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Even the best-laid plans may need to be revisited and updated periodically to ensure they conform to your wishes. The following are several of the most common events that necessitates revisiting, or possibly revising, your estate planning documents: 1. Marriage. Did you, a child or another family member named in your estate plan get married […]
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Nashua, New Hampshire Estate Planning Client Has Questions re: her “stuff” (i.e., passing on personal belongings). In the immortal words of the late comedian, George Carlin, much of our efforts and angst in life are centered around what to do with our “stuff”. While his classic routine was spot on, to avoid disputes concerning said […]
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Nashua business owner has concerns about the continuation of her business after her death by her loved ones and how to avoid probate. The probate process can be especially complicated and expensive for a business. It can be quite a process to petition the court for an expedited appointment of an executor, administrator (or other […]
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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 distributed to heirs through the […]
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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? A will governs the transfer […]
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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. There are steps that need […]
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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. A good plan will combine […]
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New Hampshire’s recently adopted law on access to and administration of a deceased person’s “digital assets” provides some clarity on a complex issue. Terms of service agreements and privacy policies govern access to social media and email accounts, and most expire when a user dies and are not transferable. Surviving family members are unable to access social media accounts […]
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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 common question. Here are some […]
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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 for an aging loved (including […]
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