Not understanding the importance of preparing an estate plan and busy lives can lead individuals to procrastinate until an unforeseen medical emergency arises, leaving them to make rash decisions. DON’T AVOID THE DISCUSSION while it may be uncomfortable, the discussion of planning and executing an Idaho Estate Plan makes your wishes known, protects your family, and your estate from unnecessary expenditures and delays. Estate Plans allow you to be in control of where your belongings go and prevent the intestate succession from being enacted. Intestate puts the courts in control of deciding where and who will get the assets you have left behind.
Estate Plans are not just for the wealthy and the elderly. Planning for the unforeseen is a smart decision that gives one peace of mind knowing their wishes will be carried out in the manner they desire and allows the family to grieve peacefully.
Planning for the future is unique to each individual’s lifestyle, family, and desires. One size does not fit all, and Dean Law takes pride in customizing our client’s Wills & Estate Plans, making sure their wishes are clear and decisive to their loved ones to decrease undue conflict.
Our goal is to help clients focuses on their needs, goals, and intentions to ensure their estate is distributed per their wishes, with over 24 years of experience and knowledge in all areas of estate planning and with the Idaho Uniform Probate Code. We can help you in successfully achieving an estate plan that fits your needs, protects your family, and gives you peace of mind that you have addressed the unforeseen.
Estate Plans provide a collection of documents designed to protect assets, personal property, and lays out a plan on how an individual wants them to be distributed along with who will safeguard and carry out these wishes in the absence of the individual.
The Tools Within An Estate Plan Include:
- A Will, Describing Whom The Individual Wants To:
- Distribute assets to
- Look over guardianship of minor children
- Assign as executor to act on behalf of the Estate Plan
- An Acting Power of Attorney:
- Steps-in to make financial decisions on an individual’s behalf when unable to do so for themselves
- Oversees that bills, investments, and business or legal decisions are being tended to when the individual cannot do so themselves.
- An Acting Medical Power of Attorney:
- A trusted individual who will carry out the individual’s medical decisions when they are unable to do it themselves
- Living Will:
- Provides documentation of the individual’s end of life wishes
- Or Possibly A Trust:
- Gives direction on how to distribute assets within the estate.
- A trust can reduce or eliminate estate taxes.
If you have question or would like to schedule a consultation with Dean Law, PLLC about creating or updating your Idaho Estate Plan, please call our Nampa Idaho office at 208.466.8700 so we can help you move forward with your plans.