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.
The recently unveiled Build Back Better Act has the possibility of having drastic impacts on commonly used estate planning techniques.
Do you have a high net worth and need estate planning? Read our blog about Irrevocable Life Insurance Trusts and wealth management.
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.
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.
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.
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.
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 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.
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.
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.
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?
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 and Making a Will
The coronavirus pandemic has created the scramble to set up wills and end-of-life-directives.
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.
Penbay Estate Planning is Open During COVID-19.
We are living in confusing and scary times. The senior population has been identified as the most at-risk demographic for COVID-19.
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.
Federal retirees can protect their Thrift Savings Plan for their surviving spouse…
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.