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Idaho Estate Planning
Eagle, Idaho
Recent Activity
The information family and friends will need when a loved one dies goes far beyond those much-talked-about documents, and having them can make the end of life just a little less painful for those who remain behind. Continue reading
Posted yesterday at Idaho Estate Planning
Rivers would have probably gotten a kick out of the fact that the expenses associated with her funeral are tax deductible for federal estate tax purposes – though as a smart business woman, I suspect she already knew that. Continue reading
Posted 2 days ago at Idaho Estate Planning
This legislation would exempt more than 99.7 percent of Americans from paying any estate tax while ensuring that the wealthiest Americans in our country pay their fair share. Continue reading
Posted 3 days ago at Idaho Estate Planning
Having a say in your own mental healthcare may be very important to you. But what if someday you’re unable to make decisions about your treatment? A psychiatric advance directive (PAD) is a document written while you’re mentally healthy that can speak for you if you become incapacitated by mental illness. Continue reading
Posted 4 days ago at Idaho Estate Planning
Helping out family members is to be encouraged, but can raise a number of legal issues involving taxes and eligibility for public benefits, as well as questions of fairness among family members. Here are six issues grandparents should consider before making gifts to family members. Continue reading
Posted 5 days ago at Idaho Estate Planning
The Department of Veterans Affairs (VA) has assistance programs that can help to pay for care for older veterans who served during wartime (but not necessarily actual combat). Assistance is also available to widowed spouses of wartime veterans. Continue reading
Posted Sep 12, 2014 at Idaho Estate Planning
Inheriting in trust can mean a lot of different things, but usually comes with benefits that are not available otherwise. Consider establishing an estate plan so your beneficiaries can inherit in trust. Continue reading
Posted Sep 11, 2014 at Idaho Estate Planning
If you have a revocable trust or living trust, best to check out what’s in it before you, your spouse and your children get a nasty surprise. And if you don’t have one but still want one, don’t sign anything that could have come from a vending machine. Continue reading
Posted Sep 10, 2014 at Idaho Estate Planning
A recent case from the Supreme of Mississippi held that forfeiture provisions in wills in Mississippi are enforceable unless the will contest has been founded upon probable cause and made in good faith. Continue reading
Posted Sep 9, 2014 at Idaho Estate Planning
Bacall's loss of her husband when her children were young does point to some of the issues surviving spouses face when there is a difference of age of 20 years or more. Of course, May-December marriages don't only happen in Hollywood, and the resources and circumstances can be very different. Continue reading
Posted Sep 8, 2014 at Idaho Estate Planning
If the SCF represents a good cross section of the country (it really tries), that means that overall about 0.95 percent of Americans have a trust fund from their parents. Continue reading
Posted Sep 5, 2014 at Idaho Estate Planning
The biggest mistake people make when they inherit a chunk of money is not thinking it through, said Meg Green, a certified financial planner and CEO of Meg Green and Associates in Miami. “People who don’t have means often squander the money on things they have been dying to have all these years, and then it’s gone.” Continue reading
Posted Sep 4, 2014 at Idaho Estate Planning
For millions of people over the decades, the power of attorney has been an inexpensive way to give someone the right to act on another person’s behalf. But its power is not always absolute and when it fails, the consequences can be nothing short of disastrous. Continue reading
Posted Sep 3, 2014 at Idaho Estate Planning
One of the perennial issues high-net worth families worry about is how they can pass their wealth to the next generation without spoiling their kids or destroying their drive or ambition. Continue reading
Posted Sep 2, 2014 at Idaho Estate Planning
The trial court held that the trustee of a perpetual charitable trust had breached the duty of prudence by investing the fund solely in bonds and awarded damages based on what the portfolio would have been worth had the trustee followed specific investment advice it had sought but ignored. Continue reading
Posted Aug 29, 2014 at Idaho Estate Planning
Passing along financial assets from your estate is typically straight-forward.. However, special assets that are not so cut-and-dry require careful planning and possibly call for special estate planning tools to be used. The Lake County News recently published a list of some of these special assets in an article titled... Continue reading
Posted Aug 28, 2014 at Idaho Estate Planning
The woman wore frumpy house dresses, drove a beat-up old Chevy Cavalier, lived modestly in a two-family house on Washington Avenue across from Albany High School and harbored an astonishing secret. Few realized she was the millionaire next door, possessed of an investment portfolio that included tens of thousands of shares of Exxon Mobil and other stocks and bonds. Continue reading
Posted Aug 27, 2014 at Idaho Estate Planning
JPMorgan Chase and Co. is being sued by a historical local church after the congregation reportedly lost millions. Christ Church Cathedral claims the investment banker’s mismanagement of two trust funds and self-dealing resulted in a $13 million loss from a trust donated by humanitarian Eli Lilly Jr., the Associated Press reported Wednesday. Continue reading
Posted Aug 26, 2014 at Idaho Estate Planning
If you are about to send a child off to college or to a gap-year program, you’re probably busy with last-minute shopping, packing and worrying about roommates. Here’s one more thing you should do as you prepare for the big separation: Ask this young adult to sign a durable power of attorney and a health care proxy. Continue reading
Posted Aug 25, 2014 at Idaho Estate Planning
In a recent case out of Washington State, the Court of Appeals held that the state’s anti-lapse statute applies to constructive death of beneficiary. Continue reading
Posted Aug 22, 2014 at Idaho Estate Planning
Don’t be a victim. Protect yourself by being on the lookout for estate planning scam artists. Continue reading
Posted Aug 21, 2014 at Idaho Estate Planning
Estate planning with one family is hard enough. For families with a mix of biological children and stepchildren, first spouses and second spouses, making out an equitable will can seem impossible. Continue reading
Posted Aug 20, 2014 at Idaho Estate Planning
Nelson Mandela's ex-wife Winnie Madikizela-Mandela has launched a legal challenge against the former South African leader's will insisting she is entitled to the rural estate where he is buried. Continue reading
Posted Aug 19, 2014 at Idaho Estate Planning
When the team’s owner died in March, crucial details of his wishes weren’t in a will, but in a trust agreement, which is not public information. Continue reading
Posted Aug 18, 2014 at Idaho Estate Planning
Some attorneys and judges believe that as the Baby Boom generation ages there will be an increase in the number of probate challenges to wills. A recent case in South Carolina is an extreme example of this. Continue reading
Posted Aug 15, 2014 at Idaho Estate Planning