Estate planning in Idaho Falls
is critical to make certain that your loved ones are taken care of and that you
maximize the benefit from your assets. Establishing an estate plan should be
done with greater effort with due consideration given to the law. A specialized
Idaho Falls estate planning attorney from Thomsen Holman
Wheiler PLLC can support you in developing and maintaining a
comprehensive estate plan that addresses your situation.
What can be included in an estate plan?
The law presents for a variety of different estate planning tools and concluding which tools and procedures to use depends upon a variety of factors. Estate planning in Idaho Falls should acknowledge your wishes and how the law is connected. Some estate planning tools that you may prefer to examine include:
- Last will and testament
- Codicils (modifications) to existing wills
- Financial powers of attorney
- Trusts (inter vivos, testamentary, etc.)
- Business succession plans
- Living wills and durable healthcare powers of attorney
- Gifts
- Tax planning
Each of these include different parts that can be explored to address a variety of different complexities. An Idaho Falls estate planning attorney can go over with you the different paths that are available.
Why should you consult with an attorney about your estate plan?
When examining different estate plan options, discussing it with an attorney will help you understand the different risks and benefits with each option. An attorney can guide you in researching what type of estate plan is best for you and your family and they will provide legal advice about what to do.
When you have decided the details of your estate plan, it is vital to ensure that it complies with the law and that all procedures are followed. Estate planning should be done with attention to detail, so as to assure obstacles do not arise in the future. An attorney will help confirm that your plan complies with the law and that there are no loose ends that could cause complications.
For advice with your estate plan and advice about how to achieve your goals, reach out to Thomsen Holman Wheiler PLLC. Their partners strive to help each client entirely understand their options so they can make informed decisions. Reach out to schedule a consultation appointment with a specialized estate planning attorney.
