Randall J Holmgren’s Answers

Randall J Holmgren

Salt Lake City Trusts Attorney.

Contributor Level 9
  1. Is naming estate of myself the prper wording for my life ins. policy?

    Answered almost 2 years ago.

    1. Randall J Holmgren
    2. Joseph Franklin Pippen Jr.
    3. James P. Frederick
    3 lawyer answers

    Yes. It may not get you the results you desire, but you can do it.

    4 lawyers agreed with this answer

  2. Can the executor of an estate sell the property without consent of the other heirs?

    Answered 23 days ago.

    1. Randall J Holmgren
    2. Kenneth Love Jr.
    3. Zachary David Jackson
    4. Patrick D. Newton
    5. Scott D Rosenberg
    5 lawyer answers

    There are too many legal issues flying around n these facts to enable an intelligent response. Much of a good answer depends on the laws of the State where administration of the estate occurs. Was there a Will: When you speak of heirs, that implies there was no Will. You and your brother may have been "named" as executors of the estate, but were you court appointed. You will likely not be able to sell real property until the Will is probated or the heirs are court determined. Spend a few...

    5 lawyers agreed with this answer

  3. Will a notarized paper with my wishes on it be as legal as a will. Before something happens to my husband and I.

    Answered about 2 years ago.

    1. Randall J Holmgren
    2. James P. Frederick
    3. Paul A. Smolinski
    4 lawyer answers

    The notary simply serves as evidence that you signed the document and that no one forged your name. That's all. Each state has requirements for whether the document or paper you signed is a valid will or not. In Utah, a handwritten will needs no notary or witnesses, but it has to be 100% in your handwriting; nothing typed or printed. On the other hand, a typed or printed will has to be witnessed by two persons of legal age who are not named in the will. For example, a couple of neighbors....

    3 lawyers agreed with this answer

  4. How to pass along appreciated stock out of Estate.

    Answered almost 2 years ago.

    1. James Preston Alder
    2. Randall J Holmgren
    3. Steven J. Fromm
    4. Charles Patrick Kincannon
    4 lawyer answers

    FIRST, have you used the indexed $10M exemption which is now $5.12M? If not, there's an additional $240,000 you and your wife can gift in 2012. SECOND, you can continue to make annual gift-tax exclusion gifts of $13,000 per donor per donee. If you have numerous children/grandchildren, that could help the situation you've described. You say it is a BIG family. Let's say you have 30 potential donees (perhaps siblings, children and their spouses), you could gift $780,000 per year using the...

    2 lawyers agreed with this answer

  5. I just found out that I will be receiving $1,900 a month until 2016 in an inheritance from my Father's estate.

    Answered 17 days ago.

    1. Shelley Ann Elder
    2. Sterling S Olander
    3. Randall J Holmgren
    4. William Anthony Massarweh
    4 lawyer answers

    The $1900 per month income will affect any "need based" financial assistance you are receiving. Consult with the estate's Executor or the estate's Legal Counsel and see if (A) the Executor has the discretion to distribute now or later, (B) the Executor has the power to treat the $1,900 as a Special Needs distribution, or (C) whether your father's estate can be modified to convert your inheritance into "Special Needs" distributions. For example, every trust that I create for a client gives the...

    1 lawyer agreed with this answer

    1 person marked this answer as helpful

  6. What are the necessary steps to go through probate to sell a house without an attorney?

    Answered almost 4 years ago.

    1. Randall J Holmgren
    2. Jason C Hunter
    3. Steven J. Fromm
    3 lawyer answers

    I think that the Probate Court in Salt Lake City has a packet of information for do-it-yourself lawyers. If not, check the website for Utah Courts and maybe you'll find what you need there. I see people in Probate Court, now and then, acting as do-it-yourself lawyers trying to handle probate cases without a lawyer. It is not an impossible task, but I've seen people having to come back to court multiple times because they continued to make mistakes and not comply with legal requirements for...

    1 lawyer agreed with this answer

    1 person marked this answer as helpful

  7. I have used the name sherry for 50 years, birth records says cheryl, do I have to change it legally?

    Answered about 4 years ago.

    1. Randall J Holmgren
    1 lawyer answer

    It might cause problems. That is a question that is hard to predict. If you want to minimize the risk of problems, or the severity of problems, then have your name changed legally.

    1 lawyer agreed with this answer

    1 person marked this answer as helpful

  8. Power of Attorney- Transferring title to real property in the event of incapacity.

    Answered 2 months ago.

    1. Gregory Andrew Broiles
    2. Ivette M Santaella
    3. Charles P. Ward
    4. Joseph Franklin Pippen Jr.
    5. Randall J Holmgren
    5 lawyer answers

    If the County Recorder will not record the copy of the POA, then the only recourse is for the Agent to petition the appropriate court where the principal lives and seek to be appointed as the Principal's legal guardian and/or conservator -- for the reasons you've noted in your question.

    3 lawyers agreed with this answer

  9. How can I reduce the value of the assets in an LLC that I control?

    Answered almost 2 years ago.

    1. Steven J. Fromm
    2. James P. Frederick
    3. Randall J Holmgren
    4. Wallace Ray Nichols Jr.
    4 lawyer answers

    Get a valuation discounted appraisal.

    3 lawyers agreed with this answer

  10. How do I remove myself as co-trustee from a trust and remove myself as Power of Attorney

    Answered over 3 years ago.

    1. Jason C Hunter
    2. Randall J Holmgren
    3. Andrew Svitek
    3 lawyer answers

    The power of attorney is terminated at the time your father died. As Trustee, you can resign by writing a letter and delivering it to the other co-trustee and all of the trust beneficiaries. At the same time, you should ask them to sign something acknowledging your resignation and acknowledging that you have done a good job as co-trustee and that they WAIVE all claims against you for the services you have rendered to the trust. An attorney could prepare ironclad documents for this purpose,...

    1 lawyer agreed with this answer