The State of Marijuana in Utah

The State of Marijuana in Utah

In the past few years some states have chosen to legalize marijuana for recreational use. Utah is not among those marijuana friendly states. In Utah the sale and possession of marijuana is still a crime. Here, we will review some of the charges and penalties involved with marijuana use in the 45th…

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Splitting the Family Business in Divorce

Splitting the Family Business in Divorce

Many divorcing couples own a family business operated by one or both individuals. When it comes to separating assets it can be difficult to determine how to split the business. Separating interests in a family business is both a difficult and exhausting process. Luckily, state divorce law provides some general guidelines to assist in these matters.…

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A Bad Business Contract Can Come Back to Haunt You!

A Bad Business Contract Can Come Back to Haunt You!

Contracts are a necessity with business dealings, but a poorly written one can get your business in hot water quickly. If the contract is missing vital information, or if it is unclear or filled with ambiguous language, you may not even fully understand what you are agreeing to. Some lawyers will insist on including tons of hidden language, loopholes, and other clauses that are not in your best interests.…

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What Exactly is an Irrevocable Trust?

What Exactly is an Irrevocable Trust?

In the simplest terms, an irrevocable trust is a specific agreement between the individuals or entities creating the trust, the trustee (or trustees) who will manage the trust, and the beneficiaries that will benefit from the trust. The trust creator must follow certain legal requirements, sign the trust document, and then transfer any property to the trust that should be included to pass to beneficiaries. If they don’t title the properties or identify the assets in the trust’s name, the court will likely disallow those specific assets from inclusion in the trust.…

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