In the state of New Hampshire, both the buyer and seller pay Real Estate Transfer Tax, or RETT. This transfer tax is required for most typical transactions when the ownership of a property is transferred to the new owner. The current tax amount is $0.75 for every $100 of the sale price of the property. Both the buyer and 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
The Right-to-Know law in the state of New Hampshire is powerful. This law ensures that all government decision making is transparent. It also ensures that all public business is conducted in meetings that are open to the public. This helps with not only transparency, but also accountability.
Since the Right-to-Know law applies to all public bodies, you would think there … 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
Have you ever wanted to have some work done on your home and had numerous contractors come out to give you a quote?
Most likely, you answered yes to this question, because every homeowner needs something completed on their home at least once in their lifetime.
While some work on homes is self-explanatory, like a new furnace or hot water … Read the rest
Not many states in our country take pride in having their local boards regulating, and enforcing, municipal-specific issues. This includes local land use issues. In our state, we have the motto, “Live Free or Die”. Our state government prefers when localities take charge of issues affecting their homeowners. This is why New Hampshire has numerous laws that help create local … Read the rest
A living trust is a legal document. It is slightly different than a will because it establishes a trust for any of the assets you have that you wish to have transferred into it. Many people choose to create a living trust, so the transfer of their assets is overseen by a trusted person after their death. You may have … Read the rest
New Hampshire is one of the few states that does not have a general sales tax. It is one of the many “New Hampshire Advantages” you will see when you live in this beautiful area of the country. Collecting sales tax on internet sales has been a major issue for years. And the insistence of collecting that sales tax only … Read the rest
The state of New Hampshire still has lots of open green spaces, which means there is still quite a bit of land available for use. While these open spaces are beautiful, a few people would love to construct different buildings on them. Then there are others who want to expand on the land they already own. During all of these … Read the rest
State and local taxes (or SALT) are taxes charged in addition to any federal taxes. Many states and localities charge these taxes. Most states choose to use income and sales tax, as well as property and real estate taxes for their state and local taxes. However, in the state of New Hampshire, property and real estate taxes cover the local … Read the rest