Estate planning is an important part of taking financial responsibility. It involves making critical decisions about how your assets will be distributed and managed during periods of incapacity and after you pass away. While it may not be the most comfortable topic to discuss, estate planning is essential to ensure your loved ones are cared for and your assets are managed according to your wishes. LKP is a Las Vegas, Nevada, estate planning law firm that helps clients plan their estates and prepares legal documents to put those plans into...Continue Reading...
California residents may have great weather and sunny beaches, but they also have the second-highest capital gains tax in the world. Only Denmark has a higher capital gains tax. Californians also have the highest combined state and federal income tax rates in the United States. Because of this, many native Californians are either moving to neighboring states (like Nevada) or considering it. Others are taking advantage of a Nevada Incomplete Gift Non-Grantor Trust, otherwise known as a NING Trust. As a method of reducing California’s...Continue Reading...
If you are considering a divorce, it is important to understand how separating from your spouse could affect estate planning decisions. In particular, a divorce in Georgia may disrupt the assets and beneficiaries in a family trust. To better understand how your divorce may affect your trust or other estate planning documents, it is vital to speak to an experienced Atlanta family law attorney immediately.What is a Family Trust?A family trust is any type of trust set up by an individual to benefit their family members. The family trust is a popular...Continue Reading...
Personal injury incidents can result in mild to fatal injuries. If you suffer an injury due to the negligence of another person or entity, you typically have two options. You can seek damages from your own insurance company. Alternatively, you can recover damages from the at-fault party.North Carolina is an at-fault state for personal injury cases. This means that you are entitled to file a third-party claim with the negligent party’s insurance company. When you file a claim, it is reviewed and handled by an insurance adjuster.Who Is an Insurance...Continue Reading...
When you get in an accident, you know that filing a claim against the responsible parties could allow you to receive compensation. Most of the time, you’ll be dealing directly with the insurance company, which would be the one to pay for your economic and non-economic damages related to your accident. But can you really trust the insurance adjuster? Read on to learn why contacting a Charlotte car accident lawyer to review your claim first can be essential. Why Shouldn’t I Trust the Insurance Adjuster?Although the...Continue Reading...
Creating wills and estate plans essentially refer to choosing heirs and appointing guardians. They ensure that your loved ones will not suffer financially upon your death. You can rest in peace knowing that your ward will be cared for after your death, and not left at the mercy of fate.Wills and estate plans are important legal documents. Some people think that both are the same. However, this is not necessarily the case. In this article, we will explain the difference between the two so that you can make an informed decision.The Difference Between...Continue Reading...
The Press-Enterprise recently released an online article in which a woman recently died after a car crashed into her as she was a passenger in a car, on the early morning of October 18th. The crash was reported just after 1 a.m. on Mountain View Avenue and Base Line, the driver that hit the woman and then drove off but police soon caught up with him and were able to arrest him. Police records indicate he was arrested on suspicion of driving under the influence and hit-and-run, both very serious criminal offenses in California. The woman was...Continue Reading...
Do you need an estate plan? Are you confused about this? To avoid the confusion, first ask yourself the following questions:What would happen if I die today?What would happen to my wealth?Does my spouse know about the investments, insurances, debtors and creditors that I possess?Whether my wealth be appropriately distributed according to my wishes?Will there be any financial conflicts in my family? Whether there might be multiple claimants for my assets?If you are a business owner then similar issues will be applied to your business as well? Will...Continue Reading...
