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Idaho Estate Planning
Eagle, Idaho
Recent Activity
No one — not Florida investigators, court officials, the Wisconsin Department of Corrections or the FBI — ever notified the surviving relatives of Cydzik's victim in the Brookfield fatal robbery. Only this year — by chance and Facebook postings — did they finally discover whatever became of Cydzik. Now, they're looking for some belated closure in a Florida court. Continue reading
Posted yesterday at Idaho Estate Planning
People often fight over trusts for a wide variety of reasons. One of the most frequent conflicts over trusts occurs when the trustee and the beneficiaries do not see eye to eye. Continue reading
Posted 2 days ago at Idaho Estate Planning
Much of the talk about estate planning is often centered around married couples with children. This leads some single people to think that estate plans are not necessary for them. However, estate planning can be even more important for singles than married people. Continue reading
Posted 3 days ago at Idaho Estate Planning
People in their 20s often do not think that they need to worry about estate planning. They plan to live much longer, so they believe there will be time to get an estate plan later. However, you never know when tragedy can strike, so it is important that 20-somethings get estate plans. Continue reading
Posted 4 days ago at Idaho Estate Planning
Important lessons about estate planning can often reach the general public through issues over celebrities' estates. 2014 has been a busy year for such lessons. Continue reading
Posted 5 days ago at Idaho Estate Planning
Medicare will have to take into account the new recommendation and possibly allow for two pneumococcal vaccines for adults over the age of 65, but Medicare is not able to possibly take it into account until at least early 2016, according to a Medicare representative who had been present at the ACIP meeting. Continue reading
Posted Dec 12, 2014 at Idaho Estate Planning
With the holiday season in full swing, 'tis the season to review date of delivery rules for charitable gifts, which determine the date that the gift was made and affect the tax consequences of the gift. Here are the general rules for determining date of delivery for some types of property when given as a gift. Continue reading
Posted Dec 11, 2014 at Idaho Estate Planning
The IRS is throwing a lifeline to taxpayers who missed an important deadline for estate tax purposes. Continue reading
Posted Dec 10, 2014 at Idaho Estate Planning
When a current trustee is unable to serve, the vacancy is filled by a successor trustee. Continue reading
Posted Dec 9, 2014 at Idaho Estate Planning
In fact, one out of two caregivers said they wished they had taken steps sooner—although only 23% actually had made any plans for a long term care event in the family. Clearly, getting started is easier said than done. Continue reading
Posted Dec 8, 2014 at Idaho Estate Planning
Her 64-year-old husband Alfonso Diez, who is 24 years her junior, was said to be at her bedside when she passed. He is not set to receive any of her fortune, which includes an impressive property portfolio, 50,000 pieces of artwork and 18,000 rare books, after he signed a document renouncing himself from her wealth prior to their marriage in October 2011. Continue reading
Posted Dec 5, 2014 at Idaho Estate Planning
In 2007, Tomirae Hynie contested the will, claiming to be Brown’s wife and entitled to a spousal share of his estate. Under a settlement deal approved in 2009, Hynie was given one-quarter of Brown’s music empire, and the six children named in his will were given another quarter. The settlement was overturned in May 2013 by the South Carolina Supreme Court, which called the deal a “dismemberment” of Brown’s “noble” estate plan. Since the 2013 ruling, Hynie has renewed her spousal claim, and her motion for summary judgment is scheduled for Nov. 24. Continue reading
Posted Dec 4, 2014 at Idaho Estate Planning
Probate records reveal that he died without a will and left an estate valued at 'nil' in England and Wales. It is not known if he had assets held overseas or in trust or joint-ownership which would not have been included in his estate. His daughter Elizaveta Berezovskaya claimed at a two day inquest in Windsor last March that the Russian Government could have been behind his death. Continue reading
Posted Dec 3, 2014 at Idaho Estate Planning
How do you protect yourself? Be on guard and on the lookout. Don't be a victim. Here are just a few warning signs and common tactics used by trust and annuity peddlers. Continue reading
