Wills, Trusts, and Estate Planning

No matter how many assets and how much property you may own, estate planning is important because it allows you to plan for many of life’s contingencies before they occur. You are able to distribute your assets as you desire and not as state statutes would mandate. It protects your privacy and keeps your children and beneficiaries out of probate court. Estate planning also allows you to decide who can make decisions on your behalf if you become incapacitated and are unable to speak for yourself. Moreover, estate planning gives you the opportunity to establish guardians and conservators for minor and/or incapacitated children. Additionally, estate planning allows you to set up a special needs trust for disabled, handicapped and/or any other beneficiaries that will not interfere with them receiving government assistance. Included in an effective estate planning package is a revocable (living) trust, wills, healthcare and financial powers of attorney.

Personal and Business Asset Protection

After your affairs have been put in order through proper and effective estate planning, it is time to start thinking about protecting those assets. Proper and effective personal and business asset protection allows you to protect your home from creditors, while retaining the tax write-off benefits, protects your liquid assets by essentially making you judgment proof, and allows you to enjoy limited liability for your business assets while protecting your personal assets from business creditors and lawsuits.

This seminar is presented by Jim Baker, from the law firm of James R. Baker, L.C. For more information, visit www.jamesrbaker.com.

Join us for this FREE 45-minute seminar by registering today! If you need registration assistance, please call 801-476-6300. Refreshments will be served.

This seminar is provided solely for the convenience of SummitOne Credit Union members, and the material presented in this seminar does not constitute any endorsement, referral or recommendation of any type whatsoever by SummitOne Credit Union. Nor shall this seminar be construed to create a partnership, joint venture or any other relationship between SummitOne Credit Union and any other person, natural or legal. SummitOne does not represent either the third party or the member if the two enter into a transaction.