While we understand it can be tempting for people to write their own estate plan documents, this simply isn’t enough to make sure your assets and properties are distributed according to your final wishes.
In this blog post, we will be going over why an estate planning attorney is necessary for making sure your final wishes are respected and held up in probate court.
An estate planning lawyer is able to offer the following services:
Last will and testament
Have you ever wondered who facilitates transactions (buying and selling) in the real estate sector? Or what factors account for massive increase or growth witnessed in this sector? Maybe you are interested in a job in the housing sector and don’t know which one is best for you?
The real estate sector has witnessed a steady increase in recent years, with more people taking an interest and risk to invest in one real property or another. This increase or growth has motivated the increase in...
Recent data shows that roughly 57 percent of Americans do not have a will. Also, about 69 percent of parents with children under 18 do not have a will. Even though Americans understand what a will is and why it's important, these figures show that most Americans simply don't follow through. Simply put, they know a will is important, but they don't have one.
Obviously, a will is not mandatory. You can get away without a will, but the assets will go into probate, which can further complicate the...
People are really attracted to becoming a real estate agent because of the freedom and income they can make from real estate. Owning a success real estate business can be rewarding on a variety of levels. Whether buying land, acquiring a new residence or purchasing a commercial facility, realtors play an important function in arranging the smooth transfer of property from the seller to the buyer. Helping families and businesses find the ideal home or facility provides a vital service that can...
Andrew Carnegie, a billionaire industrialist once said that “Ninety percent of all millionaires become so through owning real estate.” And this one line particularly sums up what importance real estate entails as a whole.Real estate is a numbers game. And in between the gamble of investors’ swing moods, and the various dominants that drive the market, there is a real estate agent, the chief make-it-happen officer who juggles with a myriad of tasks, responsibilities and ensures...
The need for hiring legal counsel is obvious in cases of divorce, DUI and criminal proceedings, however few people even consider hiring a lawyer when buying or selling real estate. In an ideal situation, buying or selling a home would be a simple, straightforward process. However, we do not live in an ideal situation and far from being a simple process, due to major legal and regulatory changes in recent years, real estate has become a very complex area of the law. Not only do federal and state...
One of the most commonly asked questions relating to estate planning is “What is real estate planning and why should you be thinking about doing yours?” Real estate planning is the collection of preparation tasks that serve to manage an individual’s asset base in the event of their incapacitation or death. This includes the bequest of assets to heirs and the settlement of estate taxes. These should preferably be done with the help of an attorney experienced in estate...
An estate planning attorney specializes in providing legal counsel to his clients in order to help them get their affairs in order and prepare for the misfortunate event of a mental disability or death. Most estate planning attorneys have years of experience and they continue their legal education in order to understand the needs of their clients better.
The job of an estate planning attorney is not limited to just making a will or testament. It may include the following:
Oftentimes it is very difficult to think about let alone, plan for what happens after death. It is often assumed that not having many assets means that your estate is straightforward and you don’t need a plan. Almost 50 percent of adults don’t have an estate plan because they don’t understand its purpose or often think they don’t need one. Estate Planning enables you to create a roadmap for your future. It provides you with clear direction on how you want your affairs...
Most people can get advantage by having an estate plan. An estate plan maximizes the actual value of the assets that you want to pass on to your beneficiaries, heirs or anyone you wish to. An estate plan also gives you a a chance to settle on selected options of your choice concerning how your advantages ought to be taken care of while you are alive.
Many people in the process of estate planning often make a few mistakes at one point or the other. Experienced estate planners in the market see...
To get advice on how best to plan your estate so that your money goes exactly where you want it to after you are gone, speak to Estate Planning Attorneys at Denver Estate Tax Planning. They can simplify trusts and estate planning in Denver and surrounding areas, in addition to offices in Vail/Edwards, Colorado, so that you clearly understand the process and take the stress out of estate planning. Using an Estate Planning Attorney will ensure your funds are protected, and that in the event of...
Your vacation period is close and you're excited. You can't wait to make that trip you have been thinking all year long. As you count the days, suddenly frustration jumps in. You have hardly thought about what you are going to do. Yes, you would like to go shopping, go to some fine dining place, visit a museum or some prominent city areas.As D-day closes in, you realize not only do you know little about the city, but you do not yet have a plan or a to do list, A good city guide might make...
Planning is a primary necessity for success in all domains. It is thus very important for entrepreneurs who aim for success in their business. Nevertheless, it is not just a question of planning in a haphazard manner but doing this in a strategic way which reduces all risks of failure in the business. So understanding the processes of a strategic and financial planning should be the interest of every entrepreneur. Before moving on it is essential to look at the importance of planning.
Planning for the days after retirement with your spouse is always great, but have you ever thought what will happen if anyone of you suddenly becomes single. The death of your spouse after retirement often causes a sharp fall in the total income although the expenses do not drop much, posing severe financial challenges to the surviving one. Therefore, it’s better to consider such unfortunate circumstances in advance and shape the tax strategies for retirement in such a way so that both of...
Personal financial planning is not a new concept. We all plan our finances in some way or the other for different stages of our lives to meet our financial requirements at those respective stages. The most common objective of all of us is to ensure that the money we save for securing the financial future of ourselves as well as our loved ones keeps growing consistently.
Financial planning is just about arranging for finances to ensure that you have enough funds in place to meet our short,...
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