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As a result of the Utah voter approved Proposition 3, the statewide sales tax rate will be raised from 4.7 to 4.85 percent.

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Estate and Succession Planning

Estate and Succession Planning

Download Our Estate Planning Checklist

Estate Planning Checklist
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CMP’s team of experienced Utah estate and succession planners are here to help you meet your estate and succession planning goals. We are experts in estate tax issues and love to help our clients proactively plan through properly structuring their estate, gifting and other wealth transfer strategies.

The estate and gift tax laws are very complicated, so it’s critical for proper estate planning in Utah to include a local CPA with an in-depth knowledge of the estate, gift, and generation-skipping transfer tax laws. Our team can also help you understand the various types of trusts and estate plan structures to ensure that your heirs receive what you intended.

We are aware that not all estate planning revolves around the tax system. We work hand-in-hand with estate planning attorneys and other advisors to ensure that you not only get the best estate plan possible but that it is properly implemented.

Business succession planning is a critical issue that all successful businesses must face at one point or another. At CMP, we are equipped with the knowledge, tools, and experience to help you position your business as favorably as possible. We can help you develop a business succession plan that will maximize the benefits of your business to all parties involved in the transition.

We view ourselves as educators, and we’ll discuss the complexities of the plans and strategies in clear and simple terms so that you can make well-informed decisions.

Cook Martin Poulson, P.C. has done an outstanding job of assisting us
with our retirement account. They have always been on top of informing and aiding with deadlines, reports, etc. in keeping us in line with federal regulations.
We are now changing investment platforms and one of the stipulations with the change was that we keep them as our TPA.

Joe Potoczny
Big-Sky Harley Davidson

Download Our Succession Scoresheet

Succession Scoresheet
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Our specialized estate and succession planning services include the following:

  • Establishment of a proper estate structure and estate plan

    We’ll work with your estate planning attorney and other advisors to ensure that you get a properly-implemented plan.

  • Lifetime wealth transfers

    We’ll help you implement a prudent and effective gifting strategy that is compliant with all applicable Utah and federal tax-transfer laws.

  • Helping with estate and trust administration

    We’ll ensure tax law compliance is met and that accurate records are kept. We also advise the administrator or trustee in making distributions to beneficiaries.

  • Family Limited Partnerships (FLPs) and Family Limited Liability Companies (FLLCs)

    We’ll help you get a structure setup to hold family business interests and implement appropriate strategies for perpetuating and protecting family assets.

  • Business Succession Planning

    We help Utah business owners determine the condition of their business, identify potential successors, and get the business in a position to successfully be sold or transferred. This includes working with your attorney to properly implement of transaction agreements, operating agreements and other necessary legal documents. Also, because of our expertise in business valuations, we are uniquely qualified to help you identify key value indicators, which are the top drivers of your business’ value.

  • Business Planning

    business-planningWe help clients optimize their key performance indicators and manage their business risks, thereby maximizing the value of the company when a business succession event does occur.

  • Charitable giving

    We help ensure that your personal and business philanthropic goals are met by establishing and managing charitable remainder trusts or private foundations.

  • Representation before the IRS

    We can effectively represent you before the IRS in the event of an audit or other IRS inquiry. We have a proven track record of getting our clients great results because of our experience, reputation, and integrity.

 

Download Your Succession Planning Scoresheet

Estate and Succession Planning Advisors:

Jared Ripplinger
Jared Ripplinger
Location: Logan
Email: jripplinger@cookmartin.com
Phone: 435-750-5566
Fax: 435-787-4321

Learn More About Jared Ripplinger

John Adams
John Adams
Location: Salt Lake City
Email: jadams@cookmartin.com
Phone: 801-467-4450
Fax: 801-364-4630

Learn More About John Adams

Troy Martin
Troy Martin
Location: Logan
Email: troy@cookmartin.com
Phone: 435-750-5566
Fax: 435-787-4321
Mobile: 435-512-3276

Learn More About Troy Martin

Richard Poulson
Richard Poulson
Location: Logan
Email: rich@cookmartin.com
Phone: 435-750-5566
Fax: 435-787-4321
 

Learn More About Richard Poulson

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