Estate Planning

An Estate is the entirety of a property, real and personal, owned by an individual prior to distribution through a trust or will.

Estate planning is the process by which an individual, or nuclear family with the person's consent and approval, arranges the transfer of assets to heirs or other beneficiaries. The reason for this is to provide the family, or anonymous miscellaneous beneficiaries, with legal rights to the property after the individual has passed away.

Aspects of Estate Planning, include:

• Trusts
• Wills
• Uniform Probate Code
• Gift Tax
• Dynasty Trust
• Joint Tendency

A good Estate Planning lawyer can do more than just manufacture a simple will. Estate planning also typically minimizes potential taxes and fees, and sets up contingency planning to make sure that your wishes regarding which items are allocated and who the main beneficiaries are.

Many trusts are created as an alternative to or in conjunction with a will and other elements of estate planning. State law establishes the framework for determining the validity and limits for both.

An Estate Planner can assist you with organizing your personal and business records such as:

• Brokerage Accounts
• Retirement Plans
• Savings and Checking Accounts
• Insurance Policies
• Business and Partnership Interests
• Debt Personal Property

An Estate Planner can also assist all other possible estate planning law concerns.

Article courtesy of http://www.estateplanninglawfirms.com/, a site that lets you find estate planning lawyers in your area by your zip code. The the site  also has estate planning related news and legal topics.

Legal Resources

Advice on working with an attorney

Many people assume an attorney is all-powerful or can work some kind of legal magic, just by dint of being an attorney. The reality is quite different. Look in your own line of work, and what do you see? People of differing abilities and work ethics, for one thing. And how many problems come up that even your best people have difficulty solving? How many projects go bad?

An attorney is just another person working in a specific field. It happens to be law. That is, some area of law. An attorney who doesn't have significant experience and/or training in the area of law that concerns you probably isn't going to do as well as one who does. There are so many "gotchas" in law, it borders on the absurd.

Your attorney isn't your buddy. Your attorney is a contractor you pay, and pay well. Usually by the hour. Don't waste your attorney's time with complaining or by seeking explanations of things you can look up on your own.

Your attorney's success is contingent upon such factors as:

• Your accuracy. Don't guess at the answers your attorney needs. Look things up. If your attorney asks how much you made last year, for example, produce your tax return rather than flip a number off the top of your head.
• How honest you are. Lying to your attorney is generally a dumb approach. It can get your attorney into trouble and is likely to undermine your case.
• How open you are. Hiding information from your attorney, even if you think it's irrelevant can easily result in a courtroom surprise that destroys any chance of winning your case.
• Your ability to stay out of trouble. Getting arrested, even on some unrelated charge, while your case is pending makes extra trouble for your attorney to handle.
• How well you articulate your side of the story. You don't need to be a polished speaker, but you do need to be concise and direct.

Don't:

• Make statements about the other person's motivations. Your attorney can't prove such allegations, so they are worthless.
• Produce forged documentation for your attorney to use. This creates a landmine that can not only blow up your case, but result in (further) criminal charges.
• Do or say anything that wastes your attorney's time.
• Yell at your attorney.
• Make disparaging remarks about the other side's attorney or anyone else involved in the case.
• Call your attorney for daily progress reports. This just wastes time.
• Text your attorney, unless told this is OK.
• Send your attorney long e-mails.
• Send your attorney paper, unless told this is preferable. Paper must be scanned and then shredded, creating extra work.

Do:

• Outline what you think the other person's viewpoint is. This will help you understand the whole case, and will show your attorney you seek this understanding.
• Provide any evidence you can locate or produce. This includes e-mails, photos, and receipts. Ask your attorney what evidence will help your case, and see about getting it.
• Think about how you can save your attorney time. Offer to do research, for example. "How about if I check that out for you?" Keep any reports to the attorney accurate and objective.
•  Treat your attorney with respect at all times.
• Behave in a professional manner. How you behave will affect how others perceive you, and that does affect the outcome of your case.
• If you have the OK to text your attorney, do this only rarely and when there is a good reason for it.
• E-mail your attorney with status updates or requests for information.
• Keep e-mail messages brief and limited to that which is most important and/or urgent.
• Convert paper to PDF and e-mail necessary documents to your attorney.

Need to do legal research? We have the perfect tool:

The WizCom Infoscan Elite Scanning Pen is perfect for taking notes in a law library or other information repository.

Instead of feeding coins to a copy machine, dragging your laptop around, or going nuts trying to key in your hastily-scrawled hand-written copy of source material, just use this note-taking pen to pick up the material directly and store it in the pen. Then transfer to your PC later when you're back at home base.

The Infoscan TS Elite scanning pen makes digital note-taking as easy as using a standard highlighter.