A general estate plan often includes a trust. Its purpose is generally to provide for underage relatives who are unable to provide for their own care. It can include family pets as well. Sometimes it is also prepared as a guarantee that the preparer’s exact wishes for the distribution of assets are carried out fully and precisely. When a trust … Read the rest
Have you taken the time to set up your estate plan? If you said yes, congrats! If you haven’t done this yet, there’s no time like the present. In case you are not aware, an estate plan is basically a legal document that states what happens when you either become ill and incapacitated or after your death. We understand this … Read the rest
Did you know when you list a person as the executor of your estate, that person does not automatically get the job? The probate court must appoint that person as executor before they can handle your affairs. This shouldn’t stop you from nominating a person as your executor though. Most of the time, the person you nominate will be the … Read the rest
Taking the time to create an estate plan is an excellent way to ensure you, and your heirs, are taken care of in the future. However, how can you be sure you are choosing an attorney who has your best interests in mind? There are three things we recommend looking for when searching for an estate planning attorney. You might … Read the rest
Too many people seem to think that since they have a mortgage on their home, they do not need to go through the hassle of creating an estate plan. After all, that seems to be the easiest way, because it doesn’t take any time. However, there are numerous reasons why not having an estate plan is a bad idea. Having … Read the rest
Aretha Franklin may have been the “Queen of Soul”, but nothing could help her family financially when she died on August 16, 2018. Despite having 112 singles on Billboard music charts, Ms. Franklin failed to have a will and trust created prior to her death. Without that will and trust, her estate was considered intestate.
Since Ms. Franklin resided in … Read the rest
In some way, each of us begins each new day by lying to ourselves that nothing “bad” will happen to us. It’s like it’s part of our human nature. We know that people are involved in accidents every day that end their lives or incapacitate them; that’s just it, we tell ourselves that it will happen to someone else – … Read the rest
Great, you created your estate plan; and by getting crucial documents drafted and signed, you are ahead of most people in planning for your future. An estate plan is not a “set it and forget it” type of thing. The only thing worse than not having a plan, is having one that does not match your goals and wishes. You … Read the rest
First and foremost, just because you were named in someone’s Will as the Executor of their Estate does not mean that you are automatically the Executor as soon as that person has died. Being named in someone’s Will as their Executor only means that you have been nominated. The probate court must appoint you as the Executor before you … Read the rest
Much has been written and discussed about what a revocable trust is and how tax laws have changed to make revocable trusts applicable to more people. However, it is important to note how a revocable trust, under New Hampshire’s laws, can benefit you and your family.
There are a number of ways to organize a discussion about how a revocable … Read the rest