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What to Do with Stimulus Checks Received by Estates
You may have been seeing, reading, or hearing on your favorite source of media that stimulus checks are being delivered to some of our deceased relatives. Can the estate keep it? Personal Representatives of estates have been asking what to do if they receive a direct deposit or a check in the mail with this…
Dealing With Debt After Death
Families face a number of challenges when a loved one dies. The last thing a grieving family member needs is to be bombarded with calls from creditors trying to collect the debts of the deceased relative. It happens, nonetheless. Fortunately, the obligation of repayment generally does not extend to the deceased debtor’s family members. Instead,…
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…
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…
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…