Protect Yourself And Your Family
When planning for your own death, of the most emotionally challenging aspects is the fear of the unknown. When deciding what property or money to leave to your loved ones, you may question whether they will use their inheritances wisely. While you can not fully...
Charitable Gifts A recent blog post of mine spoke about charitable trusts and the various ways to incorporate charitable giving into your estate plan as an individual. While the overall process is similar for someone who owns a business, there are a few notable...
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...
There comes a time in life when moving into a nursing home becomes a sensible decision. It provides ample social opportunities and constant medical attention, plus other advantages. The cost can be exorbitant, yet senior living communities cannot seize properties to...
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 Many people create a directive and then fail to update it afterward, resulting in an outdated and sometimes unenforceable directive.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...
