the benefit of helping your children by spending that same amount of money on estate planning. A one-time donation, with the occasional update throughout the years is certainly a viable option. Give a gift to your children. Give them a customized personalized Estate Plan that will provide for them in the years to come.

Filed Under: Estate Planning, Values Based Estate Planning Tagged With: Estate Planning, Family, Twenty Questions, Values Based

July 28, 2017 By sunrise

Twenty Questions #7: Could Your Children Need Government Benefits in Their Lifetime?

Government benefits are often hard to navigate. With many rules and regulations, it can seem impossible to keep track of every detail concerning your benefits. You never know what seemingly minor detail might have a major impact on your government benefits. Plus, very few people know how to maximize those benefits. In fact, it can be so difficult that many people who need benefits might not be receiving them.

If your children are receiving benefits based on needs, they will lose those benefits if they have any assets. This means if you don’t plan correctly any inheritance the receive could cause them problems. Instead of providing relief as intended, you increase their stress. The correct Estate Plan design will allow them to keep the government benefits and their inheritance. This is why it is important to create that Special Needs Trust.
This is also true if they might need government benefits in the future. A thorough Estate Plan can create a Special Needs Trust. This allows your child to keep any future benefits and their inheritance. This will be the most beneficial for your child in the long run. It will not hinder any future plans they may have or need.

Filed Under: Estate Planning, Values Based Estate Planning Tagged With: Estate Planning, Family, Twenty Questions, Values Based

July 24, 2017 By sunrise

Twenty Questions #6: Do You Care if Your Heirs are in Harmony Over Their Inheritance?

Harmony is something people are always striving for. Just like in music, harmony creates beauty in life. The harmony creates the intricate sounds that cause pleasure and excitement when listening to music. However, to create harmony in music and life, there are certain rules and patterns one should follow. It is important to remember, however, that not everyone likes the same type of harmonies. Each person has their own personal connection to the types of music they enjoy. It is the same when it comes to your heirs being in harmony. Not every plan will work the same for every family.

However, this is a place where the Estate Plan can not only set out the financial legal design, but it can also set out your legacy and your reasons for planning. It can be designed to create beautiful music that will bond the family and keep your children and your heirs in harmony.

This is possible because an Estate Plan is so much more than just a simple Will. An Estate Plan can provide more protection for your family after you pass away. Having just a Will is like having a simple melody. You might think it is everything you would ever want and need, but it could be so much more. Creating an Estate Plan is like taking that simple melody and expanding it to create harmonies for a full orchestra. There is so much more depth and complexity to the music. This allows it to bring joy to a wider audience. Similarly, an Estate Plan can take a simple Will and expand it into documents that not only distribute your assets but also help protect the relationships of those you left behind.

Filed Under: Estate Planning, Values Based Estate Planning Tagged With: Estate Planning, Family, Twenty Questions, Values Based

July 21, 2017 By Larry Brock

Twenty Questions #5: What if You Don’t Have Children?

If you do not have children, do you like all your brothers and sisters and all of their children?Do You Have Children

Without an estate plan, the government decides who will receive your assets. If you have no children, the intestate plan most likely will dictate that your assets go eventually to your brothers and sisters and then [Read more…]

Filed Under: Estate Planning, Values Based Estate Planning Tagged With: Estate Plan, Estate Planning, Twenty Questions, Values Based

July 19, 2017 By Larry Brock

Twenty Questions #4 – Do Your Children Have Imperfections?

Children with DisabilitiesSometimes the unthinkable happens. Sometimes people make poor choices, which leave them unable to make wise decisions. These can vary from something small, which can be overcome quickly, to something major and life changing, which can take years to overcome. If one of your children is in the middle of such a life changing problem [Read more…]

Filed Under: Estate Planning, Values Based Estate Planning Tagged With: Estate Plan, Estate Planning, Twenty Questions, Values Based

July 10, 2017 By Larry Brock

Twenty Questions #2: Have You Been Married More than Once?

Wedding RingWhen you get married, you expect that marriage to last forever. Unfortunately, the sad truth is many marriages end in divorce or one spouse dies and the other goes on to remarry. In those cases, you would generally want the assets you acquired during the first marriage to go to the children of that marriage. [Read more…]

Filed Under: Estate Planning, Values Based Estate Planning Tagged With: Estate Plan, Estate Planning, Twenty Questions, Values Based

July 5, 2017 By Larry Brock

Twenty Questions #1: Are You Going to Die?

In the next series of blogs, I will be answering some questions as to why it is important for everyone to create an Estate Plan. Many people think of Estate Plans as something extra, or something you do when you have a lot of assets, but this is not the case. Everyone, no matter how [Read more…]

Filed Under: Estate Planning, Values Based Estate Planning Tagged With: Estate Plan, Estate Planning, Twenty Questions, Values Based

July 3, 2017 By Larry Brock

Ten Common Estate Planning Mistakes

Simply stated, an Estate Plan is your plan for how your most important assets will be protected (your home, children and other assets). A good Estate Plan should answer the following:

  1. How do you protect your assets?
  2. How do you protect yourself from the unexpected?
  3. How should your assets be distributed?

Regardless of whether you [Read more…]

Filed Under: Estate Planning Tagged With: Estate Planning

June 29, 2017 By Larry Brock

Siblings’ Decisions – Should I Create an Estate Plan?

Siblings' Decisions Estate PlanningOut of all of my siblings, I only have two that are married. One is my brother, Tyler, who is an accountant and the other is my sister, Heather, who works as a nurse. They both have very different personalities and one is from my dad’s first marriage while the other is from my mom’s [Read more…]

Filed Under: Estate Planning, Values Based Estate Planning Tagged With: Estate Planning, Family, Values Based

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St George Estate Planning
E. Lawrence Brock, Attorney & Counselor

Address: 193 S 100 East, St George, UT 84770
Hours: Monday thru Friday - 9AM–4:30PM
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Phone: (435) 688-9117

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