Judge Jennifer A. Brown handles probate court matters for the 4th District Court in Provo, Utah on August 28, 2015. The Court is making a renewed effort to inform court-appointed guardians and conservators of their reporting duties, and following up on cases where reports have not been filed.
The formality of judicial oversight can be good, especially in cases of hostility and suspicion. However, setting up a trust before you ever need a guardian/conservator is a often-preferred alternative. You can always end up in Court, but a Trust is convenient in that (unlike a guardianship/conservatorship) it does not need the court to get started, handle annual reporting, or shut it down.
Wm. Kelly Nash, a litigator from D|J|P’s Lehi office.
Senator Curt Bramble provides a legislative update to the Utah Estate Planning Council on April 1, 2015, shortly after the close of a historic legislative session. Of particular note to estate planners, He successfully opposed a bill intended to gut Utah’s asset protection trust statute. Senator Bramble also fielded questions, and commented on the ongoing project to relocate the state prison. The caption is fictional.
William W. Olsen presents on business valuations at the Utah Valley Estate Planning Council on September 3, 2014. The caption is fictional. The presentation focused on IRS preferences for the treatment of lack of marketability and lack of control discounts in valuations. For example, which should be applied first. These discounts have a crucial bearing on buy-sell agreements, gift tax calculations, and other business transactions.