By Lane V. Erickson, Attorney A trust, commonly used in a family or with individuals who have extensive assets and want to protect those, and or by individuals who simply want to avoid probate, are effective and transferring property to heirs. I often have individuals who are named as Trustees…
Articles Posted in Estate Planning
The 3 Main Duties of a Personal Representative
By Lane V. Erickson, Attorney When clients come to me concerning dealing with the estate of a loved one who has passed away there are usually many questions they have. The person usually talking to me is the one who has been named as the personal representative in their loved…
Slayer Statutes
By Matthew Stucki In the world we live in, we are constantly filled with news of crimes committed all over the world. Many of these crimes include fraud, deceit, and murder. In law school, I participated in a mock trial wherein it was alleged that an individual staged his death…
3 Most Common Questions About Estate Planning
By Lane V. Erickson, Attorney I’ve stated in my previous blogs many times that I am passionate about Idaho Estate Planning. I firmly believe that almost all individuals will benefit from creating and having a current Estate Plan. In fact, during my 18 years of practicing Estate Planning I’ve never…
3 Reasons to Not Gift Your Home to Your Child
By Lane V. Erickson, Attorney Several times over the last year I’ve had clients talk with me about their Estate Planning. In the course of our conversations I have learned that some of my clients have taken the step of gifting their home to their child, either out-rightly or through…
Will any State or Federal Taxes Have to Be Paid on My Estate When I Die?
By Lane V. Erickson, Attorney Often my clients use estate planning not only as a way of transferring property to heirs but also as a tax planning tool. In doing so my clients always want to know whether there is state will be required to pay any state or federal…
5 Things You Should Do With Your Estate Plan for 2017
By Lane V. Erickson, Attorney A new year is upon us and with the new year is an opportunity to make changes that will benefit your life for the better. One of the major things that an individual can accomplish to improve their situation is to complete their estate planning.…
8 Reasons to Update Your Estate Plan in 2017
By Lane V. Erickson, Attorney Estate planning is like our own lives. It is not a static thing. There really is no it’s completed so now I don’t have to worry about it faze when it comes to estate planning. The reason for this is because our lives are constantly…
3 Tips for Starting the New Year Off Right with Your Estate Planning
By Lane V. Erickson, Attorney New Year is upon us and with it comes an opportunity for us to change and improve our lives. I have a number of clients who tell me that part of their New Year’s resolutions is to either complete or update their Estate Planning. I…
3 Advantages of Having a Last Will and Testament
By Lane V. Erickson, Attorney It is estimated that every day in the world there are over 320,000 births, and 250,000 deaths. One of the inescapable truths about life is that eventually we will all die. Another inescapable truth is that during our lives we accumulate and collect things that…