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.
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.
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.
Estate Planning Options for Retirement Accounts Learn Your Options
The funds of a person with a disability are used to fund or establish a first party supplemental needs trust. The federal law, and Maine law allows these trusts.
Considering the time and expense, will contests are something you’ll want to avoid at all costs. Not only would it jeopardize your final wishes but it also causes unnecessary and painful conflict among your loved ones during an already emotionally trying time.
As the coronavirus continues to expand across the country, thousands of Americans are unable to carry out normal financial responsibilities because they are too ill, or they are stuck abroad and unable to travel home, or from a lack of resources due to being isolated at home.
Penbay Estate Planning is Open During COVID-19.
Estate planning can be a very difficult process. The planning requires us to face the fact that we will not live forever.
The mental stimulation and joy it can bring are just beginning to be tapped for the senior market.
There are resources to dealing with spousal dementia in MidCoast Maine.
The costs of dementia can be devastating to the affected individual and their family. While scientists continue to search for solutions to the debilitating condition, the families affected with it must face its challenges.