Wright Law Idaho Estate Planning & More offers professional advice to ensure successful legal results related to wills, trusts, business succession planning, and more.
All Wills Are Not Created Equal(ly)
It has now been several years since we lost the “Queen of Soul,” Aretha Franklin. You may recall that a very public fight occurred over her estate. Ms. Franklin left a Will created in 2010. However, her family later discovered a 2014 handwritten document stuffed in...
Your Best Intentions Will Not Be Enough
I recall a few years ago when a client passed away. His assets were not insignificant. His passing was sudden, and left serious issues affecting his family and his estate.His health had begun to deteriorate, but he thought there was still time. Nevertheless, he was...
Divorce and Your (or Your Child’s) Estate Plan
Last column I addressed what would happen if your Will leaves everything to your spouse, but you later divorce and do not change the Will. Idaho law prohibits an ex-spouse from receiving assets just because he or she was named in a Will created prior to the divorce....
I Didn’t Take My Ex-Spouse Out of The Will
Although never planned, divorce is a complication of life that affects many. What happens if your Will leaves everything to your now ex-spouse because you never changed the Will after a divorce? When you pass away, will your ex-spouse still get your...
Will this Shortcut Help or Hurt?
I occasionally meet with people who have chosen to transfer their home to someone else while they are still alive. They do this by signing the deed to their home over to a child, spouse or someone else. When the deed is signed over, that home - in many cases, the...