LIVING TRUSTS AND ESTATE PLANNING IN MAINE

The need for appraisals for estate and probate purposes is expected to increase in the state of Maine. Estimates of the billions of dollars to be inherited by baby boomers are regularly featured in newspapers and the financial press.  Much of those assets are in real estate. With the recent popularity of living trusts, and sophisticated tax avoidance methods for affluent individuals, appraisals in the state of Maine are needed both for tax planning purposes prior to a property owner's death, and for settling an estate after death. To learn more about when to start the planning process, click here for some guidelines. 

WHEN IS AN APPRAISAL NEEDED FOR ESTATE PLANNING?

  • Sale to a relative
  • Partitioning an estate among the heirs or beneficiaries
  • Sale to a non-relative
  • Prior to listing the home for sale
  • Partial interest (typically income property)
  • Federal or state estate tax returns
  • Gifts and gift trusts
  • Determining the basis for capital gains tax

WHO NEEDS THE APPRAISAL?

  • Attorneys
  • Accountants and enrolled agents
  • Gift trusts
  • Executors and administrators
  • Trustees

NEED MORE INFORMATION ?

We can discuss your needs and answer most questions you might have.  If you are not already working with an attorney, we can refer you to several local attorneys whom we have well established relationships.  
    Please submit this short form.  We will contact you within one business day.  We look forward to working with you.