Estate Planning
Families and individuals throughout Idaho work hard to build and maintain wealth for themselves and for future generations. A comprehensive estate plan can ensure that wealth is preserved and dispersed as a person intends, with the least taxation possible.
McAnaney & Associates engages in estate planning with an emphasis on providing for family members, handling business interests, and tax considerations, including income, gift and estate taxation. Our estate planning attorneys have particular knowledge of the laws of wills, trusts, probate, property, marriage and state and federal taxation and how best to apply them to client objectives.
Clients benefit from our comprehensive estate planning services. We provide complete, multi-pronged analysis of each client's current situation and future goals, including those clients may not have previously considered, in order to produce the best possible estate plan.
We advise clients and prepare the appropriate documents with respect to wills, revocable and irrevocable trusts, the implementation of gift programs (both personal and charitable), the use of family enterprises to reduce current income taxes, the use of estate tax-reduction techniques, and the use of various methods designed to provide liquidity to pay estate taxes.
We also advise clients regarding legal and tax aspects of joint ownership of property, formation of family limited partnerships and limited liability companies for the management of property, and for lifetime transfers to family members.
Included is advice regarding and implementation of advanced directives, including living wills and the use of durable powers of attorney to assist clients in their personal planning.
In addition to wills and revocable living trusts, the firm prepares documents such as irrevocable life insurance trusts, charitable remainder trusts, personal residence trusts, special needs trusts, and pet trusts which help clients carry out lifetime estate planning objectives.
Additionally, the firm represents administrators of estates, administers testamentary and inter vivo trusts, and establishes guardianships and conservatorships.
We have significant experience assisting with:
- Wills and Trusts
- Charitable planning
- Estate taxes, reduction and planning
- Multi generational planning
- Probate
- Trust administration
- Wealth preservation
- Advanced Directives
