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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…
Preserving Your Family Home Legacy: Secure the Future for Generations with Estate Planning in Maine
Owning a cherished family home, especially in the scenic coastal regions of Maine such as Mount Desert Island, Hancock, and Deer Isle/Stonington, is a dream for many. However, ensuring that the family home stays within the lineage and preserves its legacy can be a complex task. That’s where a seasoned attorney can provide important assistance…
Keeping the Family Camp in the Family
With summer imminent, many Mainers and those “from away” will be heading to their camps or vacation properties for relaxation and recreation. Frequently, these camps are legacy properties that have been used by families for generations providing an important family tradition and shared memories. As time passes, the number of family members who wish to…
You’ve Been Named a Trustee: Overwhelmed? We’re Here to Help!
You’ve been honored with the responsibility of being named a trustee by a family member. While it is a significant vote of confidence, the role of a trustee comes with important duties and obligations. We understand that stepping into this role can be overwhelming and may leave you wondering where to start. Our incredible team…