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Why Do I Need a Will? Your Guide to Will Planning in Maine

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Creation of a will is an important step to ensuring correct succession of possessions after death. Here are some important elements you need to know.   What’s a Will? We hear about them sometimes in the media but usually only when someone famous dies, didn’t prepare one, and now the family is trying to figure…

Trusts: A Powerful Tool for Protecting Your Assets

Trusts: A Powerful Tool for Protecting Your Assets

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Are you familiar with trusts? Rudman Winchell Attorney and Partner, Kristy Hapworth, recently presented at the 2023 Trust & Wealth Management Conference in Freeport, sponsored by the Maine Bankers Association. During her presentation, Kristy spoke about the benefits of trusts for clients with moderate wealth. We’ll provide a summary of her expertise, focusing on different…

Trustee Duties

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    Duties of a Trustee As a trustee, you have been named to manage assets, funds, or property for someone else, which makes you a fiduciary. Fiduciary means the agreement is based on trust and confidence. Your basic duties as a trustee are outlined in the Maine Uniform Trust Code, but you should also…

Navigating Special Needs Trusts: Ensuring a Secure Future for Your Loved One
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Navigating Special Needs Trusts: Ensuring a Secure Future for Your Loved One

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Planning for the future is crucial, especially when it involves loved ones with unique needs. Special Needs Trusts are a powerful tool that can provide financial security while safeguarding important benefits. At Rudman Winchell, our estate planning attorneys, together with the exceptional staff at Maine Fiduciary Services, specialize in guiding families through the intricate journey…