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Detecting Elder Abuse
For years, Maine has been the oldest state in the nation. Our median age has risen to 44.9. About 21.2% of the state population is 65 or older. Elder abuse is prevalent and especially difficult to detect because these individuals often are reluctant or unable to report abuse, whether financial or physical. Elderly individuals may excuse…
Navigating Potential Changes to Estate Plans: Insights for Maine Business Owners
There’s an important development on the horizon that could affect your estate plans in 2024 and beyond. We’re talking about a potential shift in how life insurance policies designed for repurchasing company stock are interpreted, and it’s worth your attention. Imagine this scenario: You’ve arranged a life insurance policy specifically aimed at facilitating the transfer…
What Is Long Term Care
What is Long Term Care? And Why Should We Plan For It? What is Long Term Care? Long term care happens in that phase of life when a person can no longer manage his day-to-day activities without someone else’s assistance; that “helper” is often referred to as a caregiver.The caregiver’s services might take…
What is Long-Term Care? Why Should We Plan for It?
I am often asked why we should worry about planning for long-term care. It is a good question. I think before we can talk about why we should talk about what. What is long-term care? We hear that phrase all over the place. What does it actually mean? Long-term care happens in that phase of life…
Third-party Contract Beneficiaries
Frequently, an individual or entity not a party to a specific contract may be affected by a breach to that contract. For example, a municipality may contract with a landscaper to periodically remove brush and other shrubbery encroaching on a road. A homeowner uphill from that road gains a benefit from this contract as it…