Kimmer W. Callahan Law Blog

When a spouse says "I do", they are saying "I will be responsible for your medical care costs."  The Idaho Medicaid system is not bound by the terms of a prenuptial or postnuptial agreement. For more information, contact: Callahan & Associates, Chtd. info@IdahoEstateLaw.com www.IdahoEstateLaw.com (208) 664-9228... Read More

As an
estate-planning attorney, I am well aware that many couples and others hold
title as ¿joint tenants.¿  This is
a result of well-intentioned but uninformed advice most often perpetuated out
of habit by lending institutions, real estate professionals, and
¿amateur-night¿ advice on avoiding probate.  Joint tenancy is usually the most expensive and wrong way
to try to avoid probate.  In Idaho, joint tenancy does not necessarily avoid
probate.  Under... Read More

As an
estate-planning attorney, I am well aware that many couples and others hold
title as “joint tenants.”  This is
a result of well-intentioned but uninformed advice most often perpetuated out
of habit by lending institutions, real estate professionals, and
“amateur-night” advice on avoiding probate.  Joint tenancy is usually the most expensive and wrong way
to try to avoid probate.  In Idaho, joint tenancy does not... Read More

 

When you use a Will to pass your property, the probate
system takes control over all of your assets.  This means that the court system, not your family or heirs,
is in charge of your assets until they are distributed (an average of 12
months).  That translates basically
into a year of lawyers, bureaucratic paper shuffling, court procedures, court
... Read More

Benefits of using a trust beneficiary for IRAs.... Read More

People often make the explanation of why you should complete a Living
Trust both complex and confusing. There are numerous advantages to a
Living Trust, but one major reason stands tall above the rest: AVOID
PROBATE!


Probate is a bureaucratic procedure that your family will endure
in most cases at your death if you choose a will, or if you die with no
estate plan. Without a will, the “state” decides who gets your assets
... Read More

There is much more to Estate Planning than tax reduction!... Read More