Is a will enough or do I need a trust?
Do I have to come into the office to modify something in my plan?
What needs to change in my plan when my children turn 18?
We answer questions like these and many more in our collection of FAQs.
Today more than ever, costs are an important factor in making any major decision. This is true even for a New Hampshire estate plan, something needed by every individual over the age of 18. Using a revocable trust as part of your plan may increase the initial, upfront cost; however, it often saves money over the long term. Revocable trusts are a cost effective estate planning tool that can dramatically reduce the time, expense, and complication involved in administering your estate after you are gone.
5 Ways Your New Hampshire Revocable Trust May Reduce Estate Administration Costs
How does a revocable trust help to reduce costs during an estate administration? The following are a few examples:
For many New Hampshire residents, a newly created limited liability company can provide peace of mind when it comes to protecting assets. Some individuals form an LLC to hold title to a rental property in an effort to shield personal assets from the possibility of a lawsuit brought by a tenant. Other individuals form an LLC when creating a new business or when their existing business grows to the extent that liability protection becomes a real concern. Regardless of the reason, the process can be easy and efficient when overseen by a knowledgeable New Hampshire LLC attorney.
To form a limited liability company, your first step should be to contact an experienced attorney. Next, your lawyer will assist with the following parts of the process:
While there is no requirement to use an attorney when filing an LLC, there are many benefits to obtaining the assistance of a knowledgeable lawyer as you move forward with the process. We are here to help.
In the blink of an eye, your child suddenly goes from a toddler in diapers to a young adult heading away to college for the first time. While this bittersweet moment in time is a right of passage for parents everywhere, few realize the importance of making sure their son or daughter has proper estate planning documents in place before leaving. These essential tools make it possible for parents to act quickly and efficiently on behalf of their child in the event of an emergency.
Estate planning documents are critical for every person, no matter what age. This includes young adults after they turn 18. At a minimum, every individual should have:
These documents, in combination, allow a parent to immediately step in during an emergency to manage a child’s medical care, speak directly with medical providers, and manage a child’s personal information and financial assets. Unfortunately, many parents assume that because it is their child, they will automatically have these rights in place. If your child is over age 18, however, he or she is a legal adult. As such, you may be denied access to bank accounts, be unable to access important personal information, and struggle to oversee your child’s health care absent intervention from the courts.
Before your child leaves home this fall, whether it be to attend college or to set out on his or her own for the first time, take the necessary steps to know that you can act quickly in the event of an emergency. We are here to help you obtain that peace of mind so that you can focus on enjoying your child’s first big life steps into adulthood. We make this process quick, easy, and painless, by offering a Back to School Package for all children over age 18 at a very affordable cost.
What should you do next after your loved one has passed away? The following