Article 83-Estate Planning Series: Is This Missing From Your Estate Plan?

Written by Wright Law on . Posted in Estate Planning, Will

Many people think that “estate planning” means deciding what happens to your things when you die.  For that reason, many young families do not consider estate planning to be a priority.  However, it may be one of the most important things young parents can do!  A Will is the document in which parents can state who they want taking care of their young children if the parents should die.

Article 82-Estate Planning Series: The Critical Link Between Retirement Planning and Estate Planning

Written by Wright Law on . Posted in Estate Planning, Long Term Care, Will

For most of us, retirement is a goal we hope will allow us to enjoy the fruits of previous sacrifices.  While advance preparation clearly increases the likelihood that we can enjoy our golden years, there are many circumstances that dictate whether retirement is an opportunity or a burden.

Article 79-Estate Planning Series: Divorce and Your Estate Plan

Written by Wright Law on . Posted in Estate Planning, Will

Last column I addressed what would happen if your will leaves everything to your spouse, but you later divorce and never change the will.  Idaho law prohibits a person from receiving the assets of an ex-spouse just because he or she was named in a will created prior to the divorce.  However, this law does not mean you can rely on the State of Idaho to protect you from estate planning problems when there has been a divorce.

Article 75-Estate Planning Series: Will There Be a “Reading of the Will?”

Written by Wright Law on . Posted in Estate Planning, Will

Everyone has seen the movie or television show when the family gathers for the reading of the will.  It is usually a dramatic event with an unexpected twist that makes for a good movie plot.  Is there actually any requirement to have the family meet for a “reading of the will?” If not, how do people find out what is in the will?

Article 74-Estate Planning Series: Have You Had the “Talk” With Your Children?

Written by Wright Law on . Posted in Estate Planning, Will

I know most people think of something else when I refer to the “talk.”  However, in my world, the “talk” means a discussion with the children about your estate plan and your expectations of them.

When I meet with parents finishing their estate plan, they often ask me if they should share the details of their plan with their children. 

Article 72-Estate Planning Series: What is a “Life Estate”?

Written by Wright Law on . Posted in Estate Planning, Will

If a couple in a second marriage live in a home owned only by one spouse, important questions arise when the spouse owning the home passes away.  Where will the surviving spouse live?  If he/she continues to live there, will the children of the spouse owning the home still be able to ultimately receive the home?  The deceased spouse may have wanted to ensure the surviving spouse has a place to live, but have the home ultimately end up with his/her children.

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