New Hampshire Magazine September 2017

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SPECIAL ADVERTISING SECTION WEALTH IS MORE THAN ACCUMULATING ASSETS. It’s about achieving the life you wish to live. Independent wealth management. Personal attention from experienced professionals. • Business & Corporate Law • Litigation • Estate Planning • Real Estate Law • Personal Injury FTCNewEngland.com Contact Michael Costa at 603-695-4321 or mcosta@fiduciary-trust.com • Employment Law • Wills, Trusts & Estates • Intellectual Property • Insurance Law • Bankruptcy The team at Hage Hodes provides clients with a customized blend of practical advice, tax strategies, trust vehicles, and other estate planning tactics and techniques to preserve and protect personal and business interests. Our lawyers are a compassionate and dedicated team who will provide responsive, effective representation. Contact the professionals at Hage Hodes. 1855 Elm Street Manchester, NH 03104 603-668-2222 www.hagehodes.com Guide to Wills and a public record, and it governs the disposition of probate property when someone dies. A trust is a document that one creates, usually during one’s lifetime, and often receives property from probate through the will as a vehicle. A trust consists of the document that contains the instructions for how to dispose of assets in the trust, a trustee who controls those assets and a beneficiary who benefits from the assets held in the trust. Finally, there are the assets which are held in the trust itself. A trust contains directions and instructions to the trustee as to how to dispose of the property, but trusts are usually private documents that are not filed in the probate court. Also, any assets held in a trust during lifetime will usually not go through probate, as they will be governed by the terms of the trust and not the will.” Stephanie Burnham: “The biggest differences between a last will and testament and a trust is that a last will and testament must be filed at the probate court in the county which was the last residence of the person who passes away and any assets that are being distributed through the last will and testament will pass through the probate court process. This is not necessarily the case with trusts as often times the assets that are placed into trust during the lifetime of the grantor (or creator of the trust) are handled and distributed by the trustees of the trust without having to go through a court process.” Is an irrevocable trust an alternative to a will, and why should someone consider an irrevocable trust? Elise Salek: “An irrevocable trust can be an alternative to a will. However, an irrevocable trust is normally part of a more complex estate plan. For the average client who does not have an estate tax issue, an irrevocable trust is typically not necessary. When a client puts assets aside into an irrevocable trust, he or she is gifting those assets now with a goal of placing those assets beyond the reach of creditors, or because he or she is trying to avoid inclusion of the irrevocable trust assets in his or her taxable estate. An irrevocable trust is a useful planning tool, but it is not usually part of an ordinary estate plan.” In what ways does New Hampshire make estate planning easier or more accessible? Thanda Fields Brassard: “Since 2006, New Hampshire has steadily improved and modernized its trust, probate and tax laws such that New Hampshire is truly one of the best states in the nation to set up a trust, or if you live in New Hampshire, to have an estate plan. Many of New Hampshire’s trust and tax laws are reasonable, practical, carefully thought out and well-crafted by the legislature with input from the local Bar 42 nhmagazine.com | September 2017
Estate Planning Associations and other interest groups.” Christopher Paul: “The New Hampshire Qualified Distributions in Trust Act continues to lead the nation in self-settled asset protection and the Trust Code continues to evolve, providing for non-contest clauses, “silent trusts” and “directed trust” architecture to enhance flexibility and management options. A person can now have her will or trust “proved” prior to death to help avoid post death will or trust contests. New Hampshire recently expanded provisions in its “waiver of probate” statute to expand opportunities for residents to use a truncated probate process and recently the New Hampshire Supreme Court for the first time recognized post-nuptial agreements. The landscape continues to change, but that should not mean that a person without a plan should wait.” Elise Salek: “New Hampshire’s Trust Code makes our state a very favorable place for establishing and administering an estate plan. New Hampshire’s laws honor the intent of the grantor/ testator, which allows estate planning documents to be interpreted to accomplish the grantor/testator’s intent. In addition, the New Hampshire Trust Code allows for decanting, which gives greater flexibility to the administration of existing trusts, even trusts that have already become irrevocable. You