Jill Eshman Law's blog

The Most Important Love Letters You’ll Ever Write

Many Americans have the misperception that estate planning is simply preparing for one’s death and is only necessary for the affluent. To the contrary, estate planning is as much about passing values to loved ones as it is about passing material possessions.

Will My New Kitchen Countertops Increase My Percentage Ownership of Common Area? Clarification to Idaho Law Effective July 1, 2

Allocation of the percentage of ownership interest in the common area of a condominium development under the Idaho Condominium Property Act provides that the “percentage must be fixed by taking the basis of value of each unit in relation to the value of the property as a whole.”  Idaho Code 55-1505.

The Good News About The New Tax Act...

The American Taxpayer Relief Act of 2012, signed into law by President Obama on January 2, 2013 means higher income taxes for some, but it also provided, for the first time in quite a while, certainty regarding the federal gift, estate and generation skipping transfer tax rules.  While the changes to the laws were made “permanent” as of December 31, 2012, the term “perman

Time is of the Essence...

Significant changes in the tax law are scheduled to take effect on January 1, 2013, affecting everyone with a net worth of more than $1 million dollars.  

Right now the Federal Estate and Gift Tax law provides an exemption of $5 million dollars per person. This exemption according to the existing law expires in less than next 60 days. 

How to Choose a Guardian

1. Make a Big List ~ Include immediate family and extended family, and friends who live in your community. 

2. Focus on Love ~ Who loves and knows your child?  Who would be willing to give of themselves if they were appointed guardian of your children, even if they have children of their own?

The Health Care Surtax! Does It Apply To You?

Now that the health care law has been declared constitutional, the remaining provisions will be going into effect.  One little known provision is a new 3.8% investment income surtax, also called the health care surtax or the Medicare tax; it will go into effect on January 1, 2013.

"Gift Tax-Apalooza" !?!

It's June! Time to start planning before the tax laws change in January.  Reuters published an article entitled "If you're a wealthy American who's planning to hire an estate or trust attorney later this year, here's a thought: Good luck.

You Should Still have a Living Will...

Today's Wall Street Journal Article entitled "A New Look at Living Wills" questions whether a living will is worth having.  Signing a living will does provide some gu

Don't Just Set It and Forget It!

Modern Estate Planning

Traditional Estate Planning - Is It "Modern Estate Planning"?

My clients expect their estate planning will cause their property to go to whom they want, the way they want, when they want and that it will minimize the impact of taxes, professional fees and court costs.

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