Do you know when certain real estate should not be titled to your family’s living trust?

One of the most important parts of having a living trust designed to avoid probate is to have those assets which would normally require probate assigned to the trust. By this I mean that the trust needs to be the owner of the probate-causing assets (more technically, the Trustee of the trust is the owner, but in his or her capacity as Trustee). In Idaho, one asset that will almost always implicate the need for a probate after death is real estate. So, when I help clients establish a living trust for estate planning, I also assist them in getting their real estate retitled into their trust. This typically means preparing, executing, and recording a new deed for the client’s personal residence which names the trust as the titled owner of the property going forward (again, technically, the deed shows the Trustee of the trust as the titled owner, but in their capacity as Trustee of said trust). If a client owns more than one residence, we will be repeating this process for each.

If you own rental property, you need to understand how trusts and LLCs work together to avoid probate and protect against liability

One of the most important parts of having a living trust designed to avoid probate is to have those assets which would normally require probate assigned to the trust. By this I mean that the trust needs to be the owner of the probate-causing assets (more technically, the Trustee of the trust is the owner, but in his or her capacity as Trustee). In Idaho, one asset that will almost always implicate the need for a probate after death is real estate. So, when I help clients establish a living trust for estate planning, I also assist them in getting their real estate retitled into their trust. This typically means preparing, executing, and recording a new deed for the client’s personal residence which names the trust as the titled owner of the property going forward (again, technically, the deed shows the Trustee of the trust as the titled owner, but in their capacity as Trustee of said trust). If a client owns more than one residence, we will be repeating this process for each.

Wright Insurance declines coverage for CLN

Unresolved claims cited as reason for denial

After trustees voted to change the Community Library Network's insurance policies, the insurer they sought to contract with has declined coverage, citing current unresolved claims.

EDITORIAL: Farewell to an authentic difference maker

Joe and Yvette Dunlap leaving North Idaho for Washington.

Midtown Meeting Center expansion postponed

A planned expansion to the Coeur d’Alene School District’s Midtown Meeting Center is on hold.

MORRISROE: ‘Added value to our schools’

MORRISROE: ‘Added value to our schools’

Legals for November, 29 2023

Legals for July, 21 2023

Legals for November, 15 2023

Community Library Network facing litigation threat

Changes to materials selection policies draw scrutiny

Litigation may be imminent for the new board of the Community Library Network. Former trustee Regina McCrea submitted a letter Wednesday addressed to the board majority — Rachelle Ottosen, Tim Plass and Tom Hanley — in her official capacity as an attorney.

CLN trustees to review all materials purchases

Library director says move is unethical, increases liability risk

Staff members of the Community Library Network will now be required to present the board of trustees with a report of new purchases every other month.

EDITORIAL: Swayne remains target, but why?

Obsession to remove NIC president is one more reason to find trustee board majority untrustworthy

POLITICS: Time for a change

I read so many letters that say the people disagree with the governor and the president, the trustees at NIC and all of that, but then when the time to vote comes around these same people are voted back into the same office.

CLN: Trustees taking away First Amendment rights

CLN: Trustees taking away First Amendment rights

Legals for October, 20 2023

Legals for April, 30 2024

EDITORIAL: Library board opts for ignorance, so far

But there's still time to avoid disaster.

MY TURN: If you can't stand the heat ...

Ya just gotta feel sorry for poor old attorney Art Macomber who said as quoted in a recent Press article, that because he had faced sharp criticism from the public over his work at North Idaho College, he raised his fee to $400 an hour. He is quoted as saying he just can’t do his very questionable legal work for $325 an hour.

Selecting an Estate Executor or a Trustee of a Family Trust

When I meet with clients to set up estate plans, we discuss in detail who should be left in charge of their estate. I want my clients to focus on the qualities of the right type of person to leave in charge. Let’s review some of the factors that should be considered.

NIC board grants board chair authority on lawsuits

North Idaho College trustees granted board chair Mike Waggoner blanket authority to make decisions about litigation on behalf of the college, two days before a hearing where a judge will consider whether to compel the college to turn over an investigative report to NIC President Nick Swayne.