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Gospel Doctrine Old Testament Lesson 9 – Abraham & Isaac

Gospel Doctrine Old Testament Lesson 9 - Abraham & IsaacThe story of Abraham & Isaac is one that probably everyone knows.

It is important because it teaches us that all of us must go through trials and challenges.

In this video, I attempt to add some insight to this story.

I hope you find it beneficial.

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Utah Estate Planning Checklist

Utah Estate Planning Checklist

Get the Essentials

Because I’m an estate lawyer, I often tell clients that estate planning is about life-ensuring quality of life for your family and loved ones, respecting the wishes of those who have passed on, and making sure that your decisions are respected.

Whether the first priority on your Utah estate planning checklist is making sure your children inherit your assets and your ex-spouse does not, protecting your parents financially in the event that you become incapacitated, or providing for a long-term partner, Utah attorney will make your priorities his.

You trust your priorities. Do you trust your plan? Use this checklist as a guide.

Utah Estate Planning Checklist Part One: What You Want for Yourself.

For an example of the type of questions you will have to ask and answer in your own Utah estate planning checklist with regard to your preference in medical treatment case of incapacity and end-of-life situations, look at “Five Wishes,” a template for advance health care directives created by the non-profit organization Aging with Dignity in 1997.

Estate Planning Checklist

“Five Wishes” has since been adopted in 41 states, including Utah. The five wishes are:

         

  • Who you want to make health care decisions for you when you can’t make them.
  •      

  • The kind of medical treatment you want or don’t want.
  •      

  • How comfortable you want to be.
  •      

  • How you want people to treat you.
  •      

  • What you want your loved ones to know.

Though “Five Wishes” was primarily intended for people who do not believe they will leave behind enough money or property to consider it an estate, the “Five Wishes” themselves are an excellent starting point for building your own “must haves” for the Living Will and Health Care Proxy portion of your estate plan.

Utah Estate Planning Checklist Part Two: What You Leave to Those You Love.

This part of the list addresses not only wills and trusts, but guardianship for minors and dependents.

The following questions are not meant to imply that you should take the following actions-after all, if you are not married, there is no need to create an A/B trust or a Q-TIP trust; if you do not have (and do not plan to have) children, you do not need to name a guardian.

         

  • Do you have a will?
  •      

  • Does your partner/ spouse have a will, and if so, do both of your wills accurately reflect your current situations?
  •      

  • In your will (or your spouse’s will), do you name a guardian for your child/ children in the event that you and your spouse have both died?
  •      

  • Is your life insurance policy the best one for you and your family? Has your financial situation or family situation changed in the years since you took out life insurance?
  •      

  • Are your life insurance benefits large enough to warrant an irrevocable life insurance trust?
  •      

  • Have you or your spouse created any trusts, and if so, what kind?

Utah Estate Planning Checklist Part Three: What You Own /Operate.

         

  • Are you the head of your own company? If so, have you created a succession plan?
  •      

  • Do you own a company with one or more partners? If so, do you have a buyout agreement?
  •      

  • Are you the head or one of the heads of a family-owned business? If so, have you set up a trust to set aside money for your successors?
  •      

  • If you have significant changes in mind for the company’s future, have you expressed these to your intended successor and put it in writing?

Whether or not you already know what your succession, buy-out, and trust plans are, write out what you want for your business’s future. Your successor(s), partner(s), investor(s), and employees will appreciate it.

Utah Estate Planning Checklist Part Four: Limiting the Estate Tax Impact.

         

  • Do you make gifts of up to $13,000 to your relatives? (This will lessen your estate taxes, both yearly and cumulative.)
  •      

  • Do you and your spouse use all applicable marital deductions when you file your taxes?
  •      

  • Do you have a trust through which you can manage any vacation properties or second homes?
  •      

  • Have you created a living trust?

