{"id":8022,"date":"2019-09-26T13:17:48","date_gmt":"2019-09-26T20:17:48","guid":{"rendered":"https:\/\/www.racinelaw.net\/blog\/?p=8022"},"modified":"2019-09-24T13:19:41","modified_gmt":"2019-09-24T20:19:41","slug":"how-david-kochs-heirs-will-receive-most-of-his-estate-and-how-yours-can-too","status":"publish","type":"post","link":"https:\/\/www.racinelaw.net\/blog\/how-david-kochs-heirs-will-receive-most-of-his-estate-and-how-yours-can-too\/","title":{"rendered":"HOW DAVID KOCH\u2019S HEIRS WILL RECEIVE MOST OF HIS ESTATE AND HOW YOURS CAN TOO"},"content":{"rendered":"

By Lane V. Erickson<\/a>, Idaho Estate Planning Attorney<\/p>\n

Billionaire David Koch died last week. He was just under the age of 18 years old. It is estimated that his estate is worth $50 billion. Some experts have estimated that David Koch\u2019s heirs will likely receive the bulk of his estate because most of his estate was tied up in real estate, businesses, and other investments that are subject to capital gains. However, these capital gains taxes will likely be avoided by what is known as the step-up in basis.<\/p>\n

This leads me to a meeting that I once had with a client who had received a diagnosis that she wouldn\u2019t live much longer. Even though she wasn\u2019t a billionaire like David Koch, and her estate was modest, she was concerned about what would happen to her property, including her home, after she died. Her main concern was that she wanted to pass her assets and estate on to her children.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

By Lane V. Erickson, Idaho Estate Planning Attorney Billionaire David Koch died last week. He was just under the age of 18 years old. It is estimated that his estate is worth $50 billion. Some experts have estimated that David Koch\u2019s heirs will likely receive the bulk of his estate because most of his estate […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-8022","post","type-post","status-publish","format-standard","hentry","category-estate-planning"],"yoast_head":"\nHOW DAVID KOCH\u2019S HEIRS WILL RECEIVE MOST OF HIS ESTATE AND HOW YOURS CAN TOO — Idaho Law Blog — September 26, 2019<\/title>\n<meta name=\"description\" content=\"By Lane V. Erickson, Idaho Estate Planning Attorney Billionaire David Koch died last week. He was just under the age of 18 years old. It is estimated that — September 26, 2019\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.racinelaw.net\/blog\/how-david-kochs-heirs-will-receive-most-of-his-estate-and-how-yours-can-too\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"HOW DAVID KOCH\u2019S HEIRS WILL RECEIVE MOST OF HIS ESTATE AND HOW YOURS CAN TOO — Idaho Law Blog — September 26, 2019\" \/>\n<meta name=\"twitter:description\" content=\"By Lane V. Erickson, Idaho Estate Planning Attorney Billionaire David Koch died last week. He was just under the age of 18 years old. It is estimated that — September 26, 2019\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Racine Olson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"HOW DAVID KOCH\u2019S HEIRS WILL RECEIVE MOST OF HIS ESTATE AND HOW YOURS CAN TOO — Idaho Law Blog — September 26, 2019","description":"By Lane V. Erickson, Idaho Estate Planning Attorney Billionaire David Koch died last week. He was just under the age of 18 years old. 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