It was recently reported by CBS News that Aretha Franklin passed away, without any Will regarding her nearly $80 million estate. Therefore, the State of Michigan will be deciding the distribution of her assets rather than she. Unfortunately, this is too often the headline in the paper, yet the rest of us go on with… Read more »
Airbnb In Maine: A patchwork of regulation
Maine is renowned as a summer tourism destination. In Portland, my hometown, even the “budget” hotels can cost over $300/night during the peak season. Given the shortage of rooms, and high prices, it’s no surprise that vacationers have looked to other options to shack up. Enter Airbnb. Founded in 2008, Airbnb is a platform on… Read more »
What should I do if charged with a Maine OUI?
In Maine, drunk driving is called operating under the influence, or OUI for short. An OUI conviction can result in jail time, fines, and a license suspension. Your license will likely be suspended by the Maine Bureau of Motor Vehicles before you even go to court. If you are arrested for OUI, there are five… Read more »
What do the new amendments to Maine’s Marijuana Legalization Act mean for employers?
By citizen’s initiative, Maine voters approved the Marijuana Legalization Act in November 2016. As originally enacted, the law prohibited employers from refusing to hire or penalizing applicants or employees for off-site marijuana use. In 2018, the Maine Legislature passed L.D. 1719, “An Act to Implement a Regulatory Structure for Adult Use Marijuana.” The Governor vetoed… Read more »
Don’t let the tail of the increased federal exemption wag the estate planning dog
On December 22, 2017 the President signed the TAX CUT AND JOBS ACT (The “Act”) that became effective January 1, 2018. For estate tax purposes and for estate tax planning purposes, the Act essentially doubled the federal estate, gift, and generation-skipping transfer tax exemptions through the end of 2025. This means that as of January… Read more »
Maine’s bountiful seaweed. Who owns it?
A recent Maine case, Ross v. Acadian Seaplants, has made national news. The subject of this legal battle? Ownership of seaweed. Acadian Seaplants, Ltd., a Nova Scotian company, has appealed from a decision of a justice of the Maine Superior Court, which ruled in favor of two property owners that own waterfront property in Washington… Read more »
What are the penalties for drunk driving in Maine?
In Maine, drunk driving is called “operating under the influence,” or “OUI.” A person commits OUI if the person operates a motor vehicle while under the influence of intoxicants, or while having a blood-alcohol level of .08 grams or more of alcohol per 100 milliliters of blood or 210 liters of breath. The Maine Supreme… Read more »
Valuation of businesses in divorce: personal goodwill and enterprise goodwill
A business’s goodwill consists of its “reputation, patronage, and other intangible assets that are considered when appraising the business.” Black’s Law Dictionary 703 (7th ed. 1999). Under Maine law, enterprise goodwill is quantifiable property subject to equitable distribution by the court. Ahern v. Ahern, 2008 ME 1, ¶ 14, 938 A.2d 35. Personal goodwill, in contrast, “is… Read more »
New federal law targets elder abuse and exploitation
According to a report by Rhonda McMillion, an editor of the ABA (American Bar Association) Washington Letter, a publication of the ABA Governmental Affairs Office, a new federal law championed by the ABA will fight elder abuse and exploitation. The report, which appeared in the December 2017 issue of the ABA Journal, notes the following:… Read more »
Commericial property valuations in divorce litigation
Commercial property valuation is a more complicated and much more expensive process than appraising residential real estate. Depending on the type of property, commercial appraisals can run between $2,500 to $15,000. The cost will vary based on the size, nature, and complexity of the property involved. Like residential appraisers, commercial appraisers follow standards set forth… Read more »