A lot of people do not think about finding a legal professional till they are in desperate need. The legal situation could be personal, like family law, for a divorce or if you are looking for a bankrupcy or trust lawyer. It may be a felony case you want to be defended on. Businesses need to have attorneys as well, no matter whether they are being sued for discrimination, sexual harassment, or perhaps unjust business procedures. Tax lawyers are also very helpful anytime coping with government problems. Just like doctors, lawyers have expertise. A huge, full service law firm has a lot of attorneys with numerous areas of expertise, so hinging on your company legal issue, you can instantly retain the very best legal professional to fulfill your current need without having to begin your search each time you need legal assistance.It is ideal to obtain a legal professional you can believe. You really want one with a decent record, who istrustworthy, effective, and wins cases. You would like to have confidence that they will represent you thoroughly and charge you fairly for their services. Occasionally a reference from a good friend or business associate can be practical, having said that you should hold your options open and review all the firms available, simply because when you want legal support, you need it instantly and you want the finest you can pay for. Thank you for hunting for a attorney at law with us. Your time is important, and Action Pages, at Actionyp.com, is pleased to provide specific search variables to meet your needs. We constantly try to concentrate on the most popular phrases so you can promptly find whatever you are looking for.
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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.
Is There A Way I Can Do A Search On A Lawyer'S Past Cases To Look At His/Her Win And Loses?
I Tried To Research Lawyer Joseph A. Dubyak, He Represented Hs Basketball Player Tony Farmer(And Lost Badly). I Researched Him And Only Discovered That The State Licensing Authority Suspended Him On Numerous Occasions. Is There Anyway I Can Do An Online Search To Look At His Previous Wins And Losses? Just Out Of Curiosity.
No, you can look at records at the court houses where he generally practice but it would be a long and time consuming process. Generally if there is a real problem with a lawyer it will show up in sanctions from that state Bar.
What Is Computer Assisted Legal Research?
The Thomson Gale Law Encyclopedia, quoted on Answers.com defines computer-assisted legal research as:
"Technology that allows lawyers and judges to bypass the traditional law library and locate statutes, court cases, and other legal references in minutes using a personal computer, research software, and a modem."
For more information, click on the link, below.
D.O.T. Gun Law Question. Lawyer Knowledge Needed.?
I Have Been Hastily Looking For Regulations On Commercial Driver Gun Laws. My Mom And Step-Dad Are Otr Drivers And Were Under The Impression They Could Not Carry A Gