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Protect Your Finances With Your Estate Planning

Our Idaho Estate Planning Lawyers have found that people are more concerned about their finances while they are alive than they are about giving their money away after they die. What most people don't know is that estate planning is a fantastic way to protect your finances while you are alive. Our Estate Planning Attorneys in Idaho are experienced and have the knowledge to help you protect your finances through your own personal estate planning. We have helped numerous clients prepare their customized estate plan in order to protect their finances so that these will be available for them during their own lifetime regardless of their personal, physical, and/or mental circumstances later in life.

An estate is made up of all the property that is owned by a person including finances and cash money. To help you with your personal finances our Idaho Estate Planning Attorneys customize an estate plan for you that will provide financial support to you during your lifetime. Our Estate Planning Attorneys in Idaho includes a team of partners Randy Budge and Lane Erickson, and attorneys Matt Stucki, Nathan Palmer and Dave Bagley who have received the highest ratings from Martindale and Hubbell, AVVO and Justia for their ethics and legal ability. Our Estate Planning team have the experience and the ability to help you complete your Idaho Estate Plan that includes protecting your finances for you while you are alive.

Durable Power of Attorney

At its root, estate planning provides a way for you to give your money, property and valuable things away to others after you die. This is done through your Last Will and Testament. But this is not all estate planning does. A customized Idaho Estate Plan will also provide a plan for your own life while you are alive, including taking care of and protecting your finances so they can be used for you when you need them.

As a result of healthy foods, exercise, and modern medicines people are living longer now than ever before. However, living longer doesn’t necessarily mean that all of the potential problems that may occur are gone. Our Estate Planning Lawyers in Idaho know that living longer increases the risk that of developing some type of mental incapacity later in life, such as Alzheimer's disease, a stroke, or some other injury or illness. We know that our job is to help each client prepare a plan for this possibility which avoids the potential family conflicts that can arise. This is accomplished through a document in your customized estate plan known as a Durable Power of Attorney.

The laws in Idaho recognizes that while you are healthy mentally, you have the ability to take care of and make decisions about all your own daily life affairs such as handling your own finances, bank accounts, healthcare decisions, and managing your businesses and other areas of your life. The problem is, if you develop a mental incapacity you may no longer be capable of taking care of these things for yourself.

With a Durable Power of Attorney as part of your Idaho Estate Plan you decide who you will name to care for your property and yourself if you ever become incapable of doing these things for yourself. Having a completed Durable Power of Attorney as part of your Idaho Estate Plan allows you to avoid expensive and time consuming guardianship and conservatorship proceedings. This eliminates the possibility of your family fighting or arguing about who should be named to care for you and your finances. This also saves you money.

Revocable or Irrevocable Family Trusts

Another way that Idaho Estate Planning can assist you with your finances while you are alive is by preparing a revocable or irrevocable trust. Creating a trust allows you to transfer your property and other financial assets into the trust. While you are able you can act as the trustee and can also receive the benefit of the trust through financial disbursements. If you ever become unable to serve as the trustee you can name another individual who will do this for you while you remain the primary beneficiary and continue to receive disbursements as needed. In this way you can protect your finances, your properties, and other valuable investments so that they will be safe from creditors while at the same time allowing them to continue to provide for you and your well-being while you are alive.

Enlist an Idaho Estate Planning Attorney to Help You

There are many ways that having your own customized Idaho Estate Plan can protect your finances while you are alive. The Idaho Estate Planning Attorneys at the Racine Law Office are here to help you and your family when you need it the most. We are available to discuss your options and answer your questions at an initial free consultation. Call us toll free at 877-232-6101 or 208-232-6101 for a free consultation with the Racine Olson team of Estate Planning attorneys in Idaho. You can also email us directly at racine@racinelaw.net. We will answer your Idaho Estate Planning questions and will help you solve your Idaho Estate Planning problems.

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