Free Consultation with an Estate Lawyer

If you are here, you probably have an estate issue you need help with, call Ascent Law for your free estate law consultation (801) 676-5506.  We want to help you.

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah

84088 United States
Telephone: (801) 676-5506

    Ascent Law LLC

    4.9 stars – based on 67 reviews

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Original Article Posted at: http://www.ascentlawfirm.com/estate-planning-checklist/

Utah Mediation

Utah MediationFirѕt, as rеаdеrѕ, you need to undеrѕtаnd what mеdiаtiоn iѕ. Mеdiаtiоn is a form оf conflict rеѕоlutiоn in whiсh раrtiеѕ whо have a соnfliсt choose a nеutrаl third раrtу called a mеdiаtоr tо help thеm resolve their dispute withоut thе extra timе аnd mоnеу involved in a triаl.  When we classify a lawyer as a Mediation Lawyer, it means that they know how to help people in mediation.  We’ve also done arbitrations, mediations, and lawsuits.

Utah Mediation

WHАT IS TRANSFORMATIVE MEDIATION?

There are several diffеrеnt ѕресifiс kindѕ оf mеdiаtiоn, whiсh include problem-solving mediation, ѕеttlеmеnt-оriеntеd mеdiаtiоn, fасilitаtivе mediation, еvаluаtivе mediation, аnd transformative mеdiаtiоn. This аrtiсlе will help you to undеrѕtаnd whаt trаnѕfоrmаtivе mеdiаtiоn is аѕ wеll as undеrѕtаnd thе diffеrеnсеѕ between trаnѕfоrmаtivе mediation аnd the оthеr tуреѕ оf mеdiаtiоn listed above.

Problem-Solving Mеdiаtiоn

Aѕ the titlе dеѕсribеѕ, this tуре оf mediation dеаlѕ specifically with solving problems. It iѕ muсh mоrе fосuѕеd оn idеntifуing, dеfining, and rеѕоlving problems in a fаirlу ԛuiсk manner than trаnѕfоrmаtivе mеdiаtiоn iѕ.

Sеttlеmеnt-Oriеntеd Mеdiаtiоn

Thiѕ type оf mеdiаtiоn iѕ аlѕо mostly explained in the titlе. It focuses on rеасhing a ѕеttlеmеnt agreement in a ԛuiсk manner.

Fасilitаtivе Mеdiаtiоn

In thiѕ type оf mеdiаtiоn thе mеdiаtоr аѕkѕ ԛuеѕtiоnѕ tо the раrtiеѕ involved and tries to dеtеrminе thе underlying iѕѕuеѕ, whilе letting thе раrtiеѕ invоlvеd make all thе ѕuggеѕtiоnѕ fоr rеѕоlutiоn.

Evаluаtivе Mеdiаtiоn

In thiѕ type of mеdiаtiоn the mеdiаtоr will look for аnd роint out wеаknеѕѕеѕ in the case оf thе раrtiеѕ аnd tеll them whаt a judge оr jurу wоuld bе likеlу to dо in their саѕе.

Trаnѕfоrmаtivе Mediation

In thiѕ type of mediation twо factors аrе stressed grеаtlу, which аrе empowerment and rесоgnitiоn. Thiѕ type of mеdiаtiоn dоеѕn’t соnсеrn itѕеlf with immеdiаtе rеѕоlutiоn, but inѕtеаd works on dеfining issues, getting еасh оf thе раrtiеѕ tо ѕее the соnfliсt frоm thе others реrѕресtivе, аnd wоrkѕ on getting thе раrtiеѕ tо соmе uр with thеir own ѕоlutiоnѕ tо thе conflict. Thiѕ mау take mоrе timе in thе еnd, but the соnfliсt will end uр bеing more rеѕоlvеd with thе аmоunt оf timе and wоrk thаt iѕ рut into it. Nоw, уоu mау bе wondering whаt еmроwеrmеnt and rесоgnitiоn mеаn in the соntеxt оf trаnѕfоrmаtivе mediation. These twо fасtоrѕ аrе described in more dеtаil bеlоw.

Empowerment Mediation

Emроwеrmеnt in trаnѕfоrmаtivе mediation means thаt thе mediator will wоrk with bоth parties in the соnfliсt in оrdеr tо inсrеаѕе their ѕkillѕ ѕо that they mау rеѕоlvе соnfliсtѕ on their оwn and make thеir own ѕоlutiоnѕ to diѕрutеѕ better thаn they were able to before.

Rесоgnitiоn in Utah Mediation

Recognition in trаnѕfоrmаtivе mеdiаtiоn mеаnѕ thаt the mediator will wоrk with bоth parties tо hеlр them tо ѕее thе оthеr реrѕоn’ѕ perspective оf the соnfliсt and to bеttеr ѕее their viеwѕ.

WHАT АRЕ THЕ BENEFITS OF MEDIATION IN UTAH?

Mеdiаtiоn iѕ an alternative wау in whiсh tо resolve a conflict. During mеdiаtiоn, thе parties invоlvеd in thе diѕрutе mееt with a nеutrаl third party оr mеdiаtоr in order tо diѕсuѕѕ hоw the conflict саn be rеѕоlvеd. The mediator саn еithеr mееt with the раrtiеѕ individually оr аѕ a grоuр аnd can make helpful ѕuggеѕtiоnѕ to rеѕоlvе thе соnfliсt. Some bеnеfitѕ of mediation are:

         

  • Financially Hеlрful: Mеdiаtiоn is uѕuаllу much less еxреnѕivе thаn gоing to соurt оr uѕing ѕоmе оthеr costly fоrm оf соnfliсt rеѕоlutiоn.
  •      

  • Muсh Quiсkеr Settlements: In thе litigаtiоn рrосеѕѕ, it саn tаkе up tо a уеаr tо gеt a соurt dаtе, and еvеn lоngеr when уоu аdd in thе арреаlѕ рrосеѕѕ, mеdiаtiоn оffеrѕ a muсh ԛuiсkеr resolution tо thе соnfliсt. When the parties involved in thе соnfliсt wаnt tо move оn with thеir livеѕ, mеdiаtiоn offers a mоrе rарid wау оf gеtting the соnfliсt rеѕоlvеd.
  •      

  • Outсоmеѕ Thаt аrе Satisfactory tо Bоth Pаrtiеѕ: Thе раrtiеѕ invоlvеd in thе dispute hаvе the сhоiсе to аgrее or diѕаgrее with thе outcome аnd are uѕuаllу mоrе ѕаtiѕfiеd with it.
  •      

  • Highеr Rаtе оf Sticking tо thе Outсоmе: Pаrtiеѕ thаt аrе more invоlvеd in соming up with possible solutions and outcomes tо thе соnfliсt аrе mоrе likеlу to соmрlу with thе tеrmѕ оf thе соmрrоmiѕе or ѕоlutiоn tо thе dispute thаn раrtiеѕ thаt have their rеѕоlutiоn dеtеrminеd for thеm.
  •      

  • Cuѕtоm-Mаdе Agrееmеntѕ: Sеttlеmеntѕ thаt are mеdiаtеd have mоrе lееwау in оrdеr tо аddrеѕѕ all the iѕѕuеѕ bеtwееn thе parties, inсluding thоѕе thаt aren’t legal iѕѕuеѕ. Thuѕ, the parties gаin mоrе ѕаtiѕfасtiоn frоm thе оutсоmе because all of thеir iѕѕuеѕ are being аddrеѕѕеd.
  •      

  • Abilitу to Preserve Relationships: Because a lоt оf disputes invоlvе реорlе who hаvе аn еxiѕting relationship of ѕоmе kind, mеdiаtiоn is оftеn a bеttеr ѕоlutiоn thаn gоing tо triаl because it саn help tо рrеѕеrvе thеѕе rеlаtiоnѕhiрѕ.
  •      

  • Outсоmеѕ Hold Uр Over a Longer Period of Timе: Bесаuѕе thе раrtiеѕ invоlvеd in thе mеdiаtiоn sessions hаvе more control оvеr thе resolution to thеir соnfliсt, thеу stick to thе terms lоngеr аnd аrе more willing to wоrk оut соmрrоmiѕеѕ in the futurе.
  •      

  • Nо Winnеr/Lоѕеr: During mеdiаtiоn, there iѕ nо сlеаr winnеr оr lоѕеr. Thе соnfliсt is rеѕоlvеd tо lеt bоth of the parties invоlvеd come to a mutuаllу beneficial dесiѕiоn so that nеithеr party iѕ lеft feeling that they have lоѕt the саѕе.

Aftеr seeing all thе bеnеfitѕ of mеdiаtiоn vs. litigаtiоn, оnе mау wоndеr whу аnуоnе wоuld gо thrоugh with a lоng drаwn-оut соurt саѕе. Mediation isn’t thе answer fоr еvеrу case. It саn help with mоѕt саѕеѕ, but thеrе are ѕоmе cases in which a соurt саѕе mау bе a bеttеr аvеnuе to gо down. If уоu аrе considering mediation, it mау bе best to discuss аll thе diffеrеnt options thаt уоu have available tо you with аn аttоrnеу before mаking a final dесiѕiоn.

Free Initial Consultation with Mediation Lawyer

When you need help in mediation, call Ascent Law for your free consultation (801) 676-5506.  We want to help you.

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah

84088 United States
Telephone: (801) 676-5506

    Ascent Law LLC

    4.9 stars – based on 67 reviews

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Source of Original Article: http://www.ascentlawfirm.com/utah-mediation/

Utah Debt Lawyer

Utah Debt Lawyer

Debt is a subject that all of us should be familiar with.  In our modern world, nearly everyone will need to use a debt instrument at some point, either a credit card, car loan, or mortgage.  If anything ever goes wrong with your debt, you need a Debt Lawyer to help you.  Although most bill collectors are careful to follow the law when contacting you, some are not. If a bill collector goes too far, you can take action.

THE FAIR DEBT COLLECTION PRACTICES ACT

The federal Fair Debt Collection Practices Act, or FDCPA (15 U.S.C. § 1692 and following), prohibits debt collectors from engaging in abusive behavior.

The FDCPA covers debt collectors who work for collection agencies. It does not cover debt collectors that are employed by the original creditor (the business or person who first extended you credit or loaned you money).

If a debt collector that works for a collection agency breaks the law, you can take steps to make sure it doesn’t happen again.

WHAT DEBT COLLECTORS CAN’T DO

Debt collectors from collection agencies cannot do any of the following:

         

  • Call you repeatedly or contact you at an unreasonable time (the law presumes that before 8 a.m. or after 9 p.m. is unreasonable).
  •      

  • Place telephone calls to you without identifying themselves as bill collectors.
  •      

  • Contact you at work if your employer prohibits it.
  •      

  • Use obscene or profane language.
  •      

  • Use or threaten to use violence.
  •      

  • Claim you owe more than you do.
  •      

  • Claim to be attorneys if they’re not.
  •      

  • Claim that you’ll be imprisoned or your property will be seized.
  •      

  • Send you a paper that resembles a legal document.
  •      

  • Add unauthorized interest, fees, or charges.
  •      

  • Contact third parties, other than your attorney, a credit reporting bureau, or the original creditor, except for the limited purpose of finding information about your whereabouts. Unless you have asked collectors in writing to stop contacting you, they can also contact your spouse, your parents (if you are a minor), and your co debtors.

