Estate Planning

Talking to Kids About Their Inheritance Many parents hesitate to talk to their kids about money. In most families, discussing wealth feels taboo. People rarely ask how much money others have — it’s often considered impolite. But avoiding the topic can leave your children unprepared. Even a modest inheritance can be mishandled or wasted without […]

You often hear the terms used interchangeably; however, there are significant differences between elder law and estate planning. While some overlap exists between the two, learning and implementing strategies from both law practice types is crucial to prepare for successful aging life care planning and preserving a family legacy. Estate planning lets families: Name guardians for minor children

Changing Family Structures and Estate Planning Family structures are changing — and estate planning must change too. Thirty years ago, the “traditional family” was common: a husband and wife married young, bought a home, had children, and worked toward financial security. In 1949, nearly 80% of American households were married couples. By 2021, that number

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

Keeping your estate plan current is one of the most important steps you can take to protect your legacy. There are many reasons to update your estate plan in Maine — from major life events like marriage, divorce, or the birth of a child, to significant financial changes or new laws that affect your plan.