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READ ABOUT: Important information about Guardianship and Conservatorship
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The Basics of Guardianship/Conservatorship A guardianship or conservatorship is a relationship in which one or more persons are appointed by the Probate Court to make personal or financial decisions for a minor or an incapacitated adult who, due to physical or mental impairment, is unable to make responsible decisions about his or her personal affairs…
Selling your Small Business (Part 1)
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Many people spend a great deal of their adult life dedicating themselves to often stressful and difficult job of owning and running their own small business, which, rather arbitrarily, for purposes of this article, means one that employs anywhere from 5 to 100 employees, and could be sold for roughly anywhere between $500,000.00 and $5,000,000.00,…
GRANDPARENTS RIGHTS AND DE FACTO PARENTHOOD
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The following article was co-written and presented at the Maine State Bar Association’s Family Law Institute by Stephen D. Nelson, Esq. and Anthony A. Trask, Esq. Please note that all citations have been omitted. However, a full copy of the article, complete with citations and footnotes, can be viewed upon request. I. INTRODUCTION Nearly a…
Spring Cleaning: What to Do with that Unclaimed Property?
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It’s time for spring cleaning. But before you throw all that junk away, make sure you comply with Maine’s unclaimed property laws. In Maine, property is classified as “unclaimed property” when it is abandoned or lost and an owner cannot be located within a specified period of time. Besides real estate, animals and vehicles, almost…
READ ABOUT: “The Facts About Alimony”
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By: Rudman Winchell Attorney Anthony A. Trask THE ALIMONY ENIGMA One of the biggest concerns people have when they are contemplating or involved in a divorce is how it will impact him or her financially. For the most part the answer is simple: divorce will almost invariably have a profound impact on the financial situation…
‘Tis The Season for Giving. Important Information about Gift Tax
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People often worry about incurring gift taxes when making significant gifts to family members. However, most gifts are non-taxable, and under current federal law, people can gift up to $5 million during their lifetimes without incurring gift tax. By making non-taxable gifts, you may reduce estate taxes, by removing property from your taxable estate, including…