Exploring strategies to make your estate plan as optimal and strategic as possible is highly recommended. Finding an experienced and qualified estate planning lawyer is very valuable to help you decide the best ways to own property or even share property with children in NH. Gifting a piece of property outright may not be the right choice for you, which could lead you down the path of deciding how best to approach Read More
What Are Your Chances of Needing Long Term Care?
Research from the World Health Organization shows that people are living longer. However, this isn't all good news, as many people may not recognize the potential for suffering serious medical conditions in their later years. By 2030, one in six people all over the world will be at least 60 years old. This means that many countries are experiencing a significant surge in older populations, which raises many serious Read More
What Role Does a Trustee Play in The Management of Your Estate?
A trustee is not an applicable player in every single estate filed across the country. A trustee is only relevant when you have established trusts for the distribution of assets during your life or after you pass away. A trustee is the person officially responsible for administering these trusts, and the trustee's role is very similar to that of an executor. However, the trustee's responsibilities may extend Read More
How Long After My Death Will My Heirs Need to File for Probate?
Once you pass away, the court must be notified about the death in order to open probate. While not all assets pass through probate, many do, and this requires an official procedure to open and close probate proceedings in NH. How long your estate representative has to open probate depends on the individual jurisdiction. When you pass away, the court process of probate is required in order for the court to Read More
Just Retired? It’s the Perfect Time to Revisit Your Estate Plan
Hitting your chosen retirement age brings about a lot of emotions, and it can seem overwhelming to make this change from working full-time to stepping into whatever your next chapter looks like. Retirement brings about a significant amount of transition, and while you may be celebrating, you may also be nervous about what's ahead. This substantial change in your life coincides with the need to review your Read More
What To Ask Yourself Before Choosing an Executor
Many people simply default to choosing a close relative to serve in the role of executor. Your executor is the person responsible for handling your estate administration. An executor is either named by the court to administer the decedent's estate or named in a will. An executor's duties can cover many different aspects, especially if the individual who passed away owned substantial assets. Some of the most common Read More
Don’t Forget to Think About the Tax Implications of The Assets You Transfer
Passing on assets to your loved ones and even organizations you care about as you pass away is an important factor in the estate planning process. After you pass away, your chosen executor of your will must know what property you have, and your instructions for distributing it. You may accidentally reduce the value of the assets you transfer simply by gifting them outright during your life or after you pass away, so Read More
Proactive Financial Steps for Women in Their 50s To Protect Their Future
Once you've reached the decade of your 50s, it's time to tap into your accumulated life experience and wealth by investing with purpose and confidence. You also need to take steps for risk management such as ensuring that you have the right estate planning documents in place for your needs. As you enter your 50s, you may already be thinking about your intended retirement date and whether you have enough saved. It's Read More
How Do Living Trusts Work?
When you set up a trust, it is recommended that you do so with the help of an experienced estate planning lawyer. An estate planning lawyer can assist you with determining your individual estate planning goals and how these connect to the type of trust you select. When you choose a living or revocable trust, this gives you flexibility over your future use of this estate planning vehicle. When you put assets inside Read More
Tangible Versus Intangible Assets in Your Estate Plan
One of the first steps to take for creating an estate plan is to complete an inventory of all of the assets you own. It's easy to overlook assets as you may not realize how many of them you have that are digital or those that are tangible versus intangible. Common tangible assets in most people's estate plans include vehicles like motorcycles, cars or boats, homes or other real estate, personal possessions or Read More
