Thursday, October 22, 2009

You Always Need a Lawyer!

Post by David Held

There it is a lawyer for everything. When planning one’s estate he or she must consult with a lawyer. There are many technical aspects to writing a will and piecing together your estate. When selecting a lawyer, one has to do his or her research. This may be just searching on the Internet or conducting interviews with different estate lawyers. An estate lawyer can ultimately save you thousands of dollars because it is this person’s job to help you avoid all kinds of taxes. As mentioned previously in this blog estate taxes can eat up most of one’s estate.

The most common question that arises when one is looking for an estate lawyer is, “are the lawyer’s fees expensive and if I needed to re-plan my estate how much extra will be?” Lawyer’s fees vary from state to state and from agency to agency. There is no telling how many times one may need to re-draft his/her estate. The times where you would want to consider rewriting your estate are, if you get divorced, if someone dies (who is mentioned in your estate), or if you give away as something that was originally in your estate. Estate planning can be very tricky and the government is always out to take as much of your estate as it possibly can, mostly through taxes. So, one must be very careful when planning his or her estate because if they are not their loved ones will have trouble recovering the belongings that were meant for them!

Source #1, #2, #3


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