Creditors and Probate
Personal representatives, beware. Do not distribute assets to beneficiaries before the balance of the estate’s taxes and all outstanding debts are completely paid or dismissed by the probate court.
Talking to Your Parents About Estate Planning
For most of us, estate planning is one of the most challenging topics to discuss with our parents. Even broaching the subject can seem daunting. Despite the challenging nature of this subject, it is one of the most important conversations we can have with our parents.
Five estate planning mistakes
Reviewing your estate planning documents with your attorney will ensure that your desired changes will address your new need without negatively impacting your overall intentions. Call us today at 207-236-4888 to discuss your estate planning goals.
The Build Back Better Act and Estate Planning
The recently unveiled Build Back Better Act has the possibility of having drastic impacts on commonly used estate planning techniques.
Reducing the risk of probate litigation
Reducing the risk of probate litigation Jesse Bifulco, Attorney, Camden Maine Many family circumstances can increase the risk of probate litigation. Still, there are two fundamental reasons: families disagree with how to handle a mentally incapacitated family member...
Estate planning considerations for vacation homes
Estate planning considerations for vacation homes Jesse Bifulco, Attorney, Camden Maine Many families enjoy spending time in their family vacation home. Sharing time and creating memories is the hallmark of such properties, and often there is a desire to preserve the...
Learn How to Protect Your Business from Lawsuits
As the owner of a small business, you cannot control everything. Most owners should anticipate at least one lawsuit over the life of their business. However, with careful planning, you might be able to beat the odds by taking steps to minimize risks. At the very least, a lawsuit mitigation plan can help your business avoid a legal threat. For help with your lawsuit risk mitigation strategy, please contact us.
Condo Buyer’s Guide Top Tips from Real Estate Attorneys On How to Buy a Condo
Buying a condominium is not the same as buying a house. Learn why… Get this free cheat sheet on how to buy a condo Maine Condo Buyer’s Guide real estate attorney top tips on buying a condo Download Condo Buyer's Guide Checklist Maine has many...
Hiring Seasonal Employees What You Need to Know
A lot has changed since last summer, but the same federal and state laws still apply to employers that hire seasonal employees. If your business is considering bringing on summer help to handle an increased workload, you may need a refresher on navigating benefits, taxes, overtime, pay, and employment of teenage workers.
What Employers Should Know about Giving Gifts to Employees
In today’s competitive job market, giving gifts and other fringe benefits to employees can be an effective way for employers to show appreciation. But generous employers should understand that most gifts and bonuses—even small ones—have tax implications.
Irrevocable Life Insurance Trusts and Wealth Management
Do you have a high net worth and need estate planning? Read our blog about Irrevocable Life Insurance Trusts and wealth management.
What is an Asset Purchase Agreement and When Do I Need One?
An asset purchase agreement (APA) is a contract that specifies the terms and conditions for the sale and purchase of a business or certain business assets. If you are buying or selling a business read this.
What a Will Can and Cannot Do for You
A will is a legally binding directive stating who will receive your property upon your death and is an important part of a comprehensive estate plan.
What You Need to Know Before Starting a Franchise
Learn about franchising a business. Investing in a franchise can be a great business opportunity. But before you sign a franchise agreement and invest any money, you should closely review all documents with help from a qualified business lawyer.
Considerations for Married Business Owners
Owning a business can impact every area of a person’s life. The impact is uniquely felt within a marriage. Married business owners must consider the ways in which their marriage may impact their business and vice versa.
Meeting Minutes
Meeting Minutes: What They Are and Why Every Business Needs Them Jesse Bifulco, Attorney, Camden Maine When starting a business, many entrepreneurs jump immediately into day-to-day operations. They often struggle to make time to develop systems for documenting how...
Your Aging Parent and How to Prepare for Their Care
Whether you need basic information about eldercare resources and services, are looking for a local agency to provide those services, or have worries about legal documents or how to finance your parents’ care needs now or in the future, the time to begin planning is today.
Estate Planning Lesson
The moral of the story? If King wanted to change his 2015 estate plan, he should have consulted an attorney. He never should have created a document that was open to such serious challenge, especially given the number of marriages and children involved, at a time when his health was frail.
What Are Corporate Bylaws?
Corporate bylaws are one of the most critical documents to have in place. Bylaws lay the corporation’s foundations and include important information that your directors will use to run and govern your business.
Stay Bonus Agreements
Stay Bonus Agreements: What They Are and How to Use Them Jesse Bifulco, Attorney, Camden Maine A stay bonus agreement, also referred to as a retention bonus agreement, is a written agreement between a company and a key employee to induce the employee to stay with the...
Limited Liability Companies and Form 1099 Reporting
Understand the Internal Revenue Service (IRS) Form 1099 and determine when it is necessary to file one if you are a LLC.
Five Reasons Business Owners Need Estate Plans
Five Reasons Business Owners Need Estate Plans Jesse Bifulco, Attorney, Camden Maine Business owners are notorious for engrossing themselves in the day-to-day management and functions of their businesses. As a business owner, you are likely the heart and soul of the...Remote Employee’s Time
Employers may be required to pay nonexempt employees for work completed at home, even if the work was completed without the employers’ knowledge. Here’s why you should track remote employee’s time.
Petcare Power of Attorney
The LifeCounsel® Petcare Power of Attorney™ is a Maine power of attorney form specifically limited and adapted to cover any animals you may own. It’s available for free download. Download it, print it, fill out a few details, and sign it before a notary. Then if you are away, or have an unexpected absence from home, you have already given someone the authority to retrieve your pets, feed them, and get them vet care if needed.
How Labor Made Our Country Better, and How the Better Stuck
Thanks to all those who labor… It’s time to reinstate the honor and dignity of labor in our national consciousness. What Does Labor Day Mean for Your Family? It’s time to reinstate the honor and dignity of labor in our national consciousness. I am proud that my...Trademark Infringement
Most elements of business branding—name, logo, design—are readily available online, making it easier for people to knowingly or unknowingly use the intellectual property of others. As a business owner, you must prioritize both protecting your own trademarks and avoiding infringement of others’ marks.
Can I Get Help with My MaineCare Application
MaineCare can be a good option for paying for nursing home care. Learn what is involved with doing the application the right way.
Ten Things You Should Know About How to Make a Will
Ten Things You Should Know About How to Make Your Will Most people want to know what the top ten things you should know about how to make your will so they can plan their estate. For instance, what are your spouses rights? Can you amend your will? Do you need...
Obtaining Loan Forgiveness through the Payment Protection Program
Obtaining Loan Forgiveness through the Payment Protection Program Jesse Bifulco, Attorney, Camden Maine One of the major provisions of the CARES Act is the Payment Protection Program (PPP), a loan program created to incentivize the retention of employees in small...Re-opening after Covid-19
How to Reopen Your Business After COVID-19 Jesse Bifulco, Attorney, Camden Maine Despite the uncertainty that has accompanied the COVID-19 pandemic and that still lies ahead, one thing remains certain: Most businesses will eventually reopen. On April 16, 2020,...
How to Probate a Will in Maine
Probate checklist, with forms and online filing instructions. Avoid being liable for the debts of the estate when you Probate a will in Maine. Probate lawyer explains some of the tips and traps for the unwary.
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