Maine Elder Law Blog
Local Maine Elder Law Blog
Current Maine Elder Law & Estate Planning Articles
Posting regularly to our Maine Elder Law Blog you can learn about topics including Medicare, Wellness, Caregiving, Memory Care, Finances, Long-Term Care Planning, and much more!
Without a plan, your estate’s financial future and legacy for your loved ones become the administration of your state’s intestacy laws in the courts. Dying without an estate plan or a basic will creates confusion, work, and heartache for your family at a time when they should be mourning your loss. Aside from not having […]
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Probate is the legal process of giving formal recognition to a will, naming or validating a personal representative (executor) to administrate the estate, and distributing assets to intended beneficiaries. It also requires paying the decedent’s outstanding debts and federal and state taxes. Each state has different laws determining if probate is necessary or can be […]
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What happens if your loved one dies without making a will, known as intestate? According to your state’s intestacy laws, a probate court will oversee the distribution process of the decedent’s property. Also known as intestate succession, it has similarities to the probate process when a will is present. Still, the terms are not interchangeable-any […]
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The period following the death of a loved one is an emotional time. Dealing with the death and receiving an inheritance brings mixed emotions. The loss of a loved one is sad but the influx of funds can bring joy or relief. It can be hard to think and plan objectively. After receiving an inheritance, […]
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When creating a special needs trust (SNT) for a loved one with a disability, the grantor (the individual creating and funding the trust) typically becomes the trustee. However, it is crucial to choose a successor trustee who will continue properly managing the SNT to benefit the special needs individual. When selecting a reliable, honest, and […]
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