Estate planning in Idaho Falls is important to ensure that your loved ones are taken care of and that you maximize the benefit from your assets. Developing an estate plan should be done with greater care with due consideration given to the law. An experienced Idaho Falls estate planning attorney from Thomsen Holman Wheiler PLLC can help you develop and maintain a comprehensive estate plan that addresses your situation.
What can be included in an estate plan?
The law provides for a variety of different estate planning tools and determining which tools and procedures to use depends upon a variety of factors. Estate planning in Idaho Falls should take into consideration your wishes and how the law applies. Some estate planning tools that you may want to consider 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
- Tax planning
Each of these include different aspects that can be explored to address a variety of different issues. An Idaho Falls estate planning attorney can discuss with you the different options that are available.
Why should you consult with an attorney about your estate plan?
When considering different estate plan options, consulting with an attorney will help you understand the different risks and benefits with each option. An attorney can help you determine 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 determined the details of your estate plan, it is important 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 ensure issues do not arise in the future. An attorney will help ensure that your plan complies with the law and that there are no loose ends that could cause issues.
For assistance with your estate plan and advice about how to achieve your goals, contact Thomsen Holman Wheiler PLLC. Their team strives to help each client fully understand their options so they can make informed decisions. Contact them to schedule a consultation appointment with an experienced estate planning attorney.