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...
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...
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 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.
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.
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...
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.
Estate Planning Options for Retirement Accounts
Estate Planning Options for Retirement Accounts Learn Your Options
Can People with Disabilities Have Assets Without Being Disqualified for Mainecare or SSI?
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.
Four Reasons Your Will May Be Contested in Court
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.
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.
Don’t Risk it: Protect Your Finances From Coronavirus Complications
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.
3 Tips for Retirement Account or IRA Protection After the SECURE Act
The SECURE act has changed your retirement account forever. What should you do? Find out before there is a problem
What is Estate Planning? Or How to Get a Great Estate Plan Without Having to Learn How to Build and Fly a Commercial Jetliner
Good estate planning protects assets and prevents family conflict. But did you know you could get a great plan without becoming a lawyer yourself?
Patients Accessing Health Services Virtually During COVID-19
Through the use of videoconferencing over wireless devices and remote health tech monitoring, telehealth can connect patients to vital health care services.
Choosing a Lawyer Making a Will
Choosing a Lawyer and Making a Will
Estate Planning During the COVID-19 Pandemic
The coronavirus pandemic has created the scramble to set up wills and end-of-life-directives.
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.
COVID-19 UPDATE
Penbay Estate Planning is Open During COVID-19.
The Impact of Coronavirus on Seniors
We are living in confusing and scary times. The senior population has been identified as the most at-risk demographic for COVID-19.
The Consequences of Adding a Child’s Name to Your Bank Account
Although it can be useful to have another party available to keep track of bills when you’re sick or away, adding a child’s name to a bank account may be more of a hassle than it’s worth.
Asset Protection for Federal Employee TSP Thrift Savings Plan
Federal retirees can protect their Thrift Savings Plan for their surviving spouse…
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.
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