A transfer on death designation allows beneficiaries to receive assets at the time an individual passes away rather than waiting for the entire estate to go through probate. This also lets the security or account holder specify the specific percentage of assets that every beneficiary will receive. This is very helpful for an executor to distribute a person's assets after the creator passes away. Transfer on death Read More
What Does a New Hampshire Executor Really Do?
Your legal personal representative or executor, appointed either by you through the creation of your will or through the court, is responsible for finding and then overseeing all of the assets inside your estate. This includes many different important steps, meaning that being an executor is a big responsibility. Some of the assets that need to be assessed during probate include retirement accounts, stocks and Read More
What You Need to Know About Adult Children Taking Over Your Finances
Whether you’re caring for an aging parent and have questions about what it means to be their power of attorney or you’re looking to sign a power of attorney to name one of your children as your agent, it’s important to be clear about how a power of attorney works in New Hampshire. A durable power of attorney makes it possible for someone else, known as your agent, to take on the role of managing your finances. Read More
What You Need to Know About Creating Your Will in New Hampshire
All states have specific laws about what counts as a legally valid will and it is important to be aware of the specifications before crafting your own will. A consultation with an experienced and dedicated New Hampshire estate planning lawyer can help you avoid many of the most common missteps that could lead to will contests and will challenges in the future. In order to finalize a will in New Hampshire, you must Read More
How Do Your Family’s Needs Connect to Estate Planning?
A will is the document most likely to come to mind for someone realizing they haven’t created an estate plan. Whether it’s a change in life circumstances or the loss of a loved one and the discovery they didn’t have a will, you must have a plan. Your family’s needs are core to the creation of the proper estate planning documents. The will is truly just the beginning. It’s where you document most of your plans and Read More
What Happens If I Need to Settle a Revocable Trust After the Trust Maker Has Passed Away?
Most people will not have had the experience of being named a successor trustee in charge of settling a person's revocable living trust after a loved one passes away. There are many different steps involved in closing out this trust and all of these should be approached with care and with the possible support of an experienced probate lawyer. The first step to settle a revocable living trust is to locate all of the Read More
When Should I Use a Corporate Trustee as My Successor Trustee?
A successor trustee is the individual or entity appointed to handle trust affairs should you become incapacitated or pass away. If you are not sure that a family member or friend you intended to appoint in the role of successor trustee could handle this responsibility well or you fear that it could only spark further family conflict, you may be able to avoid some of these problems by using a trust company or the Read More
What You Need to Know About Qualifying for Medicaid in New Hampshire
When you or another loved one is looking at the prospect of staying in a nursing home, the cost of the required care can be overwhelming. For an average couple, a stay in a nursing home could decimate the pair’s savings, which is why more couples are doing advanced planning to work with elder lawyers regarding Medicaid qualification in NH. Qualification for Medicaid is a popular question among those who are in need Read More
What Is Long Term Care Insurance?
Like many insurance policies, the goal is to sign up for long-term care insurance well before you need it so that the benefits are there in the event of an unexpected issue. Many retirees can realize that the same amount of money they have projected to cover their vacation, property taxes and food after the workforce will also have to support their long-term care in their older years. Approximately half of the US Read More
Are You One of the Many Americans Not Financially Prepared for Retirement?
When it comes to your finances and your future, you’ve got to be the one who takes the reins and protects your nest egg. In addition to funding your retirement, those accounts might also become the payment source for long-term care health needs. You and your spouse should both be on the same page about saving for these possible issues. A recent study of US adults between the ages of 50 and 64 revealed that plenty of Read More
