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Idaho Estate Planning
Eagle, Idaho
Recent Activity
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 3 hours ago 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 yesterday 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 2 days ago 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 3 days ago 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 4 days ago 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 7 days ago 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
If you own a family business, take a lesson from this potential crisis brewing now in Taiwan. Continue reading
Posted Aug 14, 2014 at Idaho Estate Planning
In 2009 Geraldine Webber made a will to divide her estate. This will left one-fourth of her estate to each of Portsmouth, New Hampshire's fire and police departments. In addition, a couple of charities were each designated to receive $500,000. Webber's disabled grandson also was named a beneficiary. In 2010,... Continue reading
Posted Aug 13, 2014 at Idaho Estate Planning
Discussing your estate plans with your adult children may be the single best defense against leaving a legacy of family strife and division. Continue reading
Posted Aug 12, 2014 at Idaho Estate Planning
The financial incentive is there: Caregivers estimate they could have saved nearly $11,000 on average if they had made long term care arrangements earlier. Continue reading
Posted Aug 11, 2014 at Idaho Estate Planning
Maybe we shouldn’t be surprised. After all, Lou Reed was the man who famously crooned, “Hey babe, take a walk on the wild side.” The late lead singer and guitarist of The Velvet Underground — and of course, a musician and songwriter with a successful, decades-long solo career — may have been a bit wild at times. But that doesn’t explain why he would be so careless with his estate plan. Continue reading
Posted Aug 8, 2014 at Idaho Estate Planning
It's not every day that financial advisers and accountants are called in to referee billion-dollar disputes over the ownership of a basketball team, but nevertheless there are plenty of valuable takeaways from the Sterlings' duel in probate court. Continue reading
Posted Aug 7, 2014 at Idaho Estate Planning
Asset protection does involve an estate planning process that uses a variety of different types of vehicles to accomplish protection. Estate planning involves far more than just asset protection, yet often estate planning strategies can accomplish both estate and asset protection goals at the same time. Continue reading
Posted Aug 6, 2014 at Idaho Estate Planning
“This decision points to a significant chunk of American wealth that is now, quite clearly, no longer as ‘bulletproof’ from creditors as most thought,” Eleanor Blayney, the Board of Certified Financial Planners’ consumer advocate, wrote in a recent blog posting. Continue reading
Posted Aug 5, 2014 at Idaho Estate Planning
I’m always saddened by the stories of people who have been swindled. But there’s something even more despicable when scammers go after senior citizens, who don’t have as much time as younger victims to make up for lost money. Continue reading
Posted Aug 4, 2014 at Idaho Estate Planning
"Just because you have an extremely restrictive prenup doesn't mean you can't leave money to your wife," Mr. Bishop says. "The prenup protected the client's assets from being taken against his will, but he was still free to give them at his discretion." Continue reading
Posted Aug 1, 2014 at Idaho Estate Planning
While the contemplation of your eventual demise is never at the top of anyone's list, there is satisfaction from the feeling that you have taken care of issues and provided for those you love. But unwitting mistakes can wreck your careful planning and even lead to family fighting and estrangement of the very people you hope to benefit. Continue reading
Posted Jul 31, 2014 at Idaho Estate Planning
Taking the time to sit down with your spouse and update your estate plans will ensure that, should the worst happen, your new family is prepared to handle the unexpected. Continue reading
Posted Jul 30, 2014 at Idaho Estate Planning
Many older people moving into a nursing home or retirement community are experiencing cognitive decline. In legal terms, they no longer have the capacity to make financial or medical decisions for themselves. So a trusted person—usually an adult child—will sign the entrance contract on their behalf as power of attorney. Continue reading
Posted Jul 29, 2014 at Idaho Estate Planning
Identifying a successor is the first step in the planning process. Many owners of family businesses turn to an adult child, a grandchild or other relative to take over the reins. Continue reading
Posted Jul 28, 2014 at Idaho Estate Planning