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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...
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: Draft living...
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...
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...
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...
When we talk of real estate or real property, we are referring to land and building on it together with all the natural resources like water, minerals, farmed crops, uncultivated flora and fauna. This is a sector in the economy known as real estate business where there is selling, buying, or renting of land, buildings or housing. Based on it use, real estate can be broken down into three broad categories; residential, industrial and commercial real estate. Residential real estate include...
Educating children is one of the most important functions of any society. That is why, there is a area of law solely dedicated to education, called Education Law. It is the area of law that concerns schools, teachers, educational institutes, and the right of every American to a public education. Education law also defines standards for students who wish to attend private schools. What's fascinating about education law is that it aims to strike a balance between making sure that each child...
It may be a little distressing to be talking about how to divide your estate, but it is better for you to decide those matters than to leave it for a grieving family to figure out. Not only does it help your family, it also ensures that the parties you want to get your estate do so. Let’s look at some of the components of choosing the right estate planning attorney. Get an estate lawyer: It is important to bring the lawyers in on this one. Your estate is certainly not something you want...
A trust agreement is a document that outlines the rules that you want followed for your property held in trust for your beneficiaries or heirs. The common objectives of trusts are to reduce the estate tax liability and to avoid probate. It is a fiduciary (a fiduciary is a person or organization that owes to another party the duties of good faith and trust; it also involves being bound ethically to act in the other parties best interest) relationship in which one party, known as the trustor,...
Asset protection refers to a type of planning used to protect ones assets from creditor claims. Individuals, as well as businesses, use asset protection planning to limit creditor access to valuable assets while staying within the bounds of debtor-creditor law. Asset protection does not involve the concealment of assets, contempt, fraudulent transfer or bankruptcy fraud. Common asset protection tools and techniques include the use of asset protection trusts, accounts-receivable financing and...
Everyone does not accumulate a fortune to pass along to their beneficiaries upon their death. However everyone, rich or poor should have an estate plan. Even if there are only a few thousand dollars' worth of assets, It is critical to utilize the basic elements of estate planning in order to ease the burden of having assets tied up in probate for a prolonged period of time after you're gone.  In recent years, there have been many news and research reports across the United States that have...
The given digital era has compelled the creation of an insightful website design, which is essential for enhancing performance for every business. It has now become prudent for a real estate agent to focus on a real estate website design, which helps in increasing the competitiveness in the given industry. Apart from this, there have been significant changes in the mindset of people, thanks to technology. The studies have shown that 42% of the home seekers opt for online search for finding...
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. Experts...
We all regardless our different background like to be rich and this is quite good a thing to desire. The opposite of rich is lack and a life of lack is quite deplorable from every extreme of it. A life of lack has far reaching consequences to living and deprives one from living a fulfilled life. Therefore to avoid the repercussions that come from wallowing in lack, every one of us irrespective of our social status must sit and map out strategies to use what we have to invest for the future. It...
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...
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