WHAT TO DO IF DEBT COLLECTORS BREAK THE LAW

Debt

Here’s what you can do if debt collectors engage in illegal activity:

         

  1. TELL THEM TO STOP

Under the FDCPA, you have the right to tell a collection agency employee to stop contacting you. Simply send a letter stating that you want the collection agency to cease all communications with you. All agency employees are then prohibited from contacting you, except to tell you that collection efforts have ended or that the collection agency or original creditor intends to sue you or take advantage of some other legal remedy.

Don’t hide from debt collectors. You can tell a collector to stop calling even if the collector is not breaking the law. However, many debt counselors feel that, unless you’re judgment proof (that is, broke for the foreseeable future) or truly plan to file for bankruptcy, the best overall advice is not to ignore the debt or try and hide from the debt collector. Usually, the longer you put off resolving the issue, the worse the situation and the consequences will become. Whether you negotiate directly with the collector or obtain a lawyer’s assistance, many counselors feel the best strategy almost always is to speak to the collector.

         

  1. DOCUMENT ILLEGAL BEHAVIOR

If a debt collector breaks the law, document the violation as soon as it happens. Start a log and write down what happened, when it happened, and who witnessed it. Then, try to have another person present (or on the phone) during all future communications with the collector.

         

  1. FILE A COMPLAINT

File a complaint with the FTC. File an official complaint with the Federal Trade Commission (FTC), the federal agency that oversees collection agencies. In your complaint:

         

  • Include the collection agency’s name and address, the name of the collector, the dates and times of the conversations, and the names of any witnesses, and
  •      

  • Attach copies of all offending materials you received and a copy of any tape you made.

Send the complaint to state agencies. Send a copy of your complaint to the state agency that regulates collection agencies for the state where the agency is located. To find the agency, call information in that state’s capital city or check the state’s website.

Send the complaint to the creditor and collection agency. Finally, send a copy of the FTC complaint to the original creditor and the collection agency. The original creditor may be concerned about its own liability and offer to cancel the debt.

Once your complaint is filed, don’t expect immediate results. The FTC may take steps to sanction the agency if it has other complaints on record. The state agency may move more quickly to sue the collection agency or shut it down for egregious violations. Your best hope is that the creditor will offer to cancel the debt.

         

  1. SUE THE DEBT COLLECTOR

If you’ve been subject to repeated abusive behavior and can document it, consider suing the collection agency. But if the illegal behavior was merely annoying, don’t bother. For example, if the collector called three times in one day but never again, you probably don’t have a case.

To sue the debt collector, you can represent yourself in small claims court or hire a lawyer and go to regular court. (The other side may have to pay your attorneys’ fees and court costs if you win.)

Money damages. If you win in court, you are entitled to recover:

         

  • The amount of any actual financial losses you suffered – for example, your therapy fees, if you suffered extreme anxiety as a result of the collector’s actions, or the amount you paid to switch to an unlisted number to avoid harassment, and
  •      

  • An additional amount (unrelated to actual losses) up to $1,000 for any violation of the FDCPA.

Free Consultation with a Debt Lawyer

If you need legal help with the FDCPA, bankruptcy or debt, call Ascent Law now at (801) 676-5506 for your free consultation. We will help you.

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah

84088 United States
Telephone: (801) 676-5506

    Ascent Law LLC

    4.9 stars – based on 67 reviews

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Drug defense Attorney South Jordan UT 801-676-7309

Drug defense Attorney South Jordan UT 801-676-7309

Offender Protection Help

Occasionally we make errors. It is not that we intentionally break the regulation, often it is just inevitable. In some cases we do not also understand it unless fees are pressed versus us. So just what’s a bad person to do?

Well, that person could battle it out in court. But equally as any person does not go to battle without shield, you can’t go to the court unprepared. That is just simple self-destruction. No, you require an excellent army of legal representatives behind you to help you leave your mess. You require an excellent, hardworking criminal defense attorney. You have to know your stand, as well as you need to stand your ground. You need to obtain your facts straight, as well as the location where you can have that is the web site Drug Paraphernalia Charges.

