Why Hire a Real Estate Investment Attorney?
- Maximize profits, minimize risks. A real estate investment attorney can help you maximize your profits and minimize your risks. ...
- Property tax negotiations. The more property you invest in, the more property taxes you’ll be faced with each year. ...
- Leases and tenants. Many real estate investors purchase property—both residential and commercial—with the intent of leasing it out.
- Prepare for unforeseen circumstances. In the event you’re ever faced with a lawsuit, you’ll want an experienced real estate investment attorney in your corner to help defend your money, your ...
- Protect your farm or ranch. Texas landowners with farms or ranches can rely on a real estate investment attorney to help protect their property and their businesses.
- Additional services
- The importance of real estate management. Once you’ve begun to establish yourself as a real estate investor, it’s wise to hire a real estate management company to help handle the ...
- Turn to The Farah Law Firm. Real estate investors have unique needs and concerns that a real estate investment attorney will understand better than a real estate attorney.
Most notably, estate planning lawyers can help you write a last will and testament and set up a trust. Your estate planning lawyer can also aid you in minimizing any estate or inheritance taxes. Once you pass away, they can also assist the executor of your will in transferring assets to your beneficiaries.Apr 9, 2021
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AnswerCan you probate a home if you have already given away all your assets?
So, if the family member has already given away all of their assets, especially cars and homes, or has been living in an assisted living home for some time, it is unlikely that their total assets will be sufficient for probate.
Is estate planning for elderly?
Estate planning is not just for the elderly. Many young families neglect this important process not realizing that they must put guardianship decisions into writing to ensure proper care is taken of their children. While these documents can be drafted by parents, there are more complicated issues than simply naming a guardian that may need to be considered including a trust for the care of the children. Additionally, it may be necessary to name one guardian for the care of the children and another for future assets that will be given to the children. These more complicated issues should always be handled by an attorney to ensure that in the event that something does happen, any concerns regarding minor children are met.
What is an estate lawyer?
An estate lawyer is trained in matters related to passing on your assets after you die, and planning for situations where you can no longer care for yourself. They are experts in wills, trusts, and your local probate process. Some estate lawyers may also have specialties, like planning the succession of a business.
Who is Derek from Policygenius?
Derek is a personal finance editor at Policygenius in New York City, and an expert in taxes. He has been writing about estate planning, investing, and other personal finance topics since 2017. He especially loves using data to tell a story. His work has been covered by Yahoo Finance, MSN, Business Insider, and CNBC.
Hiring an Estate Planning Attorney
The following is provided for informational purposes only and is not, nor should it be construed as legal advice.
What is an Estate Planning Attorney?
An Estate Planning Attorney is a licensed attorney with particular knowledge in the areas of Wills and Trusts. An estate planning attorney knows the specific laws related to drafting and probating Wills and understands the benefits and consequences of trusts, powers of attorney, and healthcare directives.
Why you Need an Estate Planning Attorney
Ensure your documents comply with current state law. Each state is governed by its own set of estate laws. Online Will programs may claim to conform to your state’s law, but this may not always be the case.
What you Should Know About Hiring an Estate Planning Attorney
When hiring an estate planning attorney, you should look for someone who is experienced in estate planning, and communicates thoroughly with you regarding your life details and goals. Being prepared for the initial consult is sometimes the biggest hurdle.
Responsive, Thorough, & Knowledgeable Representation
At Leger Law Group, LLC, we are dedicated to our clients. This means that we always take the time to listen to your unique situation and form a solid plan that keeps your best interests in mind.
Providing a High-Level of Professional Service
Our Baton Rouge attorney is highly rated among her peers and by current and former clients. Because of this, she has received an Avvo Rating of 9.7 Superb, an unbiased rating system based on peer nominations, public records, and client feedback.
Affordable Legal Care
Our firm is committed to providing our clients with affordable service when they need it most. We offer reasonable rates and clear pricing and often charge a flat-fee for our service. This not only helps save your money, but helps ensure that you do not miss out on the care you need because of financial issues.
Guiding you through the Estate Planning process in the Dutchess County
Our Firm gives the personal attention needed to all of our clients. This includes always taking the time to learn about their needs and goals. We will work with you and your family to draft an Estate Plan that best represents your needs and wishes.
How We Help
An Estate Plan provides our clients with the tools to control their health, protect their assets from the State and creditors, and transfer assets to family members when the time is right. We do this by listening closely to your needs and working with you, the law, and to create a Will or Trust that best meets those needs.
Protecting the Vulnerable
Our Dutchess County Estate Planning Attorney wants to provide a peace of mind to our clients. We want you to feel confident about the choices you are making, especially when they are as important as Estate Planning.
Amount of Assets
- While every state is different, all states have a minimum asset requirement for probate. So, if the family member has already given away all of their assets, especially cars and homes, or has been living in an assisted living home for some time, it is unlikely that their total assets will be sufficient for probate. What this means is the only likely items that require attention are personal items tha…
Business and Portfolio
- Owning or participating in a joint business is a complex process. Even more complex is distributing business assets or transferring ownership once the original owner is deceased. While some businessmen will specify in their business filings what course of action should be taken should the owner die, many businesses lack that guidance. In order to accurately dispose of a b…
Other Matters
- It’s a common misconception that wills attorneys only draft legal documents for asset distribution. In fact, estate planning lawyers also help clients determine burial wishes and, if necessary, draft powers of attorney and medical care wishes. One decision that many families have difficulty with once someone passes away is determining their wishes regarding their rema…
Children
- Estate planning is not just for the elderly. Many young families neglect this important process not realizing that they must put guardianship decisions into writing to ensure proper care is taken of their children. While these documents can be drafted by parents, there are more complicated issues than simply naming a guardian that may need to be considered including a trust for the c…
When A Diy Will Works
- Not everyone needs to hire an estate planning attorney, just like not everyone needs to hire a divorce attorney. If someone wants to draft their own will and they are educated and capable of conducting research, they can write their own will. Additionally, if someone rents their home and car and only has a small bank account, there is no reason to have an attorney draft their will as t…
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