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The epitome of wealth and life management, estate planning combines various areas of the law to set up complex structures of agreements, corporate entities, trusts and other devices to offer asset protection, tax savings, risk management, late-life care control and probate advantages all while retaining control over assets.
When you pass away without a will (or other arrangement), your property gets disposed of according to the government's wishes (as prescribed in law) rather than your own. No matter your net worth, a well-drafted will can help ensure that your property goes to who you want, when you want and how you want.
Often associated with the ultra-rich, trusts are arguably the most powerful asset management devices known to American law. Among other things, carefully-crafted trusts allow you more control over how your hard-earned wealth is handled for generations to come and can avoid probate, offer significant tax savings and even protection from creditors.
Unexpected circumstances often result in the tragic breakdown of a marriage. Many couples run into unanticipated financial trouble, disease, or other material change in their situation. A marital agreement helps the couple guard against the unforeseeable, tie the knot with confidence and leave worry out of their marriage and out of their minds.
Unfortunately, we are in an age where people are rarely trustworthy when it comes to deals and agreements. Whether in business or your personal life, a legally enforceable, written document can give you peace of mind and assurance that the other side will live up to their end of the deal.
Offering goods or services without the protection of a business entity exposes you and your personal assets to massive risk. Among other things, an LLC or corporation will protect your personal assets, provide tax savings and giving your customers confidence in your company.
It's no longer wise to rely on people's integrity to pay back the money that they owe you. Loan agreements, guarantys and collateral documentation can eliminate the need for such reliance. Ensure that you get what you're owed for loans, advances and extended credit whether in business or in your personal life.
Owning land and other real estate is still one of the best ways to build wealth that lasts. But it is this precise upside potential that attracts many bad actors and, as partly a result, property law has become incredibly complicated. Guarantee that the real estate you invest your hard-earned money into is yours and used according to your wishes.
Sometimes things don't work out and most lawyers' first impulse is to sue. But that usually only truly benefits the lawyers. There are a myriad of steps to take before filing suit that are a fraction of the cost. One of the first of these is mediation - a non-binding process whereby an attorney serves as an independent mediator.
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