Being pushed with costs could transform your life inverted, that is why it is important to act quickly as well as get troubleshooting before it’s too late as well as people near you are also affected. What is worse is when you are being charged of a crime that you did not devote. A criminal defense lawyer has the responsibility of offering legal representation to the charged. The attorney does not have the obligation of showing innocence or assisting the guilty to be set free. He has your best interests in mind and also it is his job to safeguard you. The criminal defense lawyer concentrates on getting your instance disregarded.

A criminal defense lawyer can stop you from ever before being apprehended. A criminal defense lawyer additionally has the ability to assist you versus additional incrimination by instructing you what to state in examinations. A criminal defense lawyer is also able to speak on your behalf as well as resist the prosecution’s situation by examining witnesses in the protection’s situation as well as cross-examining the prosecution’s witnesses.

The criminal defense attorney in california handle situations such as clerical crimes, drug crimes, sex crimes and also even more. They have actually been leaders in creating all forms of alternate sentencing such as house arrest as well as diversionary programs. They have actually established connections with Juries and also Area Lawyer in L.a, Orange, Sacramento and Ventura Counties. Selecting the legal advice of a The golden state criminal defense attorney can save you from being found guilty in a criminal case. A California criminal defense attorney frequently has the reputation of being staunch legal advise through having passed the California Bar examination alone. This exam is understood to be one of the hardest across the country.

San Diego Lawbreaker Protection Lawyer excell in DUI Defense, Drug Protection and also defense of other offense and felony fees requiring the support of an expert attorney in San Diego and also Southern The Golden State. A San Diego Lawbreaker Defense Lawyer defends each situation specifically and inning accordance with the unique realities, and also the law, as it is created pertaining to the instance. Attorneys say relentlessly in behalf of their clients in the courtroom, as trial legal representatives, and winning the confidence of the jury is their specialty.

Illinois lawyers are additionally understood for their clerical criminal protection. This is their specialty.

So the following time you have actually been accuseded of a crime from out of no place, there is no should panic. After all, you’re innocent up until proven guilty. All you need to do is employ the help and solutions of attorneys in criminal protection. Criminaldefensehelp.com offers you with the needed information.

Thismessage credited to http://www.AscentLawFirm.com – Give us a call 801-676-7309 – office : 8833 S Redwood Rd, West Jordan, Utah 84088

This is for Kaysville Utah citizens who need a Divorce Attorney in Utah.  Thanks …

Remember, if you live in West Jordan, Holladay, South Jordan, Bingham Canyon, Pepperwood, Cottonwood Heights, Salt Lake City, Sandy, Midvale, Riverton, Draper, Copperton, Magna, Alpine, Lehi, Tooele, North Salt Lake, Bountiful, Woods Cross, Lindon, Centerville, Orem, Park City, Farmington, Provo, Kaysville, Layton, Syracuse, Clearfield, Hill AFB, or Grantsville we are here to assist you with your family law matter.

#TopDefenseLawyer

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah

84088 United States
Telephone: (801) 876-5875

    Utah Criminal Lawyer

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Tax Benefits of an LLC Attorney in Millcreek

Tax Benefits of an LLC Attorney in Millcreek

In most , th tx benefit of an LLC i that it a -thrugh entity for taxation ur. An LLC int taxed t th rrt lvl, which means it vid double txtin. Thi mn tht u dnt hv to file a rt business income tx return, whih llw th inm frm the buin t be taxed nl t th rnl level.

Anthr tx benefit of n LLC is tht mmbr n lim their own hr f l from th business n thir inm tx, mthing tht comes in handy in the trtu years.

What i th Bt Tx Classification fr n LLC?

Th bt tx lifitin fr n LLC dnd on your wn circumstances. There r fur options: dirgrdd ntit, rtnrhi, C Crrtin, and S Corporation. In mn , th best option is t frm n LLC nd lt t b treated as n S Corporation for taxation ur.

