Utah Trusts and Probate Attorney – Heideman, McKay, Heugly & Olsen, L.L.C.
Asset Protection Lawyer
Clients of the law firm Heideman, McKay, Heugly & Olsen, L.L.C., may choose to protect their business and personal assets through special needs trusts. These trusts are established to enable those who create the trusts to designate trustees who will preserve and manage assets for future generations.
To schedule an initial consultation with a Utah trusts and probate attorney, contact Heideman, McKay, Heugly & Olsen, L.L.C..
Special Needs Trusts to Protect Assets of Businesses
A special needs trust designed to protect assets of a business will provide the legal tools necessary to allow a trustee to manage funds, including paying himself or herself a salary if that is desirable.
Pros and Cons of Probate
A great benefit of trusts is the avoidance of probate upon the death of the person who established the trusts. Assets are seamlessly transferable to the recipients designated by the trust. However, the trusts and probate lawyers of Heideman, McKay, Heugly & Olsen, L.L.C., recommend that everyone put some assets through probate to ensure that the statute of limitations related to estates begins and ends. A pour over will is recommended to account for all assets not included in trusts.