Protect Yourself And Your Family
I love the entrepreneurial spirit that exists here in New Hampshire, and it can be seen in the broad variety of businesses we have across our state. With those different types of businesses come many different types of assets, some tangible and some intangible. This...
How Retirement Impacts Estate Planning Very often, when someone passes away, the buy-sell agreement will have been funded with life insurance. When someone is going to retire, you don't have that. Getting to a full retirement for someone who has run a small business...
How Do Various Types of Business Ownership Impact the Estate Planning Process? When someone passes away and an estate plan comes into effect, there will be differences based on a variety of factors, such as the size of the business, how the business is structured, and...
How Does Owning a Business Impact the Estate Planning Process? If you are a business owner in New Hampshire, there are a few significant ways that your estate planning process may differ from the average resident. For one, it brings a greater sense of urgency to...
One of the main reasons individuals create comprehensive estate plans is to help their heirs avoid estate taxes. States and the federal government impose these taxes on assets that pass to beneficiaries after the death of a loved one. However, there is a difference...
Every adult should establish an advanced directive to define their medical wishes and appoint someone to make decisions. Many people create a directive and then fail to update it afterward, resulting in an outdated and sometimes unenforceable directive. There are some...
When thinking about how you might want to pass down assets to the next generation, trusts are often an attractive option. Trusts are very different from other forms of charitable giving that can be incorporated into your estate plan. They fall into one of two general...
New Hampshire is one of the best states to form a trust in. Trusts grant your estate several benefits for taxes that can affect your family for generations. Setting up a trust in New Hampshire is relatively easy. New Hampshire Trust Code describes five basic...
When Should You Notify the Beneficiary? No matter what it is that you are thinking of giving, it makes a lot of sense to be in touch with the organization when giving a major gift. For starters: the organizations like to know that they have a gift coming! While this...
Trusts are a useful and common form of estate planning, and they come in multiple forms. How do you know which one is right for you? Consider the differences between revocable and irrevocable trust. Definition of a trust A trust is a legal document similar to a will...
