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Family Law and Divorce

Estate Planning: A Must Have for Your Final Destination

Estate planning is the act of arranging and anticipating, through the early life of an individual, for the smooth administration and management of his/her estate, if the said individual becomes incapacitated and upon death. Establishing and executing an estate plan will allow you to manage and even use your wealth or property for the benefit of your family, after your death. An estate plan provides you with security and protection as well as financial assistance when you need it most. The beneficiaries will receive the proper amount of funds based on the stated beneficiaries list that was provided at the time of your designation. If you have no children or spouse, then only your parents will be entitled to the assets.

Prior to initiating any estate planning arrangement, it is advisable to appoint a qualified attorney to handle the legal proceedings and protect your assets and interests. A qualified estate planning attorney can draft and file your final documents, organize and assign the various assets to the proper beneficiaries, provide you with protection in the form of insurance and tax deferral, and deal with the probate court. It is important that you select a qualified attorney because they are knowledgeable about intestate law and can provide sound legal counsel if you are in a situation where you must pass away unexpectedly. He or she may also be able to offer you valuable information regarding estate planning options and possible strategies. If you are contemplating some form of asset protection, such as a living trust, or revocable living trust, or any other strategy, you should seek the expertise of an attorney.

When you are in a place where you are aging or where you will soon be aging, one of the important decisions you must make is what type of protection you need from your estate. Do you wish to maintain some type of residual life insurance? Do you wish to provide your beneficiaries with a large sum of money in retirement plans such as 401(k) s or Roth IRAs? Perhaps you want to leave something behind for your spouse and children so that they can go on an individual path after you pass away. If you have life insurance policies, are they transferable?

Once you determine what sort of planning and protection you need in terms of your estate planning, then it is time to determine who will be in charge of executing your plan. Will you appoint a guardian ad executor? If so, how will that person to proceed? Will you hire a lawyer? What about hiring a financial planner or CPA to help you design your assets and accounts receivable?

Some people do not desire to wait until the last minute in terms of planning their estates. This is when they might consider consulting a financial professional. The advice of a financial professional can be invaluable in terms of estate planning, since they can assist you in making decisions that are within your legal guidelines and are beneficial to your beneficiaries. Some financial planners work exclusively with individuals and couples, while others work with groups of individuals or couples as well. The first thing to determine is whether you want to retain the services of a lawyer or planner in your probate process. While there is no “right” answer to this question, it is generally advised that anyone wishing to retain the services of a lawyer or planner should do so at the suggestion of a relative or friend who has had experience with probate and is familiar with the legal processes that must be followed.

Finally, be sure to have your estate planning attorney to make decisions for you and your loved ones regarding your finances. If you are not comfortable making those types of decisions, then it may not be in your best interest to retain an estate planning attorney. For example, if you are not quite sure how you will fund your education or how you will care for your children in the future, then it may not be in your best interest to wait until you have a problem before making any decisions regarding those things. By having your estate planning attorney to make decisions for you regarding those situations, you can rest assured that your final wishes will be met and your future will be smooth, just the way that you want it to be.

Family Law and Divorce

How divorce and family lawyers solve your personal legal issues?

The difference between divorce attorneys and family lawyers is one of convenience. A family lawyer or divorce attorney handles the legal issues that arise after a divorce. A divorce attorney and family lawyer’s goal is to get a court ordered settlement, which they are able to accomplish by negotiating with their clients on their behalf. In contrast, a family lawyer is an attorney who represents those who are seeking divorce.

When you hire a divorce attorney or family lawyer to represent you in a divorce case, you are asking them to help you solve your personal legal issues. You want to know that the issues are well taken care of before you start making any financial decisions. You also want to know that the person representing you will be honest with you about how their services will be paid for. Many times you do not need to hire a legal representation at all; however, if you wish to retain the services of someone to help you with your legal issues after you make the decision to file for divorce, you may hire a legal service.

Divorce attorneys and family lawyers Hallandale, Fl can also help you with the preparation of a divorce agreement. There are certain things that must be included in a divorce agreement so that the court is provided with written evidence that both parties are willing to abide by the terms and conditions of the agreement. Divorce agreements are then reviewed by a judge and a final settlement is reached. This final settlement is then presented to the other party in order to finalize the agreement.

Another difference between divorce attorneys and family lawyers is the amount of time that each is expected to spend on your case. Typically, family lawyers spend the majority of their time with you, meeting with you and reviewing documents with you, while your divorce attorney will spend most of their time with the opposing parties. Because of this difference, it is essential that you select a family lawyer or divorce attorney that can devote a large amount of time and energy to your case. This is especially true if you want to retain the services of a family lawyer or divorce attorney to represent you. Often times the courts will require that you hire a family lawyer or divorce attorney for their services. You should ask each divorce attorney or family lawyer you meet with which family lawyer or divorce attorney they feel most comfortable working with.

In addition to these differences in time, there are also differences in services that may affect the decision to hire divorce lawyers or family lawyers. The number of years a divorce has taken place, the financial status of either party, and even the availability of qualified family members can influence your decision. Each divorce lawyer or family lawyer will have his or her own preferred method of payment for their services. Although some family lawyers offer a flat fee arrangement, Hallandale family lawyers and divorce attorneys may accept a percentage of the proceeds from the sale of the property and real estate, such as a percentage of the sale price that is earned when selling the property. The court system will decide which method is more practical for you when you request an estimate of the amount of money required to pay for the service.

It is vital that you discuss all of the options available to you with each divorce attorney or family lawyer you meet with before you hire them. These discussions should cover whether or not you wish to retain the services of an attorney on an individual basis, as well as the amount and method of payment to be made for services. Although it may seem unusual, there may be instances where the two methods would be more appropriate than a group effort between two individuals.