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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…
Survivor Benefits Plan: Protecting Military Survivor Benefits for a Child with Disabilities
Military families who stay in the service until retirement can easily provide survivor benefits for a child with disabilities without effect that child’s eligibility for public benefit programs. In December of 2014, the Disabled Military Child Protection Act was signed into law. Prior to the enactment of this law, a military parent had to choose…
5 WAYS TO AVOID INHERITANCE CONFLICT
It is no secret that inheritance can cause family conflict. It is all too common for family members to disagree over how to care for an ill or elderly loved one, or who should receive what when that person ultimately passes on. Fortunately, there are steps you can take today to minimize conflict for your…
6 Estate Planning Facts You Need To Know
While estate planning is a personalized process that is impacted by each individual’s unique family and financial circumstances, there are some questions that estate planners are asked, again and again, by a majority of our clients. Here are some of the questions I hear most often: Will my estate need to go through probate after…