If you need a lawyer in Londonderry, NH who will look out for you, return your phone calls, consider your financial circumstances, and treat you with respect in the Londonderry, Derry and Salem, NH areas. You have nothing to lose!
Scott & Scott, P.A. is a general practice law firm with emphasis in all areas of law except for: divorce, criminal law, family law, employment law, probate litigation, securities, tax law, and intellectual law (patents and copyrights). 603-434-3426
You’re wise to be thinking about estate planning now -- your family will benefit greatly from your foresight! Although you know the value of estate planning, it’s hard to know where to begin. You may not know all of the options available to you, or be aware of the various laws governing estate planning in Londonderry, Derry or Salem.
Wills
Wills and trusts are common ways in which you may dispose of your wealth. Trusts, unlike wills, have the benefit of avoiding probate, a lengthy and costly legal process that oversees the transfer of assets. Sometimes, though, it will be useful to make gifts while you are alive in order to minimize taxes. The Federal Gift Tax exempts certain levels of lifetime gifts.
Are legal proceedings that are available to a person to cope with a financial crisis. One of the main purposes of bankruptcy legislation is to afford the opportunity to a person, who is hopelessly burdened with debt, to free himself of the debt and start fresh with a new lease on life.
Tax Law
Estate planning is the process by which you or your family arrange the transfer of assets in anticipation of death. An estate plan aims to preserve the maximum amount of wealth possible for your intended beneficiaries and flexibility for you prior to death. A major concern for drafters of estate plans is federal and state tax law.