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Idaho Estate Planning
Eagle, Idaho
Recent Activity
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 2 days ago at Idaho Estate Planning
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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 3 days ago at Idaho Estate Planning
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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 4 days ago at Idaho Estate Planning
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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 7 days ago 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
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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
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These days, ethical wills are nonbinding documents that are increasingly seen as important legacy-building ingredients, say experts, because they can convey a person’s deep inner values and beliefs, even helping soothe ruffled feathers when dispensing family assets. Continue reading
Posted Nov 12, 2014 at Idaho Estate Planning
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On this Veterans Day 2014 we wish to extend our heartfelt thanks to all those who have served our nation. We love our veterans. Continue reading
Posted Nov 11, 2014 at Idaho Estate Planning
As many estate planners anticipated, the Internal Revenue Service has raised the limit on tax-free transfers during life or at death. Starting in 2015 that amount, known as the basic exclusion, will go up to $5.43 million per person, from $5.34 million this year. Continue reading
Posted Nov 10, 2014 at Idaho Estate Planning
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Gresham advocates laying the groundwork for the estate-planning talk with a few separately held, lead-up discussions on family values and history. After all, she said, “You want to build a sense of bonding and family before you introduce material that could be emotionally loaded.” Continue reading
Posted Nov 7, 2014 at Idaho Estate Planning
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Over the years, we've seen estate plans fail to do what they were intended to do. For your estate plan to remain a valuable asset for you and your heirs, you would be wise to avoid these eight common mistakes. Continue reading
Posted Nov 6, 2014 at Idaho Estate Planning
A 2012 study of 3,200 wealthy families by U.S. Trust showed that 70 percent failed to successfully transfer the family's assets to the succeeding generation. The study found three reasons for this failure: lack of communication among family members; absence of a generally acknowledged purpose for family possessions; and lack of preparation on the part of heirs. Continue reading
Posted Nov 5, 2014 at Idaho Estate Planning
Waiting to create an estate plan could result in significant out-of-pocket costs at the end of life. Or even worse, it could result in a person with Alzheimer’s disease being subject to the will of the courts. With the number of individuals suffering from Alzheimer’s skyrocketing, there is no time to wait to get your affairs in order. Continue reading
Posted Nov 4, 2014 at Idaho Estate Planning
The remains of Jim Thorpe can remain in Jim Thorpe, Pa. That was the ruling handed down on Thursday by a federal appeals court in Philadelphia in an unusual case involving a dispute between the family of the legendary Native American athlete and a small Pennsylvania town named after him. Continue reading
Posted Nov 3, 2014 at Idaho Estate Planning
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A VA planning attorney takes a comprehensive approach, ensuring the client is protected, not just their money. Continue reading
Posted Oct 31, 2014 at Idaho Estate Planning
With a little research, a family should be able to find a suitable home for their estate and leave a lasting legacy — whether they are rich, Bill-Gates-rich, or not wealthy at all. Continue reading
Posted Oct 30, 2014 at Idaho Estate Planning
According to the new survey, the most common types of financial loss reported: funds disappearing from accounts (reported by 33%); unauthorized purchase of products or services (reported by 23%). Continue reading
Posted Oct 29, 2014 at Idaho Estate Planning
Estate Planning, Wills, Trusts, Guardianship, Probate, Trusts and Estates, Asset Protection, Probate Court, Inheritance, Estate Planning Lawyer, Power of Attorney, Tax Planning, Will Changes, Probate Attorney Continue reading
Posted Oct 28, 2014 at Idaho Estate Planning
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There is no one right way to be a caregiver; everyone’s situation is different. You will find that, among a host of things, family dynamics, financial resources and the ability of your parent(s) to provide guidance for the support that they desire will shape your situation. Continue reading
Posted Oct 27, 2014 at Idaho Estate Planning
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For many of America’s elderly that find themselves struggling to meet growing health costs a solution comes in the form of an underutilized VA benefit. For veterans who served during a time of war or for their surviving spouses, the Veterans Aid & Attendance Pension will pay additional income to cover long term care costs. Continue reading
Posted Oct 24, 2014 at Idaho Estate Planning
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An insular Hemel Hempstead man who died with an estate worth £750,000 has had his legacy split among 39 relatives who never even knew he existed. Continue reading
Posted Oct 23, 2014 at Idaho Estate Planning