4 Approaches To Help Your Lawyer Enable You To When you want an attorney at all, you need to work closely using them in order to win your case. Regardless of how competent these are, they're gonna need your help. Allow me to share four important strategies to help your legal team allow you to win: 1. Be Totally Honest And Up Your lawyers need and expect your complete cooperation - irrespective of what information you're gonna reveal for them. Privilege means what you say is saved in confidence, so don't hold anything back. Your legal team has to know everything in advance - most especially information other side could discover and surprise you with later. 2. Provide Meticulous Records Keep a continuing and factual account of most information related to your case. Whether it's witnesses or payments being made, provide your attorneys with all the current data they need to help them to win. 3. Turn Up Early For All Engagements Never be late when you're appearing before a court and prevent wasting the attorney's time, too, by being by the due date, each time. Actually, because you might need to discuss eleventh hour details or even be extra prepared for the way it is you're facing, it's smart to arrive early. 4. Demonstrate That You May Have Your Act Together If you've been responsible for any kind of crime, it's important so that you can prove to a legal court that you simply both regret the actions and therefore are making strides toward enhancing your life. By way of example, if you're facing a DUI, volunteer for a rehab program. Be sincere and linked to the neighborhood the judge is presiding over. Working more closely with your legal team increases your probability of absolute success. Follow these tips, listen closely to how you're advised and ultimately, you should win your case.
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How Avoid Son Having To Pay Whopping Inheritance Taxes On Real Estate?
When We Bought Our Home I Put My Son'S Name On The Deed To Avoid His Having To Pay Whopping Inheritance Taxes. In The Event Of My Inevitable Demise, He Is Already On Title And Just Assumes Full Rather Than Partial Ownership Of The Property.
Now Somebody Tells Me That This Will Actually Cause Legal Confusion & Result In His Paying Whopping Capital Gains Taxes Upon Our Demise When He Sells The Real Estate, And That It'S Better To Leave It As Part Of The Estate For Him To Inherit And Dispose Of. Which Is True?
Estate planning is a complicated area that requires a firm understanding of many factors related to you and your finances. It may be in your best interests to consult either a CPA who has significant experience in estate planning or an estate attorney.
With that bing said, here are some general factors to consider.
Will your estate be taxed?
Many average taxpayers will not be subject to the estate tax anyway. Currently the applicable exclusion amount is $2,000,000. So if you die in 2007 and ALL of your assets are valued less than $2,000,000 you do not have to worry about the Estate tax.
When you die, your son would get a "stepped up" basis allowing him to sell the property tax free (assuming he sold it for the value it was appraised for on your date of death)
However, there may be other reasons to transfer ownership of your home to your son beyond estate tax (some people try to shield assets from nursing homes in this way).
It seems that you have already transferred your home to your son, so lets deal with that.
I am assuming that your son did not pay you for your home, therefore his basis is zero. So when he goes to sell it, he will pay capital gains tax on the entire selling price less selling expense.
He may be able to get around this by making your home his permanent residence after you die and exclude a portion of the gain under Section 121 (However he would have to reside in the home for at least 2 years).
As you can see there are many factors to consider, that is why I would encourage you to seek someone familiar with the the laws as well as your circumstances to give you the best direction.
I Want To Be A Criminal Justice Lawyer/Attorney?
I Want To Be A Criminal Justice Lawyer/Attorney When I Get Out College. I Am Currently A Rising Senior In High School. I Was Just Wondering:
1) How Many Years Of Schooling Does It Take To Become A C.J.Lawyer/ Attorney?
2) How Much Is Their Average Salary Per Year?
3) Is It Super Hard And Not Very Interesting Or Fun (I Kinda Thought It Would Be!) Or Is It Actually Not That Bad And Pretty Interesting?
4) Is It Hard To Start Your Own Firm?
5) Is It Better To Start Your Own Firm, Or Joining A Practice Firm, Or Working For The Gov'T?
