Wright Blog
Welcome to Wright Law Idaho’s blog, where attorney Steven J. Wright shares valuable insights and practical advice on estate planning, business formation, elder law, probate, and Medicaid planning. With a creative tone and unwavering commitment to honesty and respect, Steven dives deep into topics such as estate control, protecting your family, aging parents, divorce’s impact on estate plans, and comprehensive planning. Stay informed and prepared with Steven J. Wright’s informative blog.
Estate Planning
A Simple Step to Protect Your Family
A common thread of my columns is the need to “plan when you can.” This stems from what I consider to be the first rule of proper estate planning . . . ensure you maintain control of your estate. In this case, “estate” does not mean just your possessions or “stuff.”...
The Solution is Simple, Until It Is Too Late
I once met with a family dealing with a terrible, unexpected crisis. A family member had been seriouslyinjured in an automobile accident and faced months – possibly years – of recovery. His cognitiveabilities had been seriously affected. For at least the foreseeable...
Is Someone Close to You a Risk to Your Estate?
Exploitation of seniors is an extremely serious issue. Financial abuse costs seniors 2.6 billion annually, according to a study by MetLife, although four out of five cases are not reported. In the majority of those cases, family members and caregivers are the...
Medicaid Planning
Estate Planning Is More Than Planning for Your Death
Previously, I explained how an estate plan should address what happens to you (and your things) if you become incapacitated to the point you cannot care for yourself. Incapacity can occur over time from diseases such as dementia. Or it can happen suddenly with a...
When the Need for Long Term Care Arises in an Instant
The need for long term care can last for years. This is true even for residents of nursing homes, the most expensive level of long-term care. According to one study, most nursing home patients will be there for at least a year. In fact, almost 25% will remain patients...
Is Long Term Care Insurance the Best Answer for Me?
How do you pay for long term care needs? Seventy percent (70%) of seniors will need some form of long term care. Yet Medicare and your health insurance policy will not pay for those costs. Many assume they must pay for long term care (LTC) out of their own funds or...
Business Law
A Successful Start to Pass on the Family Farm, Ranch or Business
Last article I discussed the challenges facing families attempting to pass on the family farm, ranch or other business. Family-owned businesses play a critical role in society. Those of us who reside in rural agricultural areas know this to be especially true. ...
How Can I Pass on the Family Business to One Child and Still Be Fair?
The strengths, skills and persistence that build a successful business are also skills that help prepare that business for a successful transition to the next generation. Unfortunately, many business owners do not see the importance of using those same skills to...
How Can I Pass on the Family Business to One Child and Still Be Fair?
The strengths, skills and persistence that build a successful business are also skills that help prepare that business for a successful transition to the next generation. Unfortunately, many business owners do not see the importance of using those same skills to...
Frequently Asked Questions
Be Aware of the Scams Directed at Your Vulnerable Loved Ones
Senior Scams are a despicable but unfortunately common practice. Seniors are the victims of one-third of scams even though they represent only 12% of the population. I have previously written about the “grandparent scam,” in which scam artists will call pretending...
Why We Do What We Do
I have two purposes for making these posts and for offering free presentations about estate planning. First, I hope to educate. Estate planning and elder law can have complex strategies and concepts, but we can cut through much of the mystery if I can help people...
Do You Know if Your Aging Parent Needs Help?
It is not uncommon to receive a call from an adult child concerned about a parent’s decreasing ability to care for him or herself. Circumstances often require assistance the child does not have the ability to provide. A constant concern is the possibility of an aging...
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