by Admin | Feb 6, 2012 | Uncategorized
Trusts and Wills often make reference to the Latin legal phrases “per capita” or “per stirpes” (pronounced ‘stir-peas’). These phrases describe methods for dividing property among an individual’s descendants, and describes what happens when one or more of the...
by Admin | Feb 3, 2012 | Uncategorized
A “Will” is the backbone of every estate plan. However, a Will is often insufficient to meet an individual’s entire estate planning needs. At its heart, every estate plan has as its primary purpose to ensure that a person’s assets are distributed according to that...
by Admin | Feb 2, 2012 | Estate Planning and Real Estate
A “trust” is a legal relationship created when one party (the “grantor”) transfers property to another (the “trustee”) to be held for the benefit of other persons (the “beneficiaries”). The term “trust” commonly refers to a written document such as a “Trust...
by Admin | Nov 15, 2011 | Uncategorized
Business Succession Nuts & Bolts of LLCs
by Admin | Nov 4, 2011 | Business Entities
Note: All articles on Utah’s New LLC Act are in the process of being updated to conform to the changes made before it was enacted in 2014. Please check back to see the revised articles. Drafting decisions for an LLC are definitely affected by the New LLC...
by Admin | Nov 3, 2011 | Business Entities
Note: All articles on Utah’s New LLC Act are in the process of being updated to conform to the changes made before it was enacted in 2014. Please check back to see the revised articles. Utah’s new ‘uniform’ LLC Act takes effect July 1, 2012 for Utah LLCs formed...
by Admin | Nov 3, 2011 | Business Entities
Note: All articles on Utah’s New LLC Act are in the process of being updated to conform to the changes made before it was enacted in 2014. Please check back to see the revised articles. Utah’s New ‘Uniform’ LLC Act is touted to be a complete...
by Admin | Nov 3, 2011 | Business Entities
Note: All articles on Utah’s New LLC Act are in the process of being updated to conform to the changes made before it was enacted in 2014. Please check back to see the revised articles. The traditional approach to advising clients as to ‘choice of entity’ when...
by Admin | Nov 3, 2011 | Business Entities
Note: All articles on Utah’s New LLC Act are in the process of being updated to conform to the changes made before it was enacted in 2014. Please check back to see the revised articles. In any transaction that involves an LLC on one side (or both sides) due...
by Admin | Nov 3, 2011 | Business Entities
Note: All articles on Utah’s New LLC Act are in the process of being updated to conform to the changes made before it was enacted in 2014. Please check back to see the revised articles. 1. The Existing LLC Act prohibits fiduciary duties from being reduced by the...