Nashua Estate Planning Client Asks One of the key questions to address during any discussion about estate planning and probate is to understand the difference between probate and non-probate assets. Probate is the process through which a court determines how to distribute someone’s property after they die. Assets that are…
A will, sometimes referred to as a person’s “last will & testament” is a document that a person prepares (usually with the assistance of an estate planning attorney) that sets forth how, and to whom, a person wants their assets to pass when they die. What does a will do?…
Everyone knows that kids are magnets for bumps and bruises. Most of the time a child gets injured, it is nobody’s fault: just the product of an uncoordinated and accident-prone young person. Injuries, however, are especially concerning when they occur outside the parents’ presence. More and more households include both…
Revocable trusts are common estate planning tools in New Hampshire. The trust is established by someone known as a “grantor” (i.e. the person who transfers assets into the trust) and in most instances is also a beneficiary of the trust. When the grantor dies, the trust does not automatically terminate.…
It’s a common occurrence: one driver yields the right of way and waves another driver into traffic. Most of the time, the first motorist is doing a favor to the second driver by allowing them to go. And most of the time, the act is greatly appreciated. It is even…
Nashua Business Owner Has Questions The Covid-19 pandemic has created a new sense of urgency in the local business community to implement or update their business succession plans. A comprehensive business succession plan will increase the chances that a business will survive the retirement, disability, or death of its owner.…
We are experiencing an unprecedented pandemic known as Covid-19. There are many unanswered questions as to how to handle a breach of contract during this time. For instance, a vendor in Nashua could contract with an individual to throw a party pre-Covid-19. The vendor could cancel the party stating it…
Assuming life insurance proceeds are excluded from her estate. Many clients believe that insurance proceeds are tax-free. That is correct as far as income taxes are concerned, but not for estate taxes. The reality is that the proceeds of all life insurance policies owned by you are included in your…
Nashua small business owner has questions about the PPP loan extension Congress recently voted to extend the Paycheck Protection Program (PPP) for five additional weeks. The bill was signed into law on July 4. The new law allows small businesses until August 8 to apply for the approximately $129 billion…
Attorney Israel Pedra and Attorney David Tencza discuss how the law firm of Welts, White and Fontaine, P.C. has adjusted to meet the legal needs of their clients during the Covid-19 pandemic and outline changes to the Court system in New Hampshire since the beginning of the state of emergency.…