Wills and Trust
Give your beloved family peace of mind with effective estate planning via wills and trusts.
Godfrey Law can help you prepare the proper documents to ensure that your intent will be carried out.
Rest assured that your assets will be transferred to your children without any complications.
If you want to craft a will or a trust, we can assist you. We have over 30 years of experience in law practice in Ogden, Utah.
Minimum Requirement for Estate Planning
The loss of a loved one can be further complicated when the issue of the remaining estate arises.
At Godfrey Law, we recommend that a person should have at least a Simple Will prepared as a minimum requirement for estate planning.
The death of a person is a sad event by itself, and what makes it even more unbearable is seeing the family fighting over the estate because no estate planning was in place while the deceased was still living.
Simple Will
Imagine having minor children and leaving their care to the State upon your demise. That would not be the best situation for your precious little ones.
With a will drafted and set in place, you can appoint a designated guardian for your minor children, and even choose a person you trust to raise them before adulthood.
You can also give specific items from your property to a certain person, as long as you include it in your will.
Death can happen at any moment. It can surprise many people, especially those who are not prepared for it.
Trust
For those with more assets to give away, our estate planning experts can help you to set up a trust.
A trust can protect your assets while you are still living, and ensure that your assets are divided based on your intent once you pass away.
A Family Trust, also known as a Revocable Living Trust, is a tool that allows the owner to pass on a property after his or her death without having to go through the probate court.
Imagine having to go through the hassle of hiring a lawyer, file a petition, wait for judge’s orders, submit various documents, and finally request the court to close the estate.
With a living trust in place, you bypass this whole process. The administration of your estate is the responsibility of whoever is designated in the trust.
This gives you more flexibility in the distribution of your wealth to your beneficiaries.
We know that it is not wise to transfer huge amounts of money to teenagers who are unprepared to handle such amounts the right way. You may be familiar with the story of the Prodigal Son who spent all his inheritance and ended up having to beg for bread.
We don’t want that to happen to your children.
Under the terms of a living trust, money can be held and distributed at an appointed time. Children must reach a certain age before they can have control of their inheritance.
Give us a call or send us a message now. Let’s design and finish a family estate plan for you before it’s too late.