Estate Planning in the News

We are used to hearing dramatic stories about the estate woes of celebrities like Anna Nicole Smith and Gary Coleman. From all appearances, however, in the tragedy of singer Amy Winehouse’s recent death there is one positive note: she left her affairs in remarkable order.

While you may not have an ex-spouse in prison you may be part of a blended family, have a special needs child or simply want to make sure your estate is managed according to your wishes. Whether you have $16.4 million (or more) … or substantially less … there are fundamental estate planning moves that every adult should undertake. These include making a will, appointing durable powers of attorney, and completing health care directives. Trusts also are versatile estate planning tools that may help you achieve your goals in a variety of situations.

To ensure a successful plan, we at Idaho Estate Planning will: 1) educate you and your helpers; 2) take the time to get to know you, your family, your desires, your concerns, your goals, and your potential problems; 3) gladly and patiently answer questions until you understand the concept or issue; and, 4) based on experience with the problems and results caused by poor planning, help you design and implement the plan that fits your concerns and goals. Remember, good planning is no accident.

According to US News & World Report, Winehouse’s assets, estimated at around $16.4 million were at risk of going to her ex-husband, who is currently in prison, since the English legal system tends to favor ex-spouses. But Winehouse avoided that problem by writing a new will directing her estate to her parents and brother instead.

Idaho Estate Planning

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