do not need to be a New Hampshire resident to have a New Hampshire trust. Our state is therefore accessible to non-residents who otherwise meet the criteria for establishing a New Hampshire trust. Over the past several years, many out-of-state residents have established New Hampshire trusts to take advantage of our very flexible trust laws. This trend is likely to continue.” Jeanne Saffan: “Regarding accessibility, in addition to online resources, the New Hampshire Bar Association provides a lawyer referral service to the public and, in most cases, can identify local estate planning attorneys to individuals desiring to do estate planning. Second, with regard to the evolution of New Hampshire’s trust laws, trusts have long been used as a common estate planning tool to provide for the management of one’s assets during life and the transfer one’s wealth after death, in accordance with one’s wishes and outside of the probate process. The last 10 years has seen significant changes in New Hampshire trust laws that provide trusts administered in New Hampshire advantages over trusts administered elsewhere. Some of those advantages include the ability to settle disputes among beneficiaries and clarify the terms of trusts through use of non-judicial settlement agreements that avoid court participation; the ability of trustees of irrevocable trusts to “decant” assets of an old McLane Middleton is one of New England’s premier law firms for representing individuals and families in protecting and preserving wealth. Our experienced trusts and estates attorneys will work with you to formulate and implement long-term strategies for wealth preservation. McLane.com Protecting Your Assets New Hampshire: Manchester | Concord | Portsmouth Massachusetts: Woburn | Boston SPECIAL ADVERTISING SECTION ESTATE PLANNING AND WEALTH MANAGEMENT GROUP Through comprehensive estate planning and interaction with our clients’ financial advisors, our attorneys identify needs and implement flexible strategies designed to fulfill our clients’ objectives for: • Estate Planning • Wills • Trusts DOUGLAS S. HATFIELD Concord 603.224.7791 • Estate Administration • Trust Administration • Family Business Transfers JEANNE S. SAFFAN law@uptonhatfield.com Hillsborough 603.464.5578 PETER W. LEBERMAN Portsmouth 603.436.7046 www.uptonhatfield.com nhmagazine.com | September 2017 43
Page 1 and 2: magazine September 2017 $4.99 nhmag
Page 3 and 4: You have a CHOICE High Quality, Low
Page 5 and 6: Contents September 2017 48 56 66 fr
Page 7 and 8: TAMWORTH GARDEN WHITE MOUNTAIN GIN
Page 9 and 10: Practice time. Show time. College s
Page 11 and 12: ALEMBIKA embraces femininity and fl
Page 13 and 14: Events 14 Our Town 16 Retail 20 Foo
Page 15 and 16: LOCAL FARMS 603 NAVIGATOR photo by
Page 17 and 18: EVENTS 603 NAVIGATOR Not too hot, n
Page 19 and 20: Historic Theater: 28 Chestnut Stree
Page 21 and 22: OUR TOWN 603 NAVIGATOR photos by st
Page 23 and 24: INDEPENDENCE TRANSFORMED Don’t mi
Page 25 and 26: photo by liz davenport or a fresh t
Page 27 and 28: for the 2017 Manchester Go Red For
Page 29 and 30: Care for the journey of life. Count
Page 31 and 32: OUTSIDER learn about the special to
Page 33 and 34: Politics 34 Artisan 35 Blips 36 Rev
Page 35 and 36: COMMUNITY 603 INFORMER days” (day
Page 37 and 38: ARTISAN 603 INFORMER “Escape Velo
Page 39 and 40: 603 INFORMER Review (Stuff worthy o
Page 41 and 42: FIRST PERSON 603 INFORMER illustrat
Page 43: SPECIAL ADVERTISING SECTION New Ham
Page 47: FOLLOW into a new season NEW SEASON
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Page 52 and 53: ’m totally new to contra dance,
Page 54 and 55: self. Like in a Jane Austen story,
Page 56 and 57: or went back home, they often took
Page 58 and 59: BUILD YOUR BEST YOU The path to sel
Page 60 and 61: Be More Mindful Jim Readey was once
Page 62 and 63: Eat Right Continued from page 59 Ti
Page 64 and 65: Photos by Bruce Luetters 62 nhmagaz
Page 66 and 67: Shape Up Co-owner and CEO Lisa Mari
Page 68 and 69: The Many Souls of Francestown There
Page 70 and 71: eople in Francestown wield proud an
Page 72 and 73: The Francestown Town Office Buildin
Page 74 and 75: enchanted with their adopted town.
Page 76 and 77: The original Francestown Town Hall
Page 78 and 79: 603 Living “The home should be th
Page 80 and 81: 603 LIVING HOME Block-print organic
Page 82 and 83: 603 LIVING HEALTH Beauty and Medici
Page 84 and 85: 603 LIVING HEALTH including the abd
Page 86 and 87: 603 LIVING SENIORITY Senior Legisla
Page 88 and 89: 603 LIVING LOCAL DISH The Spice is
Page 90 and 91: 603 LIVING EVENTS Calendar OUR FAVO
Page 92 and 93: 603 LIVING EVENTS 9/22-12/6 Robert
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603 LIVING DINE OUT Good Eats OUR G
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603 LIVING DINE OUT SEACOAST 7th Se
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603 LIVING illustration by brad fit
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New Hampshire Magazine September 2017

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