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February 06, 2012

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Estate Planning Resources

The best way to inform yourself about Maine Estate Planning Law and Estate Planning related topics. Our Estate Planning Resource Center includes the following sites for your personal use.

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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.

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	Latest news about Financial & Estate Planning in Maine and nationwide: Attorney General Files Second Suit Alleging HARRISBURG - Attorney General Tom Corbett today announced that a second civil lawsuit has been filed against the operators of a living trust sales ... Read more > Nelson Supports Full Repeal Of Estate Tax To encourage economic activity and to allow for certainty in estate planning, Nebraska’s Senator Ben Nelson voted today to proceed to H.R. 8, the b... Read more > Permanent Tax Reductions Seen As Most Stimulative WASHINGTON, D.C. - Permanent tax reductions would offer more economic stimulus than would temporary tax relief measures, according to a new study r... Read more > More Estate Planning News >

Estate Planning Terms

Today's Terms

Inheritance Tax

Definition:
A tax imposed by the state at the time of a person's death that is based upon the total value of the decedent's estate

Will

Definition:
A written document that provides instructions for disposing of a person's property upon the person's death. A will generally also names an executor or personal representative to handle the estate.

Gross Estate

Definition:
The value of an estate before the debts are paid. In California Probate statutory attorneys and personal representatives fees are usually calculated based on the gross value of the estate, so that the value of the home is calculated before deducting the amount due on the mortgage.

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Estate Planning Resources

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Estate Planning Hot Topics

Topics Related to Estate Planning:

Trusts
Wills
Uniform Probate Code
Gift Tax

Maine Estate-Planning Attorney

If you live in the following cities and need an Estate-Planning attorney you should contact our Estate-Planning Attorney as soon as possible:

Auburn
Augusta
Bangor
Biddeford
Brunswick
Lewiston
Portland

Saco
Sanford
Scarborough
South Portland
Waterville
Westbrook
Windham

Legal Disclaimers
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