Posted Dec 2, 2014 at Idaho Estate Planning
There have been recent changes to tax laws that create the need for married couples to review their wills, especially provisions intended for tax planning purposes. Here are three major changes that create a need for a reread. Continue reading
Posted Dec 1, 2014 at Idaho Estate Planning
Every decision you make, whether personal, financial, or legal, should be designed to maximize your control over your decisions – and your assets. Don’t give up control; you will never be glad you did. Continue reading
Posted Nov 26, 2014 at Idaho Estate Planning
In unions of those who marry twice, about 65 percent include children from prior marriages, according to the National Stepfamily Resource Center. That can complicate the transfer of brokerage accounts, real estate and personal possessions. Throw in resentments over divorces and rifts between stepchildren and step-parents, and the situation is ripe for legal battles. Continue reading
Posted Nov 25, 2014 at Idaho Estate Planning
In general, the concept of testamentary freedom makes a person free to dispose of their property as they see fit when they die. However some decisions may be held to be against public policy and that freedom may be limited. Here are some of the key controversial estate planning decisions that may garner limitations and ignite an expensive legal battle. Continue reading
Posted Nov 24, 2014 at Idaho Estate Planning
Disinheriting a child can be a difficult choice for parents. However, if this is the intended choice, there are do’s and don’ts when disinheriting. Continue reading
Posted Nov 21, 2014 at Idaho Estate Planning
I have four sisters and brothers, and three have taken out loans against their share of any inheritance — significant loans, like in the $75,000 range. Dad has been tracking these loans and has provided in his will a formula for adjusting the split accordingly. However, he recently decided that these loans are to be forgiven and the estate split five equal ways. Dad hasn’t asked me for any input on this decision, so I’ve not offered any. But I’m a little upset by it. Continue reading
Posted Nov 20, 2014 at Idaho Estate Planning
It's a high-stakes multi-million-dollar sibling rivalry that reads like a Hollywood movie script and is playing out in a federal courtroom in Covington. And an end to the nearly 20-year drama may be just six months away, as a judge set a trial date for early May 2015 in the case that pits brothers against sisters, who allege they were cheated out of their family's fortune. Continue reading
Posted Nov 19, 2014 at Idaho Estate Planning
The children of late billionaire Richard Mellon Scaife are accusing their father of misspending a family trust fund–one worth $210 million–to keep his newspaper printing. The executor of their father’s state vowed to fight the children in court and called their allegations “outrageous, frivolous and contrary to the terms of the trust.” Continue reading
Posted Nov 18, 2014 at Idaho Estate Planning
My father-in-law left land to my mother-in-law, stating that it goes to the kids. A conflict has erupted. Now she wants to sell it so the kids will quit fighting. My mother-in-law is saying she wants the checks made to the kids separately. Would it be better tax-wise for her to just sell it and split the money, and if there are any federal or state taxes to be paid, just let the kids give her the money? Continue reading
Posted Nov 17, 2014 at Idaho Estate Planning
Of course, in most families, the split is an equal one, giving adult siblings no reason to quibble over the disposition of cash and other assets. Yet some parents decide to single out one or more children for a bigger, smaller or differently structured inheritance. Even if the reasoning is valid — perhaps one child has special needs, or offered the parents much more care than other siblings did — the resulting powder keg can put financial advisors in a tricky position. Continue reading
Posted Nov 14, 2014 at Idaho Estate Planning
My husband and I have decided we would want our kids to go to my brother and his family, who live in another city, a 10-hour drive away. We think my brother and his wife would raise them more how we would want them to be raised, especially when it comes to the big decisions. What can we say to my husband’s brother and his wife that won’t hurt their feelings? Do we even have to say anything? Continue reading
Posted Nov 13, 2014 at Idaho Estate Planning