Understanding the Term “Sound Mind”

Estate litigation lawyers can help many potential clients with different issues regarding an estate dispute. One of the most common reasons for a dispute to occur is lack of mental capacity. Many people assume that when a will contains no contest clauses, it cannot be...
Changes in Retirement Planning Trends

Changes in Retirement Planning Trends

In France, proposals to raise the retirement age are met with street protests. Yet around the world, the retirement age is creeping up; in the United States, it is moving up from 65 to 67.

The Baby Boomer Generation in the 2020s

The Baby Boomer Generation in the 2020s

The guiding forces behind baby boomer life in the 2020s are high expectations during a much longer retirement, more investment choices but less investment safety, and rising interest rates.

What Is an S Corporation and Should I Form One?

Contrary to popular belief, the S corporation is not a distinct entity type. According to the Internal Revenue Service (IRS), an S corporation is a corporation that has elected treatment as a pass-through entity for federal income tax purposes under Subchapter S of the Internal Revenue Code.

Understanding How LLC Members Pay Taxes

Limited liability companies (LLCs) are one of the most popular types of business entities. The LLC’s flexible taxation options are one reason it is preferred; LLC members can, for the most part, choose how they would like to be taxed. The LLC enjoys this flexibility because the Internal Revenue Service (IRS) does not recognize it as a distinct entity for federal tax purposes

Filing Business Taxes in Maine

For most entrepreneurs, handling business taxes is a daunting but necessary task. The complexities of tax preparation often lead business owners to procrastinate or neglect proper record keeping and tax deadlines.

The Challenges of Caregiving for a Spouse

The Challenges of Caregiving for a Spouse

The Challenges of Caregiving for a Spouse Jesse Bifulco, Attorney, Camden Maine Caring for a seriously ill spouse can trigger relationship challenges. In the process of change, you can lose your best friend, your love, and your future as you both had imagined it....
Congress Passes the SECURE Act of 2020

Congress Passes the SECURE Act of 2020

The impact of the SECURE Act to some retirees, near-retirees, and their future beneficiaries is profound, and it is imperative to schedule a review of your retirement, estate, and trust plans.

Wealthy Retirees are Cautious on Spending

Wealthy Retirees are Cautious on Spending

While the US economy is in a cycle of more than ten years of economic growth, its citizens, even the “wealthy” ones, are worried about running out of cash and are scared to spend.