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Author Archives: Steve Masterson
Why Wealth Disappears
Business owners and those who advise them should take note. Why Wealth Disappears.
Fighting over Mom’s Stuff
Ugh…kids at their worst. When a parent dies and the children are faced with dividing up the possessions, things can get ugly. But by taking certain steps, the survivors can avoid family warfare. How to avoid fights over Mom’s stuff
Posted in Estate Planning, Executor, heirs, inheritance, Probate
Tagged estate planning, Executor, Heir, heirs, inheritance, probate
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Advice for Executors: Get Help
Having cleaned up many messes created by people with good intentions, I highly recommend individual executors, personal representatives, and trustees obtain and follow the advice of qualified advisers. Estate Executors: An Honor…and a Pain
Posted in Executor, fiduciary, Probate, Uncategorized
Tagged Beneficiary, Estate, Executor, fiduciary, Heir, heirs, inheritance, Last Will and Testament, Personal Representative, probate, Trust, trustee
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When’s the last time you looked at your 401K or IRA beneficiary designation?
This is a minefield that many folks assume is done correctly. With volatile asset valuations and and unpredictable tax laws changing the planning landscape for many families, its worth reviewing your estate plans to make sure that ALL of your … Continue reading
Posted in Estate Planning, Investments, Uncategorized
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Avoiding Heir-raising Horror Stories
Encourage your clients to plan intentionally for their children. They do their children no favors when the kids are given responsibilities for which they are unprepared. Goodbye Family Fortune
DIY Wills
One’s written and properly executed Last Will and Testament is assumed by the law and by courts to be the written expression of the testator’s intentions regarding his or her estate. Even when its clear to the family and others … Continue reading
Posted in Estate Planner, Estate Planning, heirs, inheritance, Probate
Tagged estate planning, EstatePlanning, intestacy, Last Will and Testament, Testator, Wills
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Estate Planning and Problem Children
Here is one approach to planning for children who are struggling with and addictions, financial problems, relationship disasters, etc. Using an Inheritance to Teach Your Problem Child a Lesson
Posted in Estate Planner, Estate Planning, fiduciary, heirs, inheritance
Tagged estate planner, estate planning, heirs, inheritance
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Family Feud
Family probate fight meets country music. Enjoy this new song by the Pistol Annies (imho not catchy enough to be a hit, but the content fits this blog). I posted the link to the version that gives the lyrics. Family … Continue reading
Posted in Estate Planner, Estate Planning, heirs, inheritance, Probate
Tagged Estate, Estate administration, estate planning, Executor, heirs, inheritance, probate, Wills
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Understanding Probate
A recent article written by Kimmer Callahan describing basic Idaho probate. Helping to Understand Probate
Posted in Estate Planning, Executor, fiduciary, heirs, Idaho, Probate
Tagged Estate administration, estate planning, Executor, heirs, Idaho probate, inheritance, Last Will and Testament, probate, Wills
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Trustees and the Attorney-Client Privilege
The fiduciary exception to attorney-client privilege is fertile ground for trust litigation. I’ve seen many situations where the attorney is advising his or her client on the same matter, with the client as the Trustee and as the beneficiary of … Continue reading
Idaho Trustee 