Navigating Potential Changes to Estate Plans: Insights for Maine Business Owners
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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…

Navigating Special Needs Trusts: Ensuring a Secure Future for Your Loved One
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Navigating Special Needs Trusts: Ensuring a Secure Future for Your Loved One

Planning for the future is crucial, especially when it involves loved ones with unique needs. Special Needs Trusts are a powerful tool that can provide financial security while safeguarding important benefits. At Rudman Winchell, our estate planning attorneys, together with the exceptional staff at Maine Fiduciary Services, specialize in guiding families through the intricate journey…

Trusts: A Powerful Tool for Protecting Your Assets

Trusts: A Powerful Tool for Protecting Your Assets

Are you familiar with trusts? Rudman Winchell Attorney and Partner, Kristy Hapworth, recently presented at the 2023 Trust & Wealth Management Conference in Freeport, sponsored by the Maine Bankers Association. During her presentation, Kristy spoke about the benefits of trusts for clients with moderate wealth. We’ll provide a summary of her expertise, focusing on different…

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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…

Medicaid Estate Recovery: Will the State Take my House?

There is a lot of misinformation and confusion surrounding estate recovery and the Maine Medicaid (MaineCare) long-term care benefit. One of the biggest fears we hear from aging Mainers is, “I don’t want the State to take my house.” That only happens in the context of a process called estate recovery. Estate recovery can only…