REGIONAL CPA FIRM HINTONBURDICK ANNOUNCES RETIREMENT OF DEAN BURDICK & FAREWELL OPEN HOUSE JUNE 30

Dean Burdick

St. George, Utah, June 2015 — HintonBurdick CPAs & Advisors, a leading regional accounting firm with offices in Utah, Nevada and Arizona, announced that Dean R. Burdick, senior partner, will retire effective June 30, 2015.  Recipient of the Utah Association of Certified Public Accountants’ 2013 “Outstanding CPA in Public Practice” award, Burdick has worked with and served clients for over 34 years.  “Dean has become well known throughout the region for his expertise in tax law,” said Phillip Peine, HintonBurdick managing partner. “He is a remarkable professional who has exemplified HintonBurdick’s core values. Dean set a great example for all of us and we wish he and his family all the best in their next phase of life.”

To celebrate Dean’s career and achievements and to express our appreciation for his exemplary contributions, we invite Dean’s clients, friends and colleagues to join us in honoring Dean on June 30, 2015, from 11:00 a.m. until 2:00 p.m., at our office in St. George, Utah, 63 S. 300 E. Suite 100.

After graduating Cum Laude from Brigham Young University in 1981, Dean began his career at the Peat Marwick, Mitchell & Company (KPMG) Billings, Montana, office, where he served as tax manager.  In 1985, Dean returned to Utah to direct HintonBurdick’s tax practice. Dean is active in the community and has served on the Board of Directors of the St. George Area Chamber of Commerce, the Southern Utah Estate Planning Council, the BYU Management Society, Dixie State University Athletic Booster Club, the Art Around the Corner Foundation, the St. George Exchange Club, and the Virgin River Land Preservation Association, as well as serving as a member of the Southern Utah University National Business Advisory Council.

Dean grew up in Montpelier, Idaho and has been married to his lovely and talented wife, Marsha, for 36 years.  The Burdicks are the proud parents of two sons, Kenneth and Steven and 3 grandchildren (plus one on the way).  After retirement, you will find Dean on the golf course, traveling, and actively involved in church service.

About HintonBurdick CPAs & Advisors
HintonBurdick currently serves clients in all 50 states and some foreign countries with accounting and audit services, litigation support, computer training and systems management, payroll services, tax planning and consulting services.  Offices are located in St. George, Cedar City, Hurricane, and Richfield, Utah, and in Mesquite, Nevada, and Flagstaff, Arizona. For more information, go to www.hintonburdick.com, or call (435) 628-3663.

Pre-Nuptial and Post-Nuptial Agreements: Is it too late to get it in writing?

Phillip G. Gubler and Thomas J. Bayles, attorneys at law

 

            You just got married— for the second time.  While everyone is congratulating you on finding love again, your children are disappointed you did not enter into a Prenuptial Agreement before your marriage.  Your new spouse’s children likely share similar concerns.  You and your new spouse are adults; you have a verbal agreement about paying bills and handling your estates.  Why are your children so concerned about your new life?  Are they overreacting? 

            Many who have experienced a parent in a second marriage attest that it’s a time of excitement.  They hope their parent will be happy and enjoy companionship yet there are many underlying concerns that can be a white elephant in the room during conversation.  Will I still inherit my mother’s rocking chair?  Or will it be mistaken by the other side of the family for their great grandmother’s?  In order to avoid further turmoil at the time of a parent’s death there are practical matters that need to be considered.  For instance, each partner will bring assets and debts to the marriage.  You may both own homes and need to decide in which home you will reside.  There will be questions about taxes, upkeep, and whether the new spouse will continue to live in the home after you pass away.  Children from a previous marriage may feel threatened that their perceived “inheritance” will go to the new spouse or the new spouse’s children.  In addition, the new spouse’s asset to debt ratio may not be favorable and you may not be in a position to pay your new spouse’s debts.  Your children’s concern may be that your assets will be depleted paying for debts that were not incurred by you.

One way to keep each party’s assets and premarital debts clearly separate is by entering into a Prenuptial Agreement before marriage.  While that may be the recommendation from the legal community and your children, a Postnuptial Agreement is another way to delineate each party’s assets to keep them separate.  Prenuptial and Postnuptial Agreements, like any contract, must be clearly written.  They are voluntarily signed by both parties, and indicate there has been reasonable disclosure of the property or financial obligations of the other party.  Litigation related to Pre- and Postnuptial agreements almost always centers on whether the terms of the agreement are clear, the agreement was signed voluntarily, and if the disclosure was reasonable.   For this reason, we recommend that each party review such agreements with their respective counsel.

            Congratulations on finding love again.  Let us help you preserve the peace in your home and newly extended family.  Whether you are planning to marry again or have already remarried, it is not too late to get it in writing. 

The attorneys at JensenBayles, LLP provide a broad spectrum of legal services.  Thomas J. Bayles has been actively providing advice in the areas of trusts, wills, probate and tax planning in the St. George market for over 15 years. Please visit our web site www.jensenbayles.com or call 435-674-9718 and ask for Thomas J. Bayles or Phillip G. Gubler