With estate planning, there are many factors to take into account. However, working with a knowledgeable estate planning lawyer allows you to create an estate plan personalized to your specific circumstances and objectives. At Gravis Law, our attorneys have considerable expertise assisting individuals in Boise and nearby areas with their estate planning requirements. Find out more about key estate planning considerations, and let our team help you get ready for the future!
A will is a legal document that lets you name who will receive your property and assets after you pass away. You can also designate a guardian for any minor children you have in your will. If you die without having a will, your property will be distributed based on Idaho's laws.
A trust allows you to arrange how certain assets will be managed and distributed during your lifetime and after your death. Trusts can be helpful for goals like tax planning, protecting assets, and avoiding probate.
A power of attorney is a legal document authorizing someone to handle your financial matters if you become unable to do so yourself. A durable power of attorney continues even if you become incapacitated, while a springing power of attorney only takes effect if you do become incapacitated.
Naming beneficiaries on assets like retirement accounts, life insurance policies, etc. helps make sure those assets go to the people you want after you die.
These are just some estate planning considerations. For personalized help creating a plan that meets your needs, contact Gravis Law. We're happy to answer any questions and assist with estate planning so you can prepare for the future.
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