Hr r the bnfit of forming an LLC and hing S Cr tx classification:

  • Lgll, your business will be n LLC and enjoy th ease nd flxibilit tht an LLC brings withut the rrt headaches.
  • Youll nj pass-through inm and vid double txtin.
  • Th IRS will trt ur business a rrtin, whih means that u and thr owners n nj lri nd wg wll as dividends that rnt ubjt to SECA tx.

tax benefits of an llc

Hw Do Yu File Taxes for n LLC?

LLC fil taxes uing their wn personal tax rturn because an LLC i considered a -thrugh ntit fr tx ur. If ur a single mmbr LLC, u file tx th same w a l rritr does uing Schedule C and your 1040. If u hv mr than n mmbr, ull likely b tx a rtnrhi. Thi mn tht h wnr for their share using Schedule E and thir 1040. Additinll, th LLC has t fil a Frm 1065 with th IRS. Form 1065 is nidrd jut n infrmtinl rturn. The IRS u it t be ur tht all members r reporting thir inm correctly. Eh mmbr l gets a Shdul K-1 tht breaks down their hr of profit and l.

If the LLC elects t b trtd as a rrtin for txtin purposes, firt it h to fil Frm 8832 and lt rrt tx trtmnt. Th LLC will thn fil a tx rturn if it wr a corporation.

D LLC Fil Federal Tax Returns?

LLCs mut fil fdrl tx returns if it h t b trtd as a rrtin fr tax ur b filing Form 8832. If th LLC isnt treated a rrtin, th LLC itlf dnt file a tx rturn. Intd, h mmbr mut fil a return claiming their share of the rfit nd l.

Wht Type f Tax Rturn D an LLC Fil?

An LLC nl fil a tax rturn if it elects t be trtd a rrtin. If it h a C Crrtin election, it fil frm 1120. If it chooses S Crrtin election, it files frm 1120S. If the LLC isnt treated a rrtin, it dnt fil tx. Th tx rnibilit falls n each f th owners of th LLC nd tx are fild at the personal lvl.

What i a Disregarded Entity fr Tx Pur?

A dirgrdd entity i a buin entity tht is nt rgnizd as rt frm its wnr, rulting in the ntit nt filing a rt tx return.

D I Need an LLC fr M Rntl Property?

Yu m need n LLC for ur rental rrt if ud like t rtt ur rnl t. Mr thn anything, whether r nt u nd n LLC for a rental rrt i a rnl hi and n tht huld b md with th hl of a rfinl. An LLC i a gd hi bu it protects ur rnl t and it rtt t startup nd mintin. On th thr hand, u could iml jut gt a dwlling li added to ur insurance tht wuld do th m thing with n umbrella policy fr xtr urn.

How D I Trnfr a Prrt t n LLC?

T trnfr a rrt t n LLC, u should follow the fllwing t:

  • Cntt your lndr if theres a mrtgg invlvd.
  • Frm n LLC if you dnt have n lrd.
  • Obtain n EIN for th LLC and open a bnk unt in the LLC nm if you hvnt lrd.
  • Obtin nd fill ut a deed frm or hv n attorney drw u a dd fr u.
  • Sign th dd th guarantor t trnfr th rrt t th LLC.
  • Rrd th deed by ubmitting it to ur unt rgitrr.
  • If it a rental property, hng your l t rflt tht the LLC owns th rrt and not u personally.

Trnfrring a Property with a Mrtgg

If you hv an xiting mortgage on the rrt, th mrtgg doesnt trnfr to th LLC. Instead, th titl d nd you are till personally responsible for th mortgage. Yu shouldnt tr t trnfr a rrt with a mrtgg without checking with ur lender because some hv a du n l clause tht requires th full mrtgg mnt un trnfr.

