The business Law, Estate Planning and Estates Podcast

Episode Summary: In this episode of The Business Law, Estate Planning, and Probate Podcast, attorney Thomas LaPorte joins host Lisa Mosbey to delve into the crucial aspects of powers of attorney and healthcare directives. With over 30 years of experience, Tom explains how these documents are integral to estate planning in New Hampshire and Massachusetts. The discussion covers the differences between general and springing durable po...

Episode Summary: Attorney Thomas LaPorte shares insights on safeguarding personal assets from business liabilities. He emphasizes key steps like maintaining separate business accounts and using correct signatures to establish legal separation. Thomas also highlights the importance of proper insurance coverage to shield personal assets in case of disputes or accidents, offering actionable advice for business owners.

Key Timestamps: ...

Episode Summary:  Attorney Thomas LaPorte explains the differences between buy-sell and cross-purchase agreements, detailing how these tools help business owners plan for ownership transitions in various scenarios. From defining the agreements to discussing funding options and tax implications, this episode offers valuable insights for business planning.

Key Timestamps: 00:01 – Introduction & welcome with host Lisa M...

Episode Summary:

In this episode, Thomas LaPorte delves into the significance of LLC operating agreements for safeguarding businesses from disputes and liabilities. He explains the key elements that every operating agreement should include, such as voting rules, job responsibilities, capital contributions, transfer restrictions, and mechanisms to address unforeseen events like departures, deaths, divorces, and disabilities.

Key Tim...

Episode Summary:

Attorney Thomas LaPorte dives into the world of trusts, explaining their crucial role in estate planning. Discover the differences between revocable and irrevocable trusts, and how they can help you avoid probate hassles while securing your assets for the future.

Key Timestamps:

00:00 – Intro: Business Law, Estate Planning, and Estates podcast

00:20 – Episode overview: Understanding trusts

00:55 –...

Episode Summary:

In this episode of *The Business Law, Estate Planning, and Estates Podcast* Thomas LaPorte discusses key Medicaid rules in New Hampshire and Massachusetts regarding long-term care planning. He emphasizes the financial and medical eligibility criteria, the impact of home ownership on long-term care planning, asset transfer considerations, and the role of trusts in achieving long-term care goals. Thomas also advises ...

Episode Summary:

In this episode, Thomas LaPorte shares crucial insights for business owners preparing to buy or sell a business in New Hampshire and Massachusetts. He emphasizes the importance of distinguishing between buying assets and stock, conducting due diligence on financial statements, tax liabilities, contracts, and employee agreements. Thomas also highlights key considerations such as lease assignability, vendor contracts...

Episode Summary:

In this episode of *The Business Law, Estate Planning, and Estates Podcast* Attorney Thomas LaPorte shares valuable insights on the importance of understanding contract terms for small businesses. He emphasizes the critical details that small business owners often overlook and discusses why these details matter more than people think. From payment guarantees to dispute resolution clauses, Thomas provides expert gui...

Episode Summary:

Attorney Thomas LaPorte discusses the legal challenges faced by businesses in the Seacoast region, covering wage and hour laws, employee leave requirements, and the importance of understanding state and federal labor regulations. He also delves into the significance of contract terms, intellectual property rights, and employee classification issues, offering valuable insights for businesses operating across multipl...

Episode Summary: In this episode of the Business Law, Estate Planning and Estates Podcast, Thomas LaPorte discusses how business owners can ensure a smooth transition when stepping away from their company. With more than 25 years of experience guiding entrepreneurs and families through complex business and estate planning matters, Thomas explains the key elements of a succession plan—from identifying future leadership to stru...

Episode Summary: In this episode of the Business Law, Estate Planning and Estates Podcast, Thomas LaPorte explains the essential legal and practical steps every new business owner should take when launching a company. Drawing from more than 25 years of experience advising entrepreneurs, families, and business owners, Thomas discusses how to choose the right business structure, minimize risk, create clear partnership agreements, and...

Episode Summary:  

In this essential episode, Thomas Laporte breaks down the probate process, explains why it often becomes lengthy and expensive, and reveals how proper estate planning—especially trusts—can streamline or even bypass much of the complexity for families.  

Key Timestamps:  

00:01 - Show Introduction  

00:25 - Guest Introduction  

00:53 - What Is Probate ...

Episode Summary

In this episode, Thomas LaPorte of LaPorte Law Group breaks down one of the most common questions in estate planning — what’s the difference between a will and a trust, and which one is right for you? With more than 30 years of experience in estate planning, business law, and probate, Thomas explains how each tool works, when to use them, and how they can protect your loved ones and assets. He also discu...