Idaho Estate Planning - Simple Will Creates Complex Problems for Family Business

Most business owners want to keep things "simple." Nothing fancy, just "plain and simple."  The business owners try and fit their often-complex life and growing business into a simple word-processed Will. Once it's done, they assume that everything will work out "just fine." They work under the...

Idaho Asset Protection - New Rules Could Affect Family Partnerships

The IRS has long been upset that courts have allowed wealthy families to put their assets in family partnerships or limited liability companies and receive tax discounts on assets that have an easy to determine value. New regulations are expected soon that could put an end to the IRS's...

Idaho Estate Planning - Drama Free Family Business Succession

Sibling rivalries aren't just for school-aged children. Estates can stir up fights among family members if handled the wrong way.In recent news, four sisters allege that their three brothers improperly cut them out of their proper inheritance.John Griffin founded his family business, Griffin...

Idaho Estate Planning - Special Plans & Trusts for Special Assets

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...

Idaho Estate Planning - Avoid Business Succession Planning Made in Taiwan

In Taiwan it is normal for even extremely large multinational businesses to follow the traditional Chinese model: one person founds the business and continues to run the day to day operations. When the founder passes away, the business is divided between the founder's surviving family members....
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