Owning rental property in Utah is a great way to earn income, but there is much more involved than simply finding people to pay rent. As a landlord, there are many things the law requires of you, and in order to avoid complications with the law, you may find it beneficial to fully understand both your rights and your obligations.
Anyone can benefit from having a complete estate plan in place, but no two estate plans should be the same. What you need to include as part of your plan depends largely upon your goals, you needs and your objectives for your estate.
Perhaps the sting of the end of your marriage is still sharp. Even so, you and the other parent have children, and a child custody agreement quickly becomes a priority. You know that you need to get this issue worked out in order to provide some security and continuity for your children.
If your company does not have an employee handbook, and you have employees, you may want to consider creating one. An employee handbook serves several purposes, the least of which is to communicate to your employees what you expect of them and what they can expect of their employer.
You and many other Utah residents may think of estate planning as a way to detail who should get your property after you die. However, estate planning also has many other purposes. In fact, the information you put into your estate plan could go into effect before your death under certain circumstances.
While the thought may seem impossible, there are certain situations in which the government can come in and take your Utah property. It's called eminent domain, and it could be an eminent threat to what you believe are your rights to your property. When eminent domain is an issue, you do have grounds to challenge the efforts of the government, but you would be wise to seek help to do so.