Utah Asset Protection Planning
Exempting Assets in Utah
State and federal laws exempt some of your assets from the claims of creditors. Click here to download a listing of Utah’s exempt assets. Note that while some states allow you to choose either the state or federal exemptions, in Utah, you must use the state exemptions and federal bankruptcy exemptions are not available.
One important note for Utah residents is that a Homestead Declaration should be filed in order to fully protect the homestead exemption (see the code online here).
Once you have identified the protected asset classes available to you under applicable law, it may be prudent to maximize your protection by converting non-exempt assets into exempt assets.
Salt Lake, Davis, and Weber County Estate Planning, Tax, Business and Real Estate Attorney Jason Hunter assists clients with Estate Planning, Wills, Trusts, Revocable Living Trusts, Charitable Planning, Utah Probate and Estate Administration, Asset Protection, Business Succession Planning, Elder Law and Long-Term Care Planning, Special Needs, Tax and Corporate Planning, and Real Estate in the greater Salt Lake County, Davis County, and Weber County areas, including Salt Lake City, Centerville, Bountiful, Farmington, Fruit Heights, Kaysville, Layton, Syracuse, Clearfield, West Point, West Haven, Roy, Hooper, Ogden, Pleasant View, Farr West, and Brigham City, with additional reach to serve clients in St. George, Cedar City, Kanab, Park City, Provo, Orem, and Logan.
Copyright © Jason C. Hunter. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement. Some artwork provided under license agreement.
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