Blog
What used to be in your wallet?
A couple of years ago, I received an email from Apple notifying me that they had renewed my “Apple Music Family Membership” and charged my credit card $89.38. My immediate thought was “I don’t remember subscribing to that service.” There was a link in the email where...
The Hazards of Self-Funded Trusts
Subtitle: Self-Funding Your Trust? Why Mess Up a Perfectly Good Estate Plan? As I mentioned in my blog of October 16th (link), one of the reasons most trusts don’t work is that they haven’t been properly funded. Funding is the process of changing ownership of your...
4 Reasons Why Most Estate Plans Just Don’t Work!
I know – that seems like an odd title for a blog post by an estate planning attorney, but it’s true! First of all, let’s start by talking about what I mean by using the word “work” in my title. When I talk about plans that “work”, I mean a plan that meets your...
My Kid’s Bankruptcy Trustee Grabbed Their Inheritance!
How much of your estate do you want to give to your kids’ bankruptcy trustee when you die? You may be saying to yourself, “Why in the world would I want to give any of my estate to my kids’ bankruptcy trustee? That’s a nonsense question!” Is it? Here’s a true...
Are you kidding me!! Aretha Franklin died without a will?
That was my reaction when I first heard that another famous person died without a will. . . A common thread with all of these celebrities is that they all had more than sufficient financial means to create wills and trusts – estate plans that would actually work!
4 Tips for Creating an Estate Plan that Works!
In a study conducted by caring.com in 2015, only 56% of American households had a will or a living trust. While most of us understand the importance of having a will in place, especially in seeing to the needs of a young family, there is still an unexplained...
What Do We Tell the Children?
You have hired an experienced and knowledgeable estate planning attorney and you have discussed, planned, and implemented a trust that you feel confident in. While it is hoped that a smart planning strategy will resolve any anticipated conflicts between you and your...
Preparing for Loss of the Family CEO: Tools for Implementing the Family Contingency Plan
I've come across a couple of tools that might be helpful to clients who are interested in implementing a Family Contingency Plan that I wanted to share: Letter of Instructions to My Family: This is a form you can use to create a long list of things that are important...
Wills vs. Trusts: A Quick & Simple Reference Guide
Confused about the differences between wills and trusts? If so, you’re not alone. Here’s a quick and simple reference guide: What Revocable Living Trusts Do – That Wills Can’t Avoid a conservatorship and guardianship. A revocable living trust allows you to authorize...
Wills, Trusts and Intestacy: A Quick Comparison of These Estate Planning Choices
Most people have heard that estate planning is important and that putting a plan in place is, as Martha Stewart would say, a “good thing.” Unfortunately, many people never get around to doing anything about it either because there isn’t an urgent need at the moment,...
Get In Touch
Law Office of Russell M. Blood, P.C.
1309 W. South Jordan Parkway, Suite 200, South Jordan, UT 84095
(801) 254-9450