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Trustee Duties
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…
Why Do I Need a Will? Your Guide to Will Planning in Maine
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…
To Gift or Not to Gift
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…

6 Estate Planning Questions, Answered
Estate planning is a personalized process impacted by each individual’s unique family and financial circumstances. Estate planning attorneys are often asked the following questions, and the answers are important to understand as you prepare your estate plan. 1. What Is the Difference Between a Will and a Trust? A will is a document that directs…