Idaho Estate Planning - Distribute An Inheritance or Create a Trust?

You may know you want to give an inheritance to your heirs, but do you know the right way to do it? Let's explore a couple options.Property that is given to an heir by will or through automatic means, such as a pay on death account or life insurance, is given to the heir or beneficiary outright....

Idaho Elder Law - Bogie & Bacall Provide Lesson On Estate Planning

In recent article titled "Bogie and Bacall: Iconic May-December romance", Market Watchdiscussed the estate planning issues that come up with marriages when one spouse is much older than the other.Humphrey Bogart was 25 years older than Lauren Bacall when the two got married. At the time he was...

Idaho Estate Planning - Avoiding Spoiled Heirs

If you are afraid your heirs may become spoiled by their inheritances, your fear is justified. Many people are apprehensive when deciding how to pass down their estate for this very reason.When people suddenly receive a lot of wealth, one of their first instincts is to use it to buy all of the...

Idaho Estate Planning - Avoid a Public "Walk On the Wild Side"

Lou Reed, the vanguard artist who sang “Take a walk on the wild side,” did just that when it came to his estate plan. With an estate worth more than $30 million, Reed could have spent a little less time walkin' and more time with his estate planning attorney.The recent Forbes article, titled...

Idaho Estate Planning - Asset Protection

Estate planning should entail asset protection, as well as long-term planning strategies that can realize the objectives of both estate planning and asset protection simultaneously. And to be clear, one should not hide their assets. But—if you are wise—you'll use comprehensive estate...
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