It often takes a lifetime to acquire significant personal property. Many people spend decades paying off the principal balance on their mortgage to become the sole owner of their home. A lifetime of saving and smart investing usually produces a combination of...
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Estate Planning
Protecting assets during the estate planning process
An individual's personal estate is comprised of all financial resources and property of every kind which they have acquired over their lifetime. When they die, those same assets become the focus of action in their estate plan, if they have taken the time to prepare...
Why more middle-class families now use trusts for estate planning
Adults in New Hampshire with dependent family members often want to leave as much of their resources as possible for their loved ones. The estate planning process involves not only clarifying who should receive specific assets from someone's estate, but also how to...
The two main powers of attorney
When you’re making an estate plan, you can use a power of attorney to give someone else the ability to act on your behalf. This happens before you pass away, but after you become incapacitated. For example, someone who has been diagnosed with a degenerative brain...
Tips for avoiding probate
When a loved one passes on, the decedent’s friends and family may want to focus on their grieving process, which may make probate difficult. Probate is the process of transferring a person’s assets and estate after they have passed on. Many people are not familiar...