...about the use of a prenuptial agreement to support her estate plan. The use of a prenuptial agreement (defined in New Hampshire as an agreement “wherein a man and a woman in contemplation of marriage may enter into an inter-spousal contract”) can be a polarizing topic with many people viewing…
Some of our estate planning clients are trustees over trusts created by firm clients, or are asked to serve as a trustee or successor trustee over a trust drafted by other attorneys for a parent, sibling, or other relative. What a trustee must do to administer a trust is a…
Many New Hampshire business owners commonly have not reviewed their estate planning documents with an attorney in many years nor have they developed a formal business succession plan. To avoid huge mistakes, business owners should take the time to ask the following pertinent questions: Do I have a will and/or…
What Are Motivating Factors For Estate Planning And Business Planning? A recent client consultation touched on the “whys” of estate planning and business planning. As in, what do most people want to accomplish when they come in to our offices? Here is my unofficial “top five” list. 1. Incapacity planning…
Effective January 1, 2018, NH adopted a version of the Uniform Power of Attorney Act. One of the more important provisions under the new law is that banks and financial institutions are prevented from arbitrarily refusing to accept powers of attorney. Bank and investment company refusals to accept powers of…
It’s no secret that people all over as well as New Hampshire are living longer. While this is a good thing, a longer life also means planning for more years after retirement. Many seniors are choosing to (or need to) work after retirement. According to the AARP, 4 out of…
Is an LLC a good way to hold and transfer the family vacation home? Since family vacation homes often provide a refuge for family members to gather and enjoy one another’s company, parents are often in search of ways to keep these properties in the family. Before implementing such planning,…
This question was posed by a Nashua area probate client who recently lost a close friend. Unfortunately, his friend died without a will or any immediate family members. When a person dies owning property in his own name and has no Will, the property left behind must pass through probate…
Nashua client wants to know: Should I have an estate planning check-up? The start of a New Year is an excellent time to consider whether your estate plan could use a check-up. A properly executed plan can protect you and your family in the event of sickness, accidents or untimely…
Amherst estate planning client wants to know: How do Hillary Clinton and Donald Trump differ on the Estate Tax? Donald Trump wants to repeal the estate tax. Hillary Clinton, on the other hand, would increase the estate tax rate and lower the threshold at which it kicks in, from $5.45…