Find the full article at The Ellsworth American.
Michael Hockenbury, Esq
Rudman Winchell
207-947-4501
Find the full article at The Ellsworth American.
Michael Hockenbury, Esq
Rudman Winchell
207-947-4501
One of the many federal tax changes in 2018 is that the annual gift tax exclusion amount has increased from $14,000 to $15,000. This change is actually due to inflation rather than the Tax Cuts and Jobs Act of 2017 signed into law this past December. What does the exclusion amount really mean? The exclusion…
By: Rudman Winchell attorney Brent A. Singer Does It Come With A Warranty? [1] In Part I, I discussed some of the most basic, preliminary points about selling a business, namely, “What are you selling?”, and what sorts of documents or records will you need. In Part II, I discussed issues that arise depending on where…
Bangor, Maine, August 1, 2019: Nine Rudman Winchell attorneys were recently named to the 2020 Best Lawyers in America© publication. These nine attorneys were recognized by their peers in the legal industry for their professional excellence. Best Lawyers®, is the only purely peer-reviewed guide to the legal profession in the country, relying on the consensus…
World Elder Abuse Awareness Day is observed each year on June 15th to raise public awareness of elder abuse. World Elder Abuse Awareness Day was officially recognized by the United Nations General Assembly in December 2011, following a request by the International Network for the Prevention of Elder Abuse (INPEA). Elder abuse is any act…
Under Maine law, corporate officers and directors bear fiduciary duties to the corporations they serve. Fiduciary duties exist because of the high level of trust placed in a person in a fiduciary capacity. As U.S. Supreme Court Justice Cardozo explained in 1928 in Meinhard v. Salmon: A trustee is held to something stricter than the…
Recently a client sent me a financing contract from a “hard money” lender. This lender was willing to lend my client $150,000 at an interest rate of over 20%. Upon the lender’s granting the loan, the loan principal would jump from $150,000 to $225,000. These loan terms were considered within the “normal” range for this…
One of the many federal tax changes in 2018 is that the annual gift tax exclusion amount has increased from $14,000 to $15,000. This change is actually due to inflation rather than the Tax Cuts and Jobs Act of 2017 signed into law this past December. What does the exclusion amount really mean? The exclusion…
By: Rudman Winchell attorney Brent A. Singer Does It Come With A Warranty? [1] In Part I, I discussed some of the most basic, preliminary points about selling a business, namely, “What are you selling?”, and what sorts of documents or records will you need. In Part II, I discussed issues that arise depending on where…
Bangor, Maine, August 1, 2019: Nine Rudman Winchell attorneys were recently named to the 2020 Best Lawyers in America© publication. These nine attorneys were recognized by their peers in the legal industry for their professional excellence. Best Lawyers®, is the only purely peer-reviewed guide to the legal profession in the country, relying on the consensus…
World Elder Abuse Awareness Day is observed each year on June 15th to raise public awareness of elder abuse. World Elder Abuse Awareness Day was officially recognized by the United Nations General Assembly in December 2011, following a request by the International Network for the Prevention of Elder Abuse (INPEA). Elder abuse is any act…
Under Maine law, corporate officers and directors bear fiduciary duties to the corporations they serve. Fiduciary duties exist because of the high level of trust placed in a person in a fiduciary capacity. As U.S. Supreme Court Justice Cardozo explained in 1928 in Meinhard v. Salmon: A trustee is held to something stricter than the…
Recently a client sent me a financing contract from a “hard money” lender. This lender was willing to lend my client $150,000 at an interest rate of over 20%. Upon the lender’s granting the loan, the loan principal would jump from $150,000 to $225,000. These loan terms were considered within the “normal” range for this…
One of the many federal tax changes in 2018 is that the annual gift tax exclusion amount has increased from $14,000 to $15,000. This change is actually due to inflation rather than the Tax Cuts and Jobs Act of 2017 signed into law this past December. What does the exclusion amount really mean? The exclusion…
By: Rudman Winchell attorney Brent A. Singer Does It Come With A Warranty? [1] In Part I, I discussed some of the most basic, preliminary points about selling a business, namely, “What are you selling?”, and what sorts of documents or records will you need. In Part II, I discussed issues that arise depending on where…
Bangor, Maine, August 1, 2019: Nine Rudman Winchell attorneys were recently named to the 2020 Best Lawyers in America© publication. These nine attorneys were recognized by their peers in the legal industry for their professional excellence. Best Lawyers®, is the only purely peer-reviewed guide to the legal profession in the country, relying on the consensus…
World Elder Abuse Awareness Day is observed each year on June 15th to raise public awareness of elder abuse. World Elder Abuse Awareness Day was officially recognized by the United Nations General Assembly in December 2011, following a request by the International Network for the Prevention of Elder Abuse (INPEA). Elder abuse is any act…
Under Maine law, corporate officers and directors bear fiduciary duties to the corporations they serve. Fiduciary duties exist because of the high level of trust placed in a person in a fiduciary capacity. As U.S. Supreme Court Justice Cardozo explained in 1928 in Meinhard v. Salmon: A trustee is held to something stricter than the…
Recently a client sent me a financing contract from a “hard money” lender. This lender was willing to lend my client $150,000 at an interest rate of over 20%. Upon the lender’s granting the loan, the loan principal would jump from $150,000 to $225,000. These loan terms were considered within the “normal” range for this…
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