Start here when you need authoritative and clear guidance on Maine estate planning topics, both common and complex. The chapters of A Practical Guide to Estate Planning in Maine were selected especially to address issues encountered in planning, drafting and responding to clients' needs. The authors and editors were carefully selected from a spectrum of private practices from Auburn to Waterville and Portland to Norway, to bring you their best practices, caveats, and explanations of some of the most complex concepts in estate planning law in the State of Maine.Tested Guidance - on Topics from Marital Deduction Planning to Gift Taxes to Lifetime Asset Transfers and Life Insurance Planning
Table of Contents
Chapter 01 - Practical Steps in Handling an Estate Planning MatterKenleigh A. Nicoletta, Esq.,
R. M. Davis Private Wealth Management
Checklist 1.1 - Checklist of Topics to Cover at the Initial Meeting with an Estate Planning Client in Maine
Exhibit 1A - Sample Estate Planning Questionnaire
Exhibit 1B - Sample Correspondence
Chapter 02 - Estate, Gift, and Generation-Skipping Transfer Taxes
Sarah B. Coburn,
Sarah Coburn Law
Chapter 03 - Fundamental Testamentary and Trust Planning
Marianna W. Putnam Liddell, Esq.,
Pierce Atwood LLP
Checklist 3.1 - Checklist of Red Flags When Drafting a Maine Estate Plan
Exhibit 3A - Sample Simple Will
Exhibit 3B - Sample Pour-Over Will
Exhibit 3C - Sample Revocable Trust
Chapter 04 - Flexible Marital Deduction Planning and Drafting Techniques
Jeffrey W. Jones,
Jones, Kuriloff & Sargent, LLC
Timothy W. Stanley, Esq.,
Jones, Kuriloff & Sargent LLC
Chapter 05 - Lifetime Asset Transfers
Jennifer L. Kruszewski, Esq.,
Epstein & O'Donovan LLP
Exhibit 5A - Section 2503(c) Trust
Exhibit 5B - Sample Crummey Trust
Chapter 06 - Charitable Giving Outright and in Trust
Philip C. Hunt, Esq.,
Perkins Thompson PA
Exhibit 6A - IRS Revenue Procedures Issuing Sample CRT Forms
Chapter 07 - Life Insurance and Estate Planning
Lauren B. Weliver, Esq.,
Weliver Law PLLC
Exhibit 7A - Unilateral Buyout Agreement
Exhibit 7B - Split-Dollar Insurance Agreement
Exhibit 7C - Crummey Instructions and Notice
Chapter 08 - Advance Medical Directives: Living Wills, Durable Powers of Attorney, and Other Health-Care Directives
Elizabeth Marcotte Bjorn, Esq.,
Epstein & O'Donovan LLP
Miles C. Hunt, Esq.,
Epstein & O'Donovan LLP
Exhibit 8A - Sample Advance Health-Care Directive (Maine Hospital Association)
Chapter 09 - Estate Planning for Retirement Benefits
Hon. Stephen D. Nelson,
Maine Superior Court
Exhibit 9A - Uniform Lifetime Table and IRA Required Minimum Distribution Worksheet
Exhibit 9B - Sample Basic Beneficiary Designation
Exhibit 9C - Single Life Table
Chapter 10 - Basic Strategies to Preserve and Protect the Family Business
Timothy P. Benoit, Esq.,
Perkins Thompson PA
Chapter 11 - MaineCare and Creditor Protection Trusts
Jennifer L. Frank, Esq.,
Nelson-Reade Law Office
Chapter 12 - Marital Agreements
Abigail King Diggins,
LeBlanc Diggins
Checklist 12.1 - Checklist for Testing the Enforceability of a Maine Premarital Agreement
Exhibit 12A - Premarital Agreement
Exhibit 12B - Postnuptial Agreement
Exhibit 12C - Joint Declaration
Exhibit 12D - Affidavits
Chapter 13 - Estate Planning for Nontraditional Families
Kate L. Geoffroy, Esq.,
Nelson-Reade Law Office, PC
Exhibit 13A - Summary of Key Revisions to the Social Security POMS Concerning Windsor and Obergefell Decisions
Chapter 14 - Planning for Incapacity
Elizabeth Marcotte Bjorn, Esq.,
Epstein & O'Donovan LLP
Miles C. Hunt, Esq.,
Epstein & O'Donovan LLP
Tracy M. Nale Sewall, Esq.,
Nale and Nale Law Offices
Exhibit 14A - Language Defining Incapacity
Exhibit 14B - Durable General Power of Attorney
Exhibit 14C - Sample Revocation of Durable Power of Attorney
Exhibit 14D - Additional Resources
Chapter 15 - Estate Planning for Same-Sex Couples: Selected Issues
Martha Fox, Esq.,
Preti Flaherty Beliveau & Pachios LLP
Chapter 16 - Postmortem Estate Planning
Philip C. Hunt, Esq.,
Perkins Thompson PA
Checklist 16.1 - Checklist for Disclaimers
Exhibit 16A - Disclaimer of Survivorship Interest in Joint Property and of Powers as Beneficiary and Trustee of Trust
Exhibit 16B - Disclaimer of an Interest in Real Estate
Authors
Editor(s)Philip C. Hunt, Esq.,
Perkins Thompson PA, Portland
Author(s)
Timothy P. Benoit, Esq.,
Perkins Thompson PA, Portland
Elizabeth Marcotte Bjorn, Esq.,
Epstein & O'Donovan LLP, Portland
Sarah B. Coburn,
Sarah Coburn Law, Portland
Abigail King Diggins,
LeBlanc Diggins, Falmouth
Martha Fox, Esq.,
Preti Flaherty Beliveau & Pachios LLP, Portland
Jennifer L. Frank, Esq.,
Nelson-Reade Law Office , Portland
Kate L. Geoffroy, Esq.,
Nelson-Reade Law Office, PC, Portland
Miles C. Hunt, Esq.,
Epstein & O'Donovan LLP, Portland
Philip C. Hunt, Esq.,
Perkins Thompson PA, Portland
Jeffrey W. Jones,
Jones, Kuriloff & Sargent, LLC, Ellsworth
Jennifer L. Kruszewski, Esq.,
Epstein & O'Donovan LLP, Portland
Marianna W. Putnam Liddell, Esq.,
Pierce Atwood LLP, Portland
Tracy M. Nale Sewall, Esq.,
Nale and Nale Law Offices, Waterville
Hon. Stephen D. Nelson,
Maine Superior Court, Caribou
Kenleigh A. Nicoletta, Esq.,
R. M. Davis Private Wealth Management, Portland
Timothy W. Stanley, Esq.,
Jones, Kuriloff & Sargent LLC, Ellsworth
Lauren B. Weliver, Esq.,
Weliver Law PLLC, Falmouth
