Estate Planning, Business Succession, & Protecting Your Business

 In order to effectuate a successful transition of your business, it is necessary to have a clear plan in place in order to transfer assets and distribute the stocks after the person who holds these items has died.  The efficiency of the transfer will help to preserve the value of the business.  If there is no clear succession plan, there may be power struggles that undermine the strength of the company.  These disputes also may prolong the probate process, which could lead to a devaluation in the stock, creating an uncertain future for the business.

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Tips on Hiring the Right New Hampshire Family Law Attorney

Work with an attorney who has a significant background in family law. Find an attorney who can effectively explain the issues in your case in layman’s terms so that you can understand what he or she is recommending and why. Only work with an attorney that is upfront about his or her legal fees. Always work with an attorney who is compassionate, patient, listens to you and addresses your concerns, answers all of your questions, and who makes you feel comfortable, every step of the way.

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Creating Charitable Trusts during the Estate Planning Process

A person normally establishes a charitable remainder trust with the intention of benefitting from the trust during his or her lifetime.  In addition to creating a trust that eventually will benefit one or more charitable organizations, the individual who establishes the trust gets the tax benefits during his lifetime.

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New Hampshire Social Workers: Common Mistakes That Could Cost You Your License

Social workers, by their very nature, are typically very caring individuals who have spent countless hours learning how to effectively help their clients grow emotionally as well as improve their challenging life situations.  However, one misstep can not only cause you to face potential action from the New Hampshire Board of Mental Health Practice (“Board”), it could also subject you to serious criminal charges.

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Some Frequently Asked Questions about New Hampshire Short Sales

During a regular sale, a buyer will make an offer that is accepted by the seller and they go into contract and proceed to closing.  With a short sale, the seller must disclose this situation.  When the potential buyer makes an offer, it is communicated to the bank and the parties must then wait for the bank’s approval before moving forward.  This additional step and the involvement of a third-party, namely the lender, makes the process considerably longer.

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Understanding Common Area Maintenance Costs in a New Hampshire Commercial Lease

CAM charges relate to the maintenance of the common area of a building, including a mixed use development, apartment building, or condominium complex.  The CAM charges may cover costs associated with the operation of common areas, including cleaning costs and repair.  Utilities that are billed for the entire building may be allocated on a pro rata basis to each tenant.  It typically is a fee that is assessed against each business tenant as part of the monthly lease payment, but it may be charged on a quarterly or annual basis.  It is important for this cost to be factored into the economic analysis of whether a specific commercial property is going to be affordable under a business plan.  Despite the fact that this is presented as a fixed cost by the landlord, there always is the possibility of negotiating the amount of the CAM.

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Tips on Choosing a Competent Estate Law Attorney in New Hampshire

Establishing an estate plan is not like an adjustable ball cap.  One size does not fit all.  Typically, out of 20 people who want to create an estate plan, not one of their plans is exactly the same.  That is why online cookie-cutter estate planning simply do not “cut it.”  You need a professional who listens and wants to understand your family and concerns – from your perspective.

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