Boise Idaho Business Guide: Living Trust
A will is usually the first thing that comes to mind when you think about how to plan your estate and transfer your assets and Idaho business to your loved ones. After all, that has been what the public has been told for years.
In an Idaho will you name who you want to receive the various assets when you pass and whom you want to handle your final affairs. This person is called an executor or administrator.
However, a will may not be the best vehicle to transfer your Idaho assets.
In fact, a will:
- Does not avoid probate when you die
- Does not prevent the court from taking control of your assets if you become physically or mentally incapacitated
- Does not give you the control you think it does if you have minor children or grandchildren