LAWYER JOKE

A man walked into a lawyer’s office and asked about the fee.

The lawyer responded, “It’s $100 for 3 questions.” 

“Isn’t that a lot?” asked the man. 

“Yes,” responded the lawyer….and what’s your third question?”

Lady Bird Deed Has Soared into Vermont Statutes

An Enhanced Life Estate Deed (ELED), sometimes referred to as a “Life Estate Deed with Reserved Powers,” “Lady Bird Deed,” “Medicaid Deed,” or “Italian Deed,” graduated from Vermont’s common law into Title 27 of the Vermont Statutes when Governor Phil Scott signed the Vermont Enhanced Life Estate Deed Act into law...

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LAWYER JOKE

Q: What do you call healthy lawyers voluntarily self-isolating in the future?

A: Alternate reality.

INDOOR SCAVENGER HUNT-ESTATE EDITION

There’s no debating that we are living through unprecedented and challenging times right now.  While many are combating this pandemic on the front lines, many more of us are following the “stay home, stay safer” model prescribed by our leaders.  And staying home may be on our agenda for longer than originally...

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COVID-19 OFFICE UPDATE

DUE TO THE COVID-19 PANDEMIC, WE HAVE TEMPORARILY CLOSED OUR PHYSICAL OFFICE.   WE WILL CONTINUE TO MONITOR EMAILS, ANSWER THE MAIN OFFICE TELEPHONE, AND RETRIEVE TELEPHONE MESSAGES AS WE STRIVE TO MEET THE NEEDS OF OUR CLIENTS FROM OUR REMOTE OFFICES.  OUR ATTORNEYS ALSO HAVE THE CAPABILITIES TO MEET WITH EXISTING...
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Tip/News: New Numbers for 2020

Estate/transfer tax Vermont estate tax exclusion: $4,250,000 Federal estate and lifetime gift tax threshold: $11,580,000 Federal gift tax exclusion (annual): $15,000 [no change from 2019] Vermont Medicaid Community Spouse Resource Allowance: $128,640 Home Equity Limit (singles): $595,000

The SECURE Act: Glass Half Full?

There is no doubt that the SECURE Act of 2019, signed into law on December 20, 2019, as part of the spending package, revolutionizes  the treatment of many retirement benefits, particularly in the area of required withdrawals for the plan-owner’s beneficiary.  But, should you panic?  Well, that may depend upon whether you...

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Wills: Not As Powerful As You Think

Without question, the most common misunderstanding about a Will is that it avoids probate.  THIS IS FALSE.  It’s almost the same as believing the bank will accept your Monopoly money.

 Imagine this: your uncle passes, and you are named Executor in his Will.  Can you take a copy of...

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Tip / News: Estate Tax

Vermont remains one of about a dozen states that imposes a state estate tax.  However, during the summer, Governor Scott signed Act No. 71, raising Vermont’s exclusion amount to $4,250,000 in 2020 and $5,000,000 in 2021.