Thank You So Much! All Answers Are Fully Appreciated! (:
Let me put it to you this way, for every pop star that is earning millions there are millions of singers barely earning enough to support themselves. Same with lawyers, there are many of us that earn indecent amounts of money but there are many that are just about paying the bills. To become a lawyer you need to get a degree in something and then go on to law school for another four years. If you want to deal with criminals, join the Attorney generals office in the state were you live. Dealing with those low lives is like working in a sewer all day, you come home stinking and their filth takes a lot of washing off, metaphorically speaking, because the crimes they commit are not very nice and you have to be on their level for most of your working day. I know I am going to get yelled at for the next remark but your dealings with the cops are just as bad. They lie and cheat as much as the criminals to get someone banged up in goal. I tell you all this because people think that we have a soft life, if we win we are fantastic if we lose we are useless money grabbers. But I have had 40 years in law and I have enjoyed every moment. If you are coming into law for the money, forget it, you will make more as a plumber or electrician. No one in their right mind gives them any grief but we lawyers are hated from the moment someone comes into our office. Every one thinks we should work for nothing, why dont plumbers???. Regarding opening your own office, get certified for your state and hang out your shingle, simple as that. Make sure there are other lawyers near you, we have a saying "one lawyer in a village starves" work that one out for yourself. Good luck
Any Personal Injury Lawyers?
I Was Rear Ended Back In 2009. It Will Be Two Years This Next April. My Van Was Hit And Totalled Out By The Girls Insurance And They Cut Me A Check For The Book Value. I Hired An Attorney As I Have Had Some Issues With My Back And What Feels Like Joint Issues Ever Since I Was Hit. I Have Seen A Chiropractor And Other Drs. Nothing Was Broke But Its Been A Pain In The Butt. I Have Tingling In My Neck And Its Very Irritating. Can I Expect Any Sort Of Settlement? Just Wondering. Thank You In Advance.
You seem to be asking if your attorney will be able to persuade the insurer to cough up money, without being ordered to pay, by persuading them that you really were injured and that the cause of the injury was the traffic collision. As I have no idea of the evidence available to the attorney, or the customs of the insurer, or anything else relevant, I have no guesses.
Washington, D.C. Brain Injury Case?
Hi Do Anybody Know Where I Can Get Information On, How Much A Brain Injury And, Severe Post Traumatic Stress Disorder Case Worth In Washington, D.C.
I Have Substantial Evidence To Prove That It Was Negligence. It Was Not My Faught!
A Room In A House Collapsed On Me While I Was Deep Sleep, The Hospital Said I Could Had Died In My Sleep. Somebody Had Multiple Of Heavy Items Stash In The Ceiling. The Dry Wall Didn'T Have A Board Under It. When You Do Dry Wall You'Re Suppose To Install The Board First Then Install The Dry Wall. That'S A Huge Violation Right There...
P.S It Wasn'T My House!
A personal injury lawyer will be happy to tell you this.
If you have enough proof, you should have no problem finding someone to take your case.
I Was Golfing, And There Are A Bunch Of Houses Along The Fairway. I Accidently Hit A Ball And Broke Someones Window. Who Is Legally Responsible For Paying For The Window. Is It Me Because I Hit The Ball? Is It His Because He Assumes The Risk Of Getting Hit By Living By The Course? Or Is It The Golf Courses Responsibility?
Believe it or not, you may have the legal community stumped with this question. We can disregard the bit about the golf course owners because they are not liable either way.
You, on the other hand, could be liable because you are the proximate cause of the damage. If I'm playing ball in the street and my ball breaks your window, I am liable. Seems simple enough.
Now here is the wrinkle: There is a principle of law called "reasonable assumption of risk." This law states that you assume liability if you place yourself or your property in a situation where one could reasonably expect a certain risk. For example, if I go to a ball game and get hit by a foul ball, I can't sue because it was reasonable for me to assume that I was placing myself in risk of such a thing by attending the game. By this same argument, we could easily find that living next to a golf course means he had a reasonable assumption of risk with regards to his home being hit by a golf ball.
I wonder if you live in a state that has contributory liability laws. Some states require that either person A or Person B is at fault. States with contributory liability laws, however, can hold that BOTH people are at fault and can divide the liability up between them. If so, you may be responsible for half the cost.
The bottom line here may just be that there is no clear legal answer.