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Jason C. Hunter, Estate Planning Attorney
Salt Lake City, UT
Utah Estate, Tax, and Business Attorney Blog
Interests: Estate Planning, Tax Planning, Business Planning, Mergers and Acquisitions, Elder Law, and related legal fields.
Recent Activity
“Writing a will and planning for the handling of our estate can be unpleasant, because it forces us to deal with our mortality.” Continue reading
Posted 8 hours ago at Salt Lake City Estate Planning
“Estate planning, when properly done, could more appropriately be called lifetime planning.” Continue reading
Posted yesterday at Salt Lake City Estate Planning
“Losing a parent or grandparent can put into perspective the need for careful planning to avoid surprises, protect young children and spouses and properly execute the decedent’s wishes.” Continue reading
Posted yesterday at Salt Lake City Estate Planning
“It may actually be better to go forward with tax planning, before changes in policy are made, anyhow." Continue reading
Posted 3 days ago at Salt Lake City Estate Planning
“As if it weren't enough that people with disabilities and their families suffer the physical effects of their disability, they must also jump through hoops to first, qualify for assistance and then to pay attention to what is required to hold onto that assistance.” Continue reading
Posted Feb 14, 2017 at Salt Lake City Estate Planning
“In most will contest situations, the issue is whether or not the person who executed the will had the legal capacity to do so.” Say that after an extended illness, the older of two brothers passes away. When he died, he was divorced, although he had been married three times.... Continue reading
Posted Feb 13, 2017 at Salt Lake City Estate Planning
via How you can benefit from elder law services? ElderCounsel CEO, Valerie Peterson, J.D., was live on Fox 26 Houston on Thursday, September 15. She talked about common elder law planning misconceptions, long term care in Texas and what people can be doing now to plan for the future.... Continue reading
Reblogged Sep 20, 2016 at Salt Lake City Estate Planning
When you inherit property, such as a house or stocks, the property is usually worth more than it was when the original owner purchased it. If you were to sell the property, there could be huge capital gains taxes. Fortunately, when you inherit property, the property’s tax basis is "stepped... Continue reading
Posted Aug 22, 2013 at Salt Lake City Estate Planning
Are payable on death accounts a simple way to pass assets to heirs or are they a mistake? It sure sounds simple. With a payable on death account or paid on death account, you name a beneficiary who gets the account when you die—no probate, no hassle … How can... Continue reading
Posted Aug 21, 2013 at Salt Lake City Estate Planning
Among those with wealth primarily concentrated in their home or investment portfolio, there are two types of trusts designed to transfer wealth to heirs and save taxes by removing the assets from the estate. In effect, this reduces the amount of the decedent's taxable wealth. One is a grantor retained... Continue reading
Posted Aug 20, 2013 at Salt Lake City Estate Planning
It’s no secret that Americans are obsessed with taxes and unhappy with the IRS. Take the IRS crackdown on foreign accounts and income …. Some people vote with their feet. For most, taxes are at least part–usually a big part–of the equation. The golden years sometimes mean golden sands. Increasingly,... Continue reading
Posted Aug 19, 2013 at Salt Lake City Estate Planning
In a low interest rate environment, a grantor retained annuity trust (GRAT) can serve as a powerful estate planning tool to allow … high net worth [individuals] to transfer assets with minimal—and in some cases zero—tax liability. GRATs are still pretty great, but we might have to act soon! The... Continue reading
Posted Aug 16, 2013 at Salt Lake City Estate Planning
I never advocate going all-in on a business, but at the very least it should be something that crosses your mind before taking the road less traveled. However, if you choose to take the road less traveled and find yourself in the unfortunate circumstance that is bankruptcy, then the following... Continue reading
Posted Aug 16, 2013 at Salt Lake City Estate Planning
It is indeed possible for a charitable gift annuity, a charitable remainder unitrust, a charitable remainder annuity trust, a life estate agreement or a pooled income fund to be converted into a current gift. Timing can be everything when it comes to your charitable donations, both for you and for... Continue reading
Posted Aug 15, 2013 at Salt Lake City Estate Planning
Your legacy is putting your stamp on the future. It’s a way to make some meaning of your existence: “Yes, world of the future, I was here. Here’s my contribution, here’s why I hope my life mattered.” Sometimes it can be easy to see the trees, but miss the forest.... Continue reading
Posted Aug 14, 2013 at Salt Lake City Estate Planning
Although most people's estates aren't large enough to be affected by the federal estate tax, residents in many states have to consider how state taxes may reduce their estates. Several states have their own estate tax, which can affect much smaller estates than the federal estate tax does. In addition,... Continue reading
Posted Aug 13, 2013 at Salt Lake City Estate Planning
Just as the courts are juggling with multiple definitions of family, so too are families today finding that there’s no single "“right” answer. Rather, they must ask the right questions and come up with answers that work for now and have enough flexibility for what the future might hold. It’s... Continue reading
Posted Aug 12, 2013 at Salt Lake City Estate Planning
If you also have an IRA, you probably named a beneficiary of that account on the custodian’s beneficiary form. The IRA beneficiary form decides who gets your IRA after your death; not your Will. So, you prepared your Last Will and Testament. However, that does not mean your Will is... Continue reading
Posted Aug 9, 2013 at Salt Lake City Estate Planning
Many businesses simply cannot be sold, and others end up being sold for far less than expected, said Randy Gerber, founder of Gerber L.L.C., which helps business owners manage their personal finances. And even if a business can be sold, he said, owners often have an unrealistic notion of how... Continue reading
Posted Aug 8, 2013 at Salt Lake City Estate Planning
Inheritance disputes are as old as the Bible -- see Jacob and Esau. But now a broad, deep wave of acrimony is hitting the U.S. as 76 million baby boomers, born after 1946, inherit estates or die. According to one study by MetLife, boomers stand to inherit upwards of $8.4... Continue reading
Posted Aug 7, 2013 at Salt Lake City Estate Planning
An easement is the legal removal of a right of use. Conservation easements generally protect wildlife habitat and recreational land by eliminating development rights. They are also a valuable estate-planning tool and landowners who donate these rights get substantial income-tax breaks. Conservation easements are something of a hot topic these... Continue reading
Posted Aug 6, 2013 at Salt Lake City Estate Planning
One of the key provisions of ATRA is to make permanent the so-called portability of the applicable exclusion amount between spouses, which was enacted by Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. Terms of art can be interesting, to say the least. You know, those arcane... Continue reading
Posted Aug 5, 2013 at Salt Lake City Estate Planning
Tony Soprano may have been an expert at hiding his money from the feds, but actor James Gandolfini, the recently deceased actor who portrayed the fictional New Jersey mob boss on TV, apparently was not. Moreover, advisors say that wealthy families can take some lessons from the mistakes the award-winning... Continue reading
Posted Aug 2, 2013 at Salt Lake City Estate Planning
For those retirees who had not planned on receiving an inheritance or are happily surprised at the amount they receive, it's time to reassess your retirement goals and needs. Certainly this newfound money allows you to enhance your standard of living, but it also gives you the ability to accomplish... Continue reading
Posted Aug 1, 2013 at Salt Lake City Estate Planning
I think that conservation and façade easements are a great idea, but only if you have a sincere desire to help protect your property from being changed. The cases over the last few years show that they are probably overrated as a freebie tax deduction. Sometimes you can have your... Continue reading
Posted Jul 31, 2013 at Salt Lake City Estate Planning