Martin, Lord & Osman P.A.
Call Today For A Consultation 603-524-4121
contact Menu

Martin, Lord & Osman, P.A. Your Law Firm For Life

New Hampshire Law Blog

Estate planning can start with informal steps

People can feel the need to create an estate plan for many reasons. You may have experienced a sudden life event, such as having a baby, that presented the need for an estate plan, or you may have been thinking about creating a plan for some time and have finally decided to move forward with the process. Whatever the reason, deciding to take planning steps is a smart move.

Though you know the time is right to create your plan, you may still not feel confident in how to get started. This feeling is understandable because getting your final affairs in order is certainly a daunting task. Fortunately, you can obtain help throughout the process to ensure that you include everything you need in your plan.

Summer road rage can carry into cooler months

Summertime comes with heat, humidity and hot feelings, especially while in traffic. Road rage is commonplace when temperatures rise, but it can carry into autumn and beyond. Acting in this manner can lead to aggressive driving, motor vehicle accidents, injuries, fatalities and personal injury claims.

While cities and states with higher levels of traffic and congested drivers ranked the highest in Gas Buddy’s study of which U.S. states had the most aggressive drivers, that doesn’t mean it doesn’t happen in New Hampshire. The study cited California as the state with the most aggressive and road-rage-ridden drivers who took part in an “aggressive driving incident” every 6.6 miles. The study also revealed hard breaking to be the No. 1 most aggressive driving event.

The most common reasons people fail to make an estate plan

If you have an estate plan, you are in the minority. Most people across the country, including many here in New Hampshire, don't have one. If you fall into this category, you risk letting the state decide what happens to your assets after you die.

There is another significant risk if you have not created an estate plan. If you become unable to make decisions for yourself regarding your health care or finances due to an injury or illness, your family will need to go to court in order to help you through this rough time -- even if it's temporary.

An overview of civil litigation

If you are involved in a dispute with someone else, you may find the situation becoming more frustrating and time consuming. When such a dispute involves your business, it can mean diverting valuable time and resources to the issue with no end in sight. However, even if the matter is personal, you may find yourself taking time away from your job and family while you protect your rights.

One way to resolve such a situation is through civil litigation. Taking this step is appropriate when the dispute is costing you money or preventing you from exercising your rights. It is different from a criminal trial because the results will not include criminal penalties, such as jail. Instead, you are looking for a legal decision that will compensate you for your loss and clarify your rights. Civil litigation can be complex and challenging, but it may be the surest way to reach a resolution.

What to consider if you have real estate in more than one state

Many families in New Hampshire have more than one place they call home. Some have a beach house in Florida, others have a cabin in the north they like to visit during the summer. These retreats hold many memories for the property owners, and soon they will have to decide who will make new memories there in the future.

Out-of-state real estate is one of the more complicated assets to include in your estate planning. Most of your will or trust revolves around what you have in your home state and city, so this means your heirs will have to deal with ancillary probate, an additional process that can lead to additional taxes and court fees. There are strategies to work around this, but you may want to think about the following factors first:

Who should I choose as my agent in a durable power of attorney?

If you have decided that a durable financial power of attorney makes sense for your situation, you must decide who to choose as your agent. Your agent is the alternate decision-maker that you name in your power of attorney document. This trusted person will be responsible for helping you manage your financial affairs.

Financial affairs can be sensitive, and due to your agent’s involvement in these affairs, the potential for financial abuse exists. This type of abuse usually involves an agent misusing the principal’s money for personal gain. The potential for financial abuse may seem intimidating, but you can minimize the risk of that occurring if you use care and good judgement when selecting your agent.

When is the right time to seek guardianship for a parent?

As your parents age, you may find yourself taking over more and more responsibilities. It may start with checking in with your parents more frequently or taking over yard work. However, as your parents age, you might begin to wonder if a parent may need more substantial help.

Maybe your mom had no food in her kitchen when you last visited. Perhaps the power was recently cut off at your dad’s house. If you noticed something potentially serious, it might be worth considering if your parent needs a guardian.

3 Common mistakes made by startup companies

Running your own business may feel like the ultimate dream. After all, you’re working towards something you’re passionate about and you get to be your own boss. What’s not to like?

Unfortunately, many ambitious entrepreneurs start a business without an idea of what it’s going to take to maintain momentum. Because of that, they soon start making mistakes like these:

Five qualities to look for in a business partner

Finding the right business partner is similar to dating; you may have to try several different options until you meet the right person for you. Unfortunately, there isn’t a Tinder app for business partners.

You have to know what you are looking for and what a partner could contribute to your company. Once you know what qualities you want, you narrow down the selection pool for a partner and find the perfect match.

Laconia Office
The Busiel Mill
One Mill Plaza
Laconia, NH 03246

Phone: 603-524-4121
Fax: 603-528-3635
Map & Directions

Lancaster Office
40 Canal Street
Lancaster, NH 03584

Phone: 603-788-2410
Map & Directions

Lebanon Office
59 North Park Street
Lebanon, NH 03766

Phone: 603-448-3080
Map & Directions

Wolfeboro Office
18 Union Street
Wolfeboro, NH 03894

Phone: 603-569-2977
Map & Directions