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.…
On June 3rd, the U.S. Senate passed the House version of the Paycheck Protection Program Flexibility Act of 2020. The President is expected to sign shortly. This bill extends and clarifies some of the provisions regarding the Paycheck Protection Program (PPP) that was included in the original CARES Act. The…
Disputes with neighbors are, unfortunately, a not-uncommon occurrence. They can be unpleasant, stressful, and sometimes escalate into a lawsuit. One category of neighbor dispute involves trees. Many folks take the trees on their property for granted --- they exist and serve a purpose, but we don’t think too much about…
By Executive Order on May 15, 2020, Governor Sununu extended through June 5, 2020 the prohibition of residential and commercial evictions first announced in his Emergency Order #4. Pursuant to Executive Order 2020-04, the following exceptions are currently the only permissible grounds for eviction: 1.a. Eviction Proceedings initiated against an individual…