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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!

Generational Wealth Transfer and Your Estate Plan

September 21, 2021
Posted in
generational wealth

How to protect your inheritable legacy so that its aggregate will exist for future generations requires careful planning. There are always generational differences of opinion as to how best to live and act in the world. Millennials and Generation Xers seem to have distinctly different priorities and politics than their older benefactors in response to […]

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How to safely store your financial and legacy documents

September 15, 2021
Posted in
how to store my important documents

You may have wondered, how to store my important documents? It is crucial to store your estate planning documents like your will, living wills, powers of attorney, trusts, medical directives, and financial information securely somewhere your survivors can easily access. Additionally, you need to securely store information about birth certificates, marriage licenses, even divorce decrees, […]

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What to know when appointing a power of attorney

September 13, 2021
Posted in
power of attorney

In its various forms, power of attorney is an essential tool when planning when you may become incapacitated and require a trusted agent to manage your affairs. These legal documents can grant broad authority to one or more power of attorney agents to transact business or make medical decisions based on your behalf. What are […]

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Estate Planning Considerations for Vacation Homes

September 7, 2021
Posted in
vacation homes

Many families enjoy spending time in their family vacation home. Sharing time and creating memories is the hallmark of such properties, and often there is a desire to preserve the home’s ownership within the family system for generations to come. Yet, even seemingly harmonious families can experience discord and exasperation when parents are no longer […]

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Another Species of Estate Planning – Pet Trusts

September 2, 2021
Posted in
pet trusts

You may have heard, back in 2007, of a pet Maltese pup named “Trouble” whose human, hotel heiress Leona Helmsley, left a trust fund of $12 million to pay for Trouble’s care. Unfortunately, pet inheritances ever since have enjoyed a dubious reputation. For those who care about the well-being of their animals or livestock, animal […]

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