Idaho Estate Planning - Why Do I Need a Trust?

The estate and gift tax elements of the American Taxpayer Relief Act extended the favorable rules that were previously in place. The $5 million exemption, adjusted for inflation, was made permanent—as well as the rules on portability of the exemption for married couples (i.e. $10 million...

Idaho Estate Planning - Choose The Right Successor Trustee

“Just because someone is a family member and wants to help out, they might be over their heads in this very important role.” It’s smart to work with an estate planning attorney to set up a will or a trust. But it’s not so wise to put these documents away with your high...

Idaho Elder Law - Caring For Parents Requires Early Communication

"What we've got here is failure to communicate" Good news for older parents: your children will help support and care for you as you age. That’s according to a new study from Fidelity Investments. However, the bad news is that most families don’t agree on exactly...

Idaho Estate Planning - Making Sense of Community Property

“Community property laws are, in short, a mixed bag, sometimes a boon and sometimes a nightmare.” Many married couples living in the U.S. own assets that are deemed legally separate. This may include a business or real property purchased in one person’s name alone. The...

Idaho Estate Planning - You Can Leave a Legacy Just Like the Rockefellers

“You can empower your kids with a family trust that leaves a financial legacy.” Entrepreneurs may have a hard time deciding if they want to leave their children a large inheritance. You don’t want to create entitled, spoiled kids, but what’s so bad about giving your...
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