Your estate may have been created when your life was relatively simple, such as if you created power of attorney documents when you headed off to college. However, you may need to update your estate plan at multiple points throughout your life based on changes in your life, and outside circumstances. Estate planning is valuable on a regular basis, even without a specific prompt. That's because you never know when Read More
When Should I Start Estate Planning In New Hampshire?
Everyone can benefit from estate planning once they reach adulthood, even people who believe they don't have enough assets to do so. Even children who have recently reached the age of majority and have gone off to college, the military, or to live their own life may benefit from creating some basic estate planning documents such as a power of attorney. There's a big myth that only people who are older, approaching Read More
Who Can Be An Executor In Maine?
When you pass away, you may wish to enable certain people to take actions to handle your estate through the appointment of an executor. The executor is the person responsible for handling each aspect of probate administration. This is in fact one of the most important reasons to make a will altogether. The primary job of your executor is to protect all of your property until any taxes and debts have been paid, at Read More
What is a Quiet Trust?
Trusts are some of the most powerful and advanced estate planning tools used for leaving assets behind to your heirs while also having some level of control over their access to those assets. In some cases, you might inform your beneficiaries that you have created a trust for their benefit, but there are situations in which this does not work and in which a quiet trust created by an estate planning lawyer may be more Read More
Which Documents Should I Keep Organized for My Family’s Benefit?
A well-rounded estate plan is something that should be created with the help of a qualified and experienced attorney, but you should also start this process by gathering all necessary documents. This is to help you determine what falls inside your probate estate, and to ensure that it is included in your estate planning process. Estate plans often incorporate multiple different documents associated with your assets Read More
Should I Use A Revocable Or Irrevocable Trust?
There are many different trusts out there that can help you for estate planning purposes, but it is essential that you work with an estate planning lawyer to help you decide which strategy is right for you. You may have heard of different kinds of trusts, such as a special needs trust, a grantor trust or a testamentary trust. All of these are either irrevocable or revocable. A revocable trust simply means that it Read More
If You’ve Recently Moved To New Hampshire, It’s Time To Meet With An Estate Planning Lawyer
If you have recently relocated to New Hampshire, it's a good idea to meet with a qualified New Hampshire estate planning lawyer to discuss your estate plan. The documents from your previous state may not apply to your individual circumstances in New Hampshire and the insight of a lawyer can help you to create an estate plan that meets your goals and complies with state law. Many people who move to a new state will Read More
Can Beneficiaries Request Replacement Of A Trustee?
In New Hampshire, trusts are often established as part of the estate planning process to protect loved ones from receiving an outright gift payment and also to add a layer of privacy to an estate plan. If your beneficiaries and your trustee don’t get along, this can foreshadow a lot of problems with the implementation of the trust. The creator of a trust, also known as a grantor or settlor, may want the trustee to Read More
Why Are Beneficiaries Important For Estate Planning Purposes?
You may know that some aspects of your estate may pass outside of probate or your will. These are known as those accounts that have beneficiaries listed on them. It is very important to designate both primary and contingency beneficiaries so that you can feel confident that your estate plans are being followed through and that those people you intend to receive money get it after you pass away. By naming Read More
What Are The Consequences Of A Fiduciary Breach?
When you create a trust, the trustee is also known as a fiduciary. This means he or she has the legal responsibility to career out the terms in the trust and to do what is best for the beneficiaries. If this does not happen, those beneficiaries might be able to file a breach of fiduciary duty lawsuit. Naming any person as a fiduciary in your estate plan, such as a trustee is an important consideration. You should Read More
