By Lane V. Erickson, Attorney The law doesn’t do this for you automatically. Rather, the presumption under many different laws is that you want your assets and property to be distributed to you immediate family members such as your spouse and children. However, the law does allow you to disinherit…
By Lane V. Erickson, Attorney I’ve been involved in a Estate Planning as an attorney now for over 17 years. Rarely does a week go by when I don’t have a client asked me about the estate tax. Most clients just want to know whether the estate tax is going…
By Lane V. Erickson, Attorney Every generation is different in how they communicate. This is the reason for the name “the silent generation”. It seems that Baby Boomers, and Generation X members, as well as later generations, are much more open and willing to discuss matters than older generations are.…
By Lane V. Erickson, Attorney Estate Planning offers many options for individuals and families with simple or with complex estates. Anyone who has looked into creating a living trust has probably heard the term “Pour-Over Will” but few really understand what they are or how they work. After all, if…
By Lane V. Erickson Many of my clients are parents of children who are minors. These parents often ask me how they can transfer property to their children if they are minors at a time when the parents die. These parents raise several serious concerns about who will take care…
By Lane V. Erickson, Attorney Idaho Estate Planning is not a static business. What I mean by this is there are always changes occurring. Because life is full of changes it is important for every person who has an Idaho Estate Plan to review it from time to time to…
By Lane V. Erickson, Attorney Most people don’t know that an Idaho LLC is a wonderful way to help with estate planning whenever a family business exists. LLC is the abbreviation used when talking about a limited liability company. A limited liability company is a hybrid between a Family Partnership…
By Lane V. Erickson, Attorney During my 17 years as an Idaho Estate Planning attorney, I have helped numerous people create their Idaho Estate Plan or have answered their Idaho Estate Planning questions. While an Idaho Estate Plan created for one person may not be right for another, there appear…
By Lane V. Erickson Probate in Idaho is controlled by its statutes and is fairly straightforward. However, there are several different varieties of probates that exist according to Idaho statutes. The type of Idaho Probate that a person will need as a surviving spouse really depends on their circumstances and…
By Matthew P. Stucki Confusion can arise in cases where an individual that has a Last Will and Testament makes a gift to a named beneficiary and is silent as to the intent of the gift. This confusion stems from the question as to whether the gift to the beneficiary…