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American Academy of Estate Planning Attorneys

The American Academy of Estate Planning Attorneys was established in 1992. Mr. Holmgren has been an active member since 1995. Click here to visit his Academy website.

Long Life in Okinawa

Take a moment to watch this video from CNN on the amazing health and long life of Okinawans.

Seinfeld Has An Answer for Everything

In this classic Seinfeld episode, Jerry and Kramer discuss living wills. Although humorous, it makes a great point about the importance of this key document.

 

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Utah's New Domestic Asset Protection Trust (DAPT)

Effective May 2013, the DAPT statute (or DAPT law) provides a powerful way to protect assets from various creditors and especially from lawsuits.

CLICK HERE for full, printable article.

A list of 15 important things? No - just one.
Posted on Jun. 10, 2015

Unprepared

 

Whether it is you, your children, your parents, a relative or a close friend, this could be a critical question: “If you die unexpectedly, have you named a Death Beneficiary for your 401(k), IRAs, and other financial accounts?”

I frequently ask new clients that question, and the answer is often “I think so.”

Then I ask, “Do you know who the Beneficiary is?”

"I’m not sure — probably my spouse/companion (or kids, parents, or best friend).”

When we document what the answer really is, clients are often surprised to find that either no one is named or that the wrong person(s) is named.

And then more questions stem out from the first one:

"If it’s your spouse, who will get the money if he or she remarries?"

"If it’s your child, who will get the money if he or she divorces or has other legal problems?"

"If it’s your parents, will they need it as much as another person you care about?"

Not having the right Beneficiary, and not having the right protections for that Beneficiary, can be the most severe problems I see as I start helping new clients to get their financial and legal affairs in order. The adverse consequences are hard to imagine, but they are what they are.

Feel free to call me, or give my name to someone you think may want to call me, to learn whether they have this problem and whether it is a large or small problem. As always, there is no charge for a question like this.

Estate Planning
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About Randy

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I help clients prepare for their unexpected death or disability. Using legal documents such as Wills, Trusts, Power of Attorney, LLCs and more, we can ensure that your hard-earned assets go to the right people, at the right time, and in the right way–and are managed by someone who is competent, skilled and trustworthy.

I also help clients identify their non-monetary legacy (values, wisdom, principles, beliefs, life experiences, family name and a commitment to certain charitable causes) and how to effectively pass that legacy on to family and others.

Take time to consider the value of your life to others. Don't miss opportunities to leave a greater legacy than just money.

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