ARE YOU READY?

In 2012, at the age of 77, my mother passed away unexpectedly. We had just helped her move from St. George to South Jordan, Utah, where she could be closer to her children and grandchildren. Being that her mother had lived a relatively healthy life for nearly 102 years, we thought Mom would be around for a while…

STARTING UP RIGHT

Not long ago I attended an excellent business law seminar presented by Mr. Paul Swegle, an accomplished and experienced attorney from the Seattle area. Of all those things Paul presented and discussed in our 8-hour session, I highlight three for consideration by our business clients who want to start a company or are early in…

IN CASE YOU DON’T LIVE FOREVER

Occasionally, politicians, like lawyers, do something useful. In 2007, Utah passed the “Advanced Health Care Directive Act”. The Act offers a standardized form (often called a “Living Will”) that directs health care providers regarding a person’s life-sustaining medical care, and withholding or withdrawing such care. The form itself is sort of a hot mess and…

SELLING PRIVATE (ESOP) STOCK

If you have ever participated in an employee stock ownership plan (ESOP), you’ve acquired some equity in your employer. Participation over time allows the stock to the vest and can add up to a nice investment for you. Most investors don’t want to hold a stock perpetually, however. At some point, you will probably want…

SAVED BY DEATH

As of May 2018, Utah has joined the ranks of many states in the passing of its own “Transfer on Death (TOD) Deed” statute. UCA 75-6-4. Basically, the owner of a piece of real estate executes a deed transferring ownership of the property upon his or her death. If done properly, when the owner dies, the property…