Maine Destruction Clause Long Form

State:
Multi-State
Control #:
US-OL11024B
Format:
Word; 
PDF
Instant download

Description

This office lease clause is the long form for dealing with the destruction of the premises and the conditions and obligations of the landlord to restore and accommodate the tenants.

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FAQ

Listed below are some of the non-probate assets available in Maine. Any property in a living trust. Life insurance policies. 401(k)s, IRAs, other retirement accounts. Securities in transfer-on-death accounts. Pay-on-death bank accounts. Joint tenancy real property.

Unlike the laws of some states, under Maine's intestacy law, your entire probate estate does not pass automatically to your surviving spouse. The share of your probate estate that your surviving spouse will receive depends on whether you leave surviving parents or ?issue?.

In Maine, you can make a living trust to avoid probate for virtually any asset you own?real estate, bank accounts, vehicles, and so on. You need to create a trust document (it's similar to a will), naming someone to take over as trustee after your death (called a successor trustee).

No. Certain kinds of property can be passed without going through probate. Property owned with a ?Right of Survivorship? automatically transfers to the joint owner at death and that person owns the property fully. Property can also pass through a Trust established during the decedent's lifetime.

In Maine, if an estate is worth no more than $40,000, it is considered a ?small estate.? Small estates can be wrapped up quickly by filing a document called a ?Small Estate Affidavit.? This is usually a simple process, but there are some legal steps that must be taken before you can wrap up a small estate.

This is sometimes known as the ?Romeo and Juliet? law and it states that if a person is less than five years older than a sexual partner aged 14 or 15, consensual sexual activity is lawful. So, a 19-year-old boy male engaging in consensual sexual activity with a 15-year-old girl is not liable for prosecution.

How long does a company have to settle my claim? Once you have supplied the insurer with proof of your loss, the insurer generally has thirty days to either pay or dispute your claim.

If you own very little property when you die, the PR can most likely give it to the people you name in your Will without going to probate court. If you own a good amount of property, the PR sends the original Will to the probate court. They ask to be ?appointed? by the court as PR.

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Maine Destruction Clause Long Form