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Maine Estate Planning Lawyers.com
Who is Maine Estate Planning Lawyers.com ?
Maine Estate Planning Lawyers.com
is the only exclusive Estate-Planning
directory online. Not only do we offer this unique service as an
exclusive listing for law firms across the country, we also provide
news articles from around the nation. Maine Estate Planning Lawyers.com
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Did You Know?
A Will, is sometimes called a "Last Will and Testament"
Used to transfer property you hold in your name to the person(s) and/or organization(s) you want to have it. A Will also typically names someone you select to be your Personal Representative (or "Executor") to carry out your instructions and names a Guardian if you have minor children. A Will only becomes effective upon your death, and after it is admitted to probate.
Newsroom
Latest news about Financial & Estate Planning in Maine and nationwide:
The First Step In Estate Planning
Inventory everything you own and assign a value to each asset. Here's a list to get you started. You may need to delete some categories or add othe... Read more >
Making A Will
The simplest way to ensure that your funds, property and personal effects will be distributed after your death according to your wishes is to prepa... Read more >
New Tax Laws Offer NewWays To Save
Evaluate your income, find out your tax bracket and seek ways to keep it low
HUMBERTO CRUZ Tribune Media Services
It was important ... Read more >
Definition:
The process through which the legal title to property is transferred from a decedent to the beneficiaries. If a person dies with a will (testate), the probate court determines if the will is valid, hears any objections to the will, orders that creditors be paid and supervises the process to assure that property is distributed by the Personal Representative or Executor according to the terms of the will. If a person dies without a will (intestate) the probate court appoints an Administrator who receives all claims, pays creditors, and then distributes all property according to the laws of the state.
Living Trust
Definition:
Sometimes called an Inter-Vivos Trust--A written legal document established during a person's lifetime into which he/she places property.
Transfer Tax
Definition:
The combined Federal Estate and Gift tax. A single exemption credit applies whether the property was transferred during a person's lifetime (gift tax) or is held by a person at the time of his/her death (estate tax).
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