You worked hard for what you have. The goal here is simple — keep more of it in your family’s hands, and out of reach of taxes, lawsuits, and bad luck. Protecting what you’ve built Life throws curveballs. A business dispute, a car accident, a creditor, a divorce in the family — any one of these can put your savings at risk. Asset protection means setting things up ahead of time, so a single bad event doesn’t undo years of work. There’s no one-size-fits-all tool. The right plan depends on what you own, what you do for a living, and.
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Why Plan?
Why Parsons Behle & Latimer?
Estate Planning is not about just passing your assets down to the next generation. It’s about transferring values, traditions, and security. It’s about having your assets create new opportunities and leaving the next generation better. We are committed to helping you develop and maintain your personalized estate and business plans so that your family and business values are preserved and you have peace of mind, security and predictability for your loved ones and business. That’s our promise to you.
Marianne Ludlow
Shawna Doughman
Testimonials
Estate and Business Planning Blog
Tips, strategies, and information to help you protect your family, live a rich life, and create generational wealth.
Should You Talk With Your Family about Your Estate Plan
Many of us labor a lifetime to build up our assets and fight for causes that matter to us. Few things are more fulfilling than the thought of sharing what we have worked hard for and leaving a legacy for family. Of course, it’s impossible to plan for every eventuality, but careful conversations can reduce two future risks: a) Your intentions regarding your estate weren’t made clear, resulting in the potential for costly, time-consuming conflict. b) Your family or other beneficiaries did not understand or share your wealth management vision, resulting in assets not being managed well after your death. The good.
Can a Community Property Trust Save You Taxes
When it comes to your family’s legacy, every dollar you can save from tax collection counts. One way to keep your assets out of the hands of the IRS is the formation of a community property trust. Why Establish A Community Property Trust The short answer is it can save a married couple substantial capital gains taxes on highly-appreciated property (e.g. stock, real property, business interests) sold after the first spouse dies. All the assets in a community property trust are eligible for a step-up in their tax basis on the death of the first spouse, whereas, in a typical Utah revocable trust, only.
