Nashua, NH: Concerns About Estate Taxes and Business Succession Plan

Nashua Small Business Owner has Concerns About How Estate Taxes Will Affect His Business Succession Plan. Estate taxes and proper estate planning are an important consideration for all New Hampshire closely held business owners. A successful small business recently asked how the IRS will establish “fair market value” for their closely held business that is […]

Business Succession Planning, Nashua, New Hampshire

A Nashua, New Hampshire business owner has concerns about business succession planning for her family business. A business owner who is nearing retirement age recently asked what were some initial issues to consider, right now to help to transition her successful small business to her children. The following are some basic questions all business owners […]

Nashua Area Family Has Questions About Guardianships

Should we file for Guardianship over a declining parent? Guardianships of incapacitated persons can be over the person, over the estate or over the person & the estate. The Probate Division has jurisdiction of these guardianship types. Guardianships of incapacitated persons are established when the court determines that the functional limitations of an individual have […]

Merrimack, NH estate planning clients

…have questions regarding treatment of the primary home, trusts and jointly owned property in elder law/nursing home context. Many of our estate planning clients have elderly family members who are confronted with the possibility of nursing home care. Questions regarding specific types of assets and Medicaid qualification are common. In New Hampshire, any real estate, […]

Amherst, New Hampshire estate planning clients…

…have questions and concerns about Joint Ownership of property and accounts in their estate plans. In joint ownership, two or more persons share an undivided fractional ownership in property with rights of survivorship. This mechanism is effective for avoiding probate, because the property passes automatically upon the death of one joint owner to the surviving […]

Nashua area estate planning clients have questions about transferring the family home to a “Child Care Giver”

In general, a transfer of the family home without consideration (i.e. a gift) within 5 years of an application for Medicaid will make the parent ineligible to receive Medicaid based nursing home care. One very important exception is the “Caregiver Child Exception”. Pursuant to 42 U.S.C.A. 1396p (c) (2) (A) (iv), the period of ineligibility […]

Nashua area estate planning clients what to do with the family home …

…when one of their parents is confronted with the possibility of nursing home care. When parents are confronted with the prospect of one spouse entering into a nursing home there are, naturally, a great deal of concerns and questions to answer. There are some options such as home based care, adult day care, and other […]

Common Estate Planning Mistakes (and ways to avoid them)

1. Not reviewing and updating your estate plan. You should periodically review your estate plan to make sure it reflects your current wishes. Failing to address changes in the law or in your financial and family situations can result in unnecessary taxes, family conflicts, and unintended people receiving a significant part of your estate. If […]

An Amherst, NH client asks: Is a New Hampshire Asset Protection Trust the right estate planning option for my Estate?

The primary benefit of asset protection trusts is the ability to shield assets placed in a qualified asset protection trust from creditors. Transfers made to the trust are irrevocable, but the transferor may retain significant benefits and control, including the right to continue to receive trust income, control over dispositions, and control over investment decisions. […]

A Merrimack Client asked: How Do I Select an Appropriate Guardian For My Minor Children?

This blog is intended for informational use only. The information contained herein should not be construed as offering legal advice or a legal opinion. A Merrimack, New Hampshire estate planning clients asked about the selection of a guardian in their wills. Appointing a guardian for minor children can be a challenging decision. The following information […]

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I was referred to Jack White by a friend who hired him to represent her during her own divorce. I was going through some very rough times trying to prepare the documents I needed to file my own divorce case. I had asked Jack if he could take some time to look over the paperwork and “spot check” my work. I am SO glad I did. Jack was very knowledgeable in his field and very professional. I can’t thank him enough for taking the time to set me on the right path and to answer my legal questions. I would highly recommend him and the entire Welts, White and Fontaine staff to anyone in need of legal assistance.”
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I am thankful for the professional guidance and legal advice Michael Fontaine provided me throughout my difficult process. I appreciate his looking out for me during the emotional stress and exhaustive process of the divorce experience. His kind manner and guidance enabled me to continuously move forward. He and his staff provided exceptional legal assistance in helping me navigate in a confident manner. I will always be grateful that he was the “Bulldog” that I needed as we moved through Mediation to Settlement!”
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This firm is outstanding… my company has done business with them for nearly 20 years and I am always impressed with the accessibility of the staff and the down to earth personalized service. Aside from pesky legal issues that crop up which is part of running a company, my son recently suffered a back injury due to a rear end collision. Welts, White & Fontaine made us feel truly represented and negotiated for us a settlement that I believe would have otherwise been impossible to achieve with any other firm.”
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