Estate Planning Tips
Having a plan for your estate is an important part of making sure that your loved ones are taken care of. There are several different types of estate plans. You can choose to create a trust, which is a legal document that allows you to transfer assets to your heirs without the burden of probate. A trust will also minimize the tax consequences of transferring wealth. This type of plan requires a great deal of legal knowledge, so it is best to seek the advice of a lawyer.
You should also make sure that you have a power of attorney (POA) in place. This appoints an individual to make financial decisions on your behalf if you become incapacitated. This can include making decisions on your behalf about minor children or pets. Your plan should also include instructions regarding the disposition of your assets, including your home. This can help reduce red tape and ensure that your loved ones are taken care of.
You should also consider updating your will from time to time. This can be particularly important if you have children. This will ensure that your heirs are not put in a difficult position if you become unable to handle your financial affairs. This can also prevent future conflicts.
Other estate planning tips include naming a guardian for your minor children and donating to charity. This is the best way to ensure that your children are taken care of when you are no longer around. Also, you should discuss the plan with your spouse. This can make a difficult situation much easier to deal with.
Finally, it is always a good idea to review your estate plan every few years. This will allow you to make sure that it is up to date and that it covers any changes in your life. In addition, you should also consider updating your will after a major life event. During this time, you should also think about updating beneficiary designations for all your financial assets. This is especially important if you have children who are younger than 18.
The best time to start a conversation about your plan is when you are in a good place. You might need to extend the discussion to other family members, such as your spouse or children. This is also a good time to make sure that your life insurance is up to date. This can also be a good time to discuss the value of your assets. You should also think about whether or not to donate to your favorite charity.
There are several different types of estate plans, including wills, trusts and powers of attorney. You should create a plan that works for you and your family. You can also find many resources online to help you create your plan. In addition to providing legal guidance, you can also find online tools that help you manage your finances. The process can be quite confusing at first, but a good lawyer can help.
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Disclaimer: This is not legal advice and is simply an answer to a question and that if legal advice is sought to contact a licensed attorney in the appropriate jurisdiction.
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Parklin Law
Ogden, Utah
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Ogden, Utah
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From top left to bottom right: Ogden High School, Weber State University Bell Tower, Peery’s Egyptian Theater, Downtown, Gantry Sign, aerial view
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Flag
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| Nickname:
Junction City
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| Motto:
Still Untamed
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Location in Weber County and the state of Utah
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| Coordinates: 41°13′40″N 111°57′40″WCoordinates: 41°13′40″N 111°57′40″W | |
| Country | United States |
| State | Utah |
| County | Weber |
| Settled | 1844 |
| Incorporated | February 6, 1851 (As Brownsville) |
| Named for | Peter Skene Ogden[1] |
| Government | |
| • Type | Council-Mayor |
| • Mayor | Mike Caldwell |
| Area | |
| • Total | 27.55 sq mi (71.35 km2) |
| • Land | 27.55 sq mi (71.35 km2) |
| • Water | 0.00 sq mi (0.01 km2) |
| Elevation | 4,300 ft (1,310 m) |
| Population
(2020)
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| • Total | 87,321 |
| • Density | 3,169.55/sq mi (1,223.84/km2) |
| Demonym | Ogdenite [3] |
| Time zone | UTC−7 (MST) |
| • Summer (DST) | UTC−6 (MDT) |
| ZIP Codes |
84201, 84244, 844xx
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| Area codes | 385, 801 |
| FIPS code | 49-55980[4] |
| GNIS feature ID | 1444049[5] |
| Website | http://ogdencity.com/ |
Ogden /ˈɒɡdən/ is a city in and the county seat of Weber County,[6] Utah, United States, approximately 10 miles (16 km) east of the Great Salt Lake and 40 miles (64 km) north of Salt Lake City. The population was 87,321 in 2020, according to the US Census Bureau, making it Utah’s eighth largest city.[7] The city served as a major railway hub through much of its history,[8] and still handles a great deal of freight rail traffic which makes it a convenient location for manufacturing and commerce. Ogden is also known for its many historic buildings, proximity to the Wasatch Mountains, and as the location of Weber State University.
Ogden is a principal city of the Ogden–Clearfield, Utah Metropolitan Statistical Area (MSA), which includes all of Weber, Morgan, Davis, and Box Elder counties. The 2010 Census placed the Metro population at 597,159.[9] In 2010, Forbes rated the Ogden-Clearfield MSA as the 6th best place to raise a family.[10] Ogden has had a sister city relationship to Hof in Germany since 1954. The current mayor is Mike Caldwell.
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Estate Planning Tips Are Importanthttps://t.co/0CQeSsg7ok pic.twitter.com/LBT0hUYP7w
— Parklin Law (@VA_ParklinLaw) December 5, 2022
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