For example, you will be asked to list real and personal property and all of your bank and other accounts, and to note whether you own them individually or jointly with your spouse or another person. If you omit important property or accounts from your estate plan, it is unlikely to fully achieve your goals.Īs your estate planning attorneys, we will provide you with a checklist that will help you think through what you own so that none of your property is inadvertently left out of your plan. Likewise, in creating your estate plan, one of the first steps in making sure your goals are achieved is to consider what you own. If you buy the burgers and hot dogs but forget the buns, the menu will lack an essential component and the party may be ruined. When you plan a barbecue, one of the first steps is to decide what foods to include on the menu. Just as preparations are necessary for a successful cookout, a little planning goes a long way to prevent a poorly designed estate plan (or no estate plan at all!) from leaving you and your loved ones in a pickle. Although a cookout may be an informal affair, planning is crucial to its success. Estate Planning QuestionnaireĬlick Here to access our questionnaire that you can print off and fill out before coming in.For many, Memorial Day weekend signals the beginning of summer and enjoying warm-weather activities, including backyard barbecues with friends and family. You can also email us directly at We will answer your Idaho Estate Planning questions. Get the Help You NeedĬall us toll free at 877.232.6101 or 208.232.6101 for a consultation with our team of attorneys in Idaho. We create customized Estate Plans across Idaho. Put our Estate Planning Group of attorneys to work to complete your succession planning for your farm or ranch operation. Our Estate Planning Group of attorneys bring specific skills to assist in a team approach with your Estate Planning needs. Besides helping you with a personal Estate Plan, we can also help you devise a succession plan for your farming or ranching operation. We have the expertise to help you answer these and other questions and to help you create your Estate Plan. Can I continue doing what I love and still pass ownership and responsibility for the farm or ranch to the next generation?.How do I figure a fair share for my children or loved ones when deciding on an inheritance plan?.How do we communicate our estate plan if we are concerned how some of our children will respond?. My non-farming heir doesn’t understand why the family farm is being left to his or her siblings who farm.Questions and concerned we’ve often heard from our farmer and rancher clients include: How to you pass on your farming or ranching operation to your family or loved ones in a way that you want.Įstate planning for family members involved in a farming or ranching operation could lead to some problems. As you age, what do you do with your farming or ranching operation. Your operation accumulated assets and value and possible even some debt. Maybe some or all of your family stayed with you and helped you along the way. You’ve spent a lifetime working and building your farming or ranching operation. Idaho Attorneys Helping With Farm / Ranch Owners
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