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 City Estate Planning 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, and Tax and Corporate Planning in the greater Salt Lake City and Ogden, Utah areas as well as St. George, Cedar City, Kanab, Park City, Provo, Orem, and Logan, in addition to clients living near his offices in Salt Lake, Davis, Utah, and Weber Counties.
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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