One of the most common misunderstandings about Revocable Living Trusts is that simply signing the Trust document is enough. It is not. In order for your Trust to work properly, your assets actually need to be transferred into the Trust, especially your real estate. If your home or other real property is not titled in the name of your Trust when you pass away, that property may still go through Probate. Probate can be time consuming, public, and expensive for your loved ones.

Understanding No-Contest Clauses in Wills and Trusts

Here are some key benefits of having a trust: Avoiding Probate : A major benefit of a trust is that it allows your assets to bypass...

What is the Difference Between a "Durable" Power of Attorney and a "Springing" Power of Attorney?

Estate planning encompasses more than just drafting a will. It involves drafting trusts, powers of attorney, and healthcare directives.

What Are the New Tax Exemptions Impacting My Estate in 2025?

First and foremost, a financial power of attorney is a legal document that grants another person ("the agent") the authority to make...

What Does It Mean To Die Intestate in the State of Idaho?

When a person dies, their Will is validated, debts are paid, and assets are distributed. This is known as the probate process. Probate in...

USE OF A TESTAMENTARY TRUST It is highly recommended that where there are minor children that a testamentary trust be used for the...

A great way to avoid probate is by creating a Living Trust. A Living Trust is a tool that helps provide the disposition of your estate...

Ancillary probate is a secondary, separate probate that takes place in another state, other than the decedent's home state. It is a...

The federal estate tax, also known as the "death tax", is a tax on inherited assets. In 2023, this tax applied to assets over 12.92...

First and most importantly, a Trustee is a fiduciary. This means that the Trustee must act on behalf of the best interests of the...

A Trust Protector is a disinterested, nonbeneficiary, third party who provides protection to the trust from an uncooperative trustee or...

I.C. 15-3-801 When a loved one dies, there are many questions you may be asking yourself. One of which may be, how do I discharge the...

In celebration of the upcoming 2022 holiday season, Riverstone Estate Planning is offering $100 off a simple will and supporting...

The state of Idaho has an interesting and expedited probate process for certain estates. This process is called, “Summary...

If you are selected as a Personal Representative, or Executor, under someone's Will, most likely one of your tasks will be to hold the...

Naming a Personal Representative ("PR") can be a difficult and somewhat daunting task. A PR is the person, named in your Will, who...