Idaho Legal Estates and Probate

Moving to a New State? Be Sure to Update Your Estate Plan While legally you may not need all-new estate planning documents if you move to a different state, you should have your documents reviewed by a local attorney in your new home.

6 Facets of Estate Planning That LGBTQ+ Couples Should Know Estate planning is an important consideration for all couples. However, for LGBTQ+ couples (or former couples), it may be more important than they realize to review their circumstances and see whether they have an estate plan that accurately reflects their wishes.

What Are the Benefits of Having a Testamentary Trust? There are various benefits to creating a testamentary trust. This article discusses the benefits of adding a testamentary trust to your estate plan.

Should I Explore Qualified Longevity Annuity Contracts? A QLAC is an annuity that you purchase with funds from an IRA, 401(k), or 403(b) account and that guarantees you will receive retirement income on a set schedule.

When Should I Include a Pour Over Will in My Estate Plan? If you wish to maintain control, during your lifetime, over the assets you place in a trust, you may choose to establish a revocable, or "living" trust – most likely, along with a pour over will.

Don't Wait Until You're Sick to Create an Estate Plan While financial planning has been at the top of many Americans’ minds, a vast majority of people have stalled in creating an estate plan.

How Much Should a Trustee Be Compensated? Serving as a trustee of a trust can be a huge responsibility, so trustees are entitled to compensation for their work. The amount of compensation depends on the type of trustee and the complexity of the trust.

Where Medical Research May Fit Into Advance Planning Thinking about taking part in medical research in the years to come may strike you as a rather unexpected part of long-term health care planning, yet it can be essential.

Three Estate Planning Options for Your Art Collection Collecting art or other valuable items can be a passion for many people. Once you have accumulated a sizable collection, what do you want to happen to it after you pass away?

What to Know About Being a Health Care Proxy When you assume the role of surrogate decision-maker, it is crucial to understand the patient's wishes and values.

The Ins and Outs of Estate Sales Following the death of a family member, you may find yourself needing to sort through many possessions accumulated over the deceased’s lifetime. An estate sale is one way to distribute, quickly and efficiently, those items that you do not want or need.

Psychiatric Advance Directives: Plan Your Treatment Before a Mental Health Crisis Psychiatric Advance Directives (PADs), like advance directives for health care, let a person with a mental illness lay out in advance the mental health care they want during a crisis that may require hospitalization.

Limited Power of Attorney in Estate Planning Powers of attorney that only allow an agent to do certain things are commonly referred to as a limited power of attorney.

What Does the Term "Decedent" Mean? "Decedent" is a legal term that refers to a person who has died with unsatisfied legal obligations.

Are Wills Public Record?: Estate Planning Q&A Wills contain important information about who receives money, possessions, and property upon a person’s death. Who can view this information, and is it a public record?

Estate Planning for Your Digital Legacy Arranging what happens to your digital assets and information when you pass away has become an increasingly essential component of comprehensive estate planning.

Estate Planning: An At-a-Glance Overview Estate planning entails preparing your affairs for the future. While older adults might give more thought to estate planning, it is an essential tool at any age.

What Is a Qualified Personal Residence Trust (QPRT)? The basic idea behind a QPRT is to transfer the equity in a qualified residence out of a person's estate and to their heirs while reaping lower transfer tax consequences.

Estate Planning Basics: What Is an Executrix? When people make wills, they nominate someone to handle their estates and carry out their wishes after passing away.

Estate Planning Basics: What Is a Beneficiary to a Will? People create wills to establish what happens to their money and assets when they pass away. In these documents, they can name beneficiaries – individuals who will receive those assets upon the person's death.

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What Does Having Power of Attorney With Dual Agents Mean? A power of attorney is among one of the most important incapacity planning documents you can have. It designates someone you trust with taking care of your affairs if you become unable to do so. In a power of attorney,...

Estate Planning: 3 Things to Know About Being an Executor Choosing an executor is a big decision when it comes to estate planning. Here are three common questions about executors.

Who Can Override a Power of Attorney (POA)? Powers of attorney can be overridden. However, the "who" and "how" depends on whether the principal is of sound mind.

Appointing an Executor? Here's What an Executor Cannot Do If you are preparing a will, it is important to choose an executor you can trust, who is reliable, and who will take their role seriously. As part of your decision-making, you may also consider the things they would be prohibited from doing.

Does Power of Attorney End at Death? Although every state's laws and forms vary, most power of attorney forms specify that the agency relationship created by a power of attorney ends upon a person’s death.

Start 2023 Prepared: Reassess What Matters Most If we have learned anything these past few years, it's that life is fleeting. Amid such uncertain times, many of us have realized what - and who - truly means the most to us.

5 Smart Estate Planning Strategies for High-Net-Worth Families If you are a high-net-worth individual, it’s essential to have a comprehensive estate plan in place. However, every family’s circumstances are unique, and there is no one-size-fits-all solution for estate planning

Step-Up in Basis and Why It Matters in Estate Planning If you are considering engaging in estate planning or you may be inheriting assets, it is important to understand what the step-up in basis is and how it may affect you.

Utilizing a 1031 Exchange to Avoid Capital Gains Taxes If you are planning to leave an investment property to loved ones, a 1031 exchange may be a helpful estate planning tool for you.