1. Determine how your assets are divided at your death
2. Identifies a person to carry out the purposes stated in the document
3. Avoid the probate process (protect your family from creditors)
4. Limit when beneficiaries have access to your assets
5. Can limit or eliminate gift and inheritance taxes to your beneficiaries
A properly prepared estate plan can clarify how your assets are managed and distributed while helping protect your family’s interests. A wills and trusts attorney in Lehi, Utah can explain your options and help you create documents that reflect your wishes.