Aging in Maine

Estate Planning

Non-traditional Families and Estate Planning

Non-traditional Families and Estate Planning

Changing family structures are evolving the practice of estate planning. As recently as thirty years ago, a traditional family comprised a husband and wife who married young, purchased a home, had children, and worked toward financial stability and security. In 1949, 79.8 percent of American households were married couples, but in 2021 that number declined …

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Talking to Your Spouse or Partner About Estate Planning

Talking to Your Spouse or Partner About Estate Planning

Comprehensive estate planning requires careful thought and conversation with your spouse or life partner. Before meeting with an estate planning attorney, it is best to discuss your ideas to present a united goal. This conversation can be challenging if you and your loved one have different points of view about your future and the legacy …

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How to Settle an Estate

How to Settle an Estate

Whether you need to identify someone to be your estate’s representative (executor) or you are the chosen representative of an estate and accept the responsibility, there are certain criteria to think through — the complexity of the task and the order in which to pursue them. Beyond the emotional healing process when you lose a …

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family llc

The Benefits of Including a Family LLC in an Estate Plan

A limited liability company (LLC) exists structurally between a partnership and a corporation. Most small business owners are aware this hybrid legal entity is beneficial for financial management, yet an LLC is also a powerful estate planning tool for much the same reason. In the case of estate planning, a Family LLC permits the transfer …

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Seniors Guide to Estate Planning

A Seniors Guide to Estate Planning

Most older adults acknowledge that estate planning is essential. Yet, nearly half of Americans age 55 or more do not have a will, and even fewer have designated powers of attorney, a living will, or health care directives. These documents help guide your representatives to provide the end-of-life wishes you seek. Estate planning also reduces …

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