Practical Experience And Legal Knowledge Guiding You
In some cases, beneficiaries will get into real estate disputes over a parent’s home. When the parent passes away, the home transfers to the next generation. But if it’s jointly owned by multiple siblings, they may not agree regarding what to do with it. For example,...
If you’re making an estate plan, you might start with the assumption that it is going to be equal. This may also be what your beneficiaries expect. For instance, say that you have four adult children. Your estate plan is going to be splitting up $1 million in...
A power of attorney (POA) is a legal document that allows you (the principal) to appoint someone else (the agent or attorney-in-fact) to make decisions or act on your behalf in various personal, financial or medical matters. This arrangement can be useful in...
Did a family member, loved one or friend recently pass away? Were you named the executor of their estate? Do you know what it takes to complete your duties as an executor? As an executor, you have a fiduciary duty to settle the estate of the deceased. Breaching the...
As well as being a financial endeavor, running your own company can be emotional. You may have built the business up from the ground. Nonetheless, there usually comes a point where business owners need to move on to their next chapter. This could be due to retirement...
Most people think of estate planning as a pile of legal documents – like their will, powers of attorney and other testamentary documents. However, estate planning can also be deeply emotional. Part of your legacy for the next generation is your values, stories and...
Pet owners make a commitment to care for the animal as long as that animal is alive. Many may not think too much about what will happen to their pets when the owner passes away. For those who want to take care of their beloved pets, including the animals in their...
Your will is the statement of your wishes on the distribution of your estate after your death. As such, proper preparation and attention to detail are necessary to avoid any disputes or challenges to its validity. For a will to be legally valid and executable, there...
You may have the perfect plans for your estate, but failing to update them as life changes could be your undoing. An outdated estate plan could expose your loved ones to unnecessary complications or lead to legal issues that can derail your final wishes. Think of a...
A personal representative is one of the crucial parties of an estate, as they will settle the estate and distribute assets to beneficiaries. So, who can serve as a personal representative in Idaho? Here are a few parties who can: The party named in the will Typically,...