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Category Archives: Estate Planner
Form and Substance: Estate of Paul H. Liljestrand v. Commissioner
Form and substance are equally important which, while having specific application to the failed family limited partnership discussed in the article linked below, has broader philosophical application in life. But that is the subject of another blog. Estate planners must … Continue reading
Posted in Estate Planner, Estate Planning, fiduciary, Trust
Tagged Accountant, attorney, estate planner, estate planning, Family limited partnership, FLP
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Cost Basis Research
For the accountants and attorneys out there, here is a link to a great resource for researching the cost basis of investments. I’ve done this manually many times in the past and its quite a chore, particularly where there are … Continue reading
Posted in Estate Planner, Estate Planning, Probate, Trust Administration
Tagged Cost basis
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“Inheritances are an equalizing force that mitigates the inequalities found in American household wealth.” Sounds counter intuitive, but check out this article and study: Debunking the “Sin” of Inheritance
Posted in Estate Planner, Estate Planning, Estate Tax, Executor, fiduciary, heirs, inheritance, Trust
Tagged estate planning, estate tax, heirs, inheritance, Wealth
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Joint Ownership of Property Between Generations
I can’t think of any situation where its advisable to use joint ownership where there’s not a better solution, except to keep people like me employed as an expert witness in the resulting litigation. Top 5 Reasons to Beware of … Continue reading
Why Wealth Disappears
Business owners and those who advise them should take note. Why Wealth Disappears.
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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Avoiding traps with your Last Will and Testament
An excellent article for those who have yet to write a Last Will and Testament. Do your heirs a favor and get it done right. Not doing it right keeps people like me in business. http://money.cnn.com/2011/08/10/pf/will_hidden_traps.fortune/
Posted in Estate Planner, Estate Planning, Uncategorized
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Idaho Trustee 