UtahWills.com

https://www.utahwills.com/post/last-wills-and-testaments-more-frequently-asked-questions

Last Wills and Testaments: More Frequently Asked Questions Takeaways • A will is a legal document that outlines the distribution of one’s assets after they pass away and can appoint guardians for one’s minor children. • Dying without a will (the legal term for this is called "intestate") means Utah law dictates asset distribution, and the estate wil...

IRS Announces 2025 Gift and Estate Tax Exemptions

IRS Announces 2025 Gift and Estate Tax Exemptions The Internal Revenue Service (IRS) has released its tax inflation adjustment figures for tax year 2025.Annual Gift Tax ExclusionEffective January 1, 2025, you will be able to make individual gifts of up to $19,000 in the calendar year (an increase from $18,000 in 2024) tax-free. In other words, givi...

Don't put it off any longer

New Year's Resolution: Get That Estate Plan Done Visiting your attorney to get your estate plan done is one New Year's resolution that you should definitely keep. None of us knows whether or when we may find ourselves seriously injured or sick. But if it does happen, you may not be able to speak for yourself. That's why it is so important to prepa...

Are Wills a public record?

Are Wills Public Record? Wills contain important information about who receives money, possessions, and property upon a person’s death. Who can view this information, and is it a public record? Once your will goes through probate, it becomes a public record. The probate court must maintain the will so that the public can ...