Obtining a Dd

There r tw types f deeds: quitclaim nd wrrnt dd. In mt , when u urh a rrt, you gt a warranty deed. The wrrnt dd tt tht th rrt has a ln titl thi dd trnfr t ur LLC with the m guaranteed. A quitclaim deed t trnfr a title passes any interest you hv t th LLC. Thi dd dnt guarantee that you wn the property r tht th titl is gd.

Changing Yur L

After uv obtained nd filld out a dd frm and had the deed recorded, u should change ur l if u are renting th rrt. Chnging ur lease just mn tht you hng th wrding f th document to replace your rnl nm nd infrmtin with the infrmtin f th LLC. The tenants rnibiliti wnt hng, but instead thir mnt i made t th LLC nd blng in n LLC bnk account.

Free Consultation with a Utah LLC Lawyer

If you are here, you probably have a business law issue you need help with, call Ascent Law for your free business law consultation (801) 676-5506. We want to help you.

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah

84088 United States
Telephone: (801) 676-5506

just what is a grantor will UT Attorney

just what is a grantor will UT Attorney

A grantor trust is when someone decides to organize his/her estate. It is used when planning wills, welfare etc. This type of trust also allows the grantor to control his/hers belongings as it can be established during the grantor’s life; therefore it can be revocable. The grantor is allowed to change or cancel it.

After the owner’s death, the grantor trust becomes irrevocable. It means that the person, who has been named in the trust to be the legal successor, has full control over the trust according to the established terms. Therefore the designated beneficiary will be legally entitled to the owner’s welfare.

Not only is the grantor entitled to administrate the trust but an experienced person too. Hence the attorneys play an important role. If you consider hiring a lawyer you should know what his responsibilities are. Ask him for a living trust sample in order to know exactly what it implies.

what is a grantor trust

The living trust sample exemplifies the content of a policy for the client to know exactly what he deals with. He should know all the structure and what types of revocable living trusts are being used mostly.

You should never use a form from the internet. That is a recipe for disaster. We have litigated cases where forms were used. You need to meet with an attorney before you make a trust.

It is very important to name a specialized person who will act in the beneficiary’s interest, and who will be in charge of the assets on grantor’s behalf in case of any accidents that might happen, like incapacity due to accidents, death etc. If you don’t take this into account, after your death, the family has to ask for court’s decision in order to get the grantor’s belongings.

The grantor trust is considered to be a separate legal process and therefore it is not subject of succession. Hence the beneficiaries are entitled to have access to the welfare without any complications. The costs are lower. Even so, one of the disadvantages when establishing the trust is that during grantor’s life, the trust earnings can be taxed.

It is important to ask your legal advisors for details when you decide to establish a grantor trust. A good attorney should deliver you all the information you need, for example the state’s laws or what king of assets you can transfer, as some states (in case the property is situated in another state) have specific rules, such as, the trustee should be a resident of that specific state.

According to the Internal Revenue Code, the term “grantor” describes any trust where the person who creates the trust is treated as the owner of its property and assets for both income and estate tax purposes.

In the words of the IRS, a grantor trust is one “over which the grantor … retains the power to control or direct the trust’s income or assets.”

This distinction places grantor trusts into the category of “revocable” living trusts. Trustmakers, also called grantors, can undo this type of trust. They can amend them and make changes to them at any time as long as they remain mentally competent.

A grantor typically acts as trustee of his own revocable living trust, retaining the power to control its income and assets. A grantor can name or change the trust’s beneficiaries, and he can decide who receives trust income. He can manage stock options for the trust and control trust fund investments. Because the grantor personally reserves all these rights, any income the trust generates is taxed to him personally.

Free Consultation with a Trust and Estate Lawyer in Utah

If you are here, you probably have a trust matter you need help with, call Ascent Law for your free trust law consultation (801) 676-5506. We want to help you.

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah

84088 United States
Telephone: (801) 676-5506