Justin Jeppesen: Trusts to Avoid Creditors?
/Do you plan on using a Trust to avoid current or future creditors? Just know that plan will probably not work out for you.
Read MorePLEASE CHECK IF LAW IS CURRENT: The law can change quickly, so please do your research and contact an attorney to ensure that you have the current law. The law as printed here may have changed since posting and the links may have changed.
Reverse Mortgages "Creepin' on a Come Up"
/If you are 62 years old or older, reverse mortgages can help homeowners access their accumulated home equity without facing monthly payments. Some seniors are using these reverse mortgages to finance their future retirement income. They can provide cash when other retirement income sources fail to adequately finance their needs. This home equity can be a large part of an owner’s net worth, which makes it valuable in the long run. However, when providing a bequest to heirs by allowing them to sell your home, a reverse mortgage can eliminate a majority of the equity in your home. So, it is important to understand exactly how reverse mortgages can fit into your financial future and estate plan.
Read More
Justin Jeppesen: Blended Families NEED an Estate Plan
/Blended Families have their own, unique challenges and rewards. One of the often unspoken and unknown challenges that a Blended Family has concerns Estate Planning. Learn the tools available to you to meet your need.
Read MoreJustin Jeppesen: What is a Special Needs Trust?
/Special Needs Trusts are great tools to ensure that the inheritance you leave beneficiaries can benefit them, not hurt them. I invite you to read on to see a glimpse of if and how a special needs trust can benefit your family.
Read MoreJustin Jeppesen: Are Property Taxes Affected by a Living Trust?
/Creating a revocable living trust or a revocable family trust is a flexible and useful tool that affects many aspects of your estate after you have passed away. However, during your lifetime the trust is almost non-existent. See this example on property taxes.
Read MoreJustin Jeppesen: Beneficiary Designations on Your Financial Accounts
/Do you have a Will or Trust? Awesome. Now, what do your beneficiary designations on your bank, brokerage, insurance, and retirement accounts say? Do they differ? If so, your family might be in for a shock.
Read MoreJustin Jeppesen: How to Change a Will
/You created a Will a while back, but your life has changed substantially since then. You want to update it but don't know how. Read on to discover how cost effective and simple this process can be.
Read MoreJudge Taking Time To Determine Prince's Intestate Heirs
/About the only thing the Probate Judge is doing to help Prince's potential heirs is to keep the proceedings as private as possible.
Read MoreJustin Jeppesen: When to Update a Will
/When you created a Will or Trust years ago and it was right for you then. Is it right for you now? Many times it is, but what if it is not? Either way, a review every few years is always a great idea.
Read MoreJustin Jeppesen: A Living Will and a Will Are Not The Same Thing
/If I could rename some estate planning documents, I would. It creates confusion for the consumer. This post covers how a living will is not actually a will, but that having both is a vital part of the protection a complete estate plan offers you.
Read MoreDid you complete Your IRA Beneficiary Form Properly? IRA Beneficiary Planning 101
/Did you complete Your IRA Beneficiary Form Properly? IRA Beneficiary Planning 101
Read MoreJustin Jeppesen: How Much Does a Will Cost?
/Everyone knows working with a lawyer is expensive and you are dealing with hidden fees, or is it? Read on to see my view of costs and then decide for yourself whether or not a conversation is "worth" your while.
Read MoreJustin Jeppesen: Multiple Valid Wills, Is It Possible?
/Is it possible to have more than one Will? If I have more than one Will, which one is valid?
Read MoreJustin Jeppesen: If There is No Will or Trust, Who Receives Property in Idaho?
/Some people will scare you into believing that not having a Will or Trust automatically means that Idaho will take your possessions after you pass away. Although possible, that is not usually the case. However, intestate (without a will) succession should not be taken lightly.
Read MoreJustin Jeppesen:Why a Will Matters to those Young, Single and Without Children
/You have been told you need to create a Will or Trust. But, you have decided to wait or that you do not need one. If you decide you don’t need to create a Will or Trust, you should at least understand what you are facing in order to make an informed decision.
Read MoreJustin Jeppesen: Does Your Will Not Name Guardians For Your Minor Kids? The State of Idaho Will.
/If your big “What If” question that keeps you up at night centers around your children and what could happen to them if you were to pass away, it is time to answer that question. By properly naming Guardians in case of death, temporary Guardians in case of incapacity, or Power of Attorney in case of travel or incapacity, the answer to your “What If” will be exactly what you want it to be.
Read MoreJustin Jeppesen: Idaho's Newest Estate Planning Related Laws
/Typically, once a year the laws in Idaho are tinkered with. Estate planning laws are no different. Here are two laws that are new to Idaho.
Read MoreJustin Jeppesen: Is it possible to name guardians for minor children without a Will
/Do you have minor children? If so, I recommend reading this post to find out how to name guardians for your children.
Read MoreJustin Jeppesen: Prince's Apparent Estate Planning Mistake is Your Learning Opportunity
/You can learn from Prince’s Estate Planning misstep. Although you probably don’t have a multi-hundred-million dollar estate, the same lesson are relevant to you and me. We get a front row view of what could happen if you or I fail to create a Will or Trust.
Read MoreJustin Jeppesen: You Named Guardians in Your Will? Great, Did You Make One of These Common Mistakes?
/Many of us make an estate plan with one main concern, "What will happen to my children if something happens to me?" Unfortunately, many guardianship plans are incomplete and make one of these common mistakes. If you have not legally documented guardians for your children, I invite you to do so. Even if you have, please read to see whether or not your plan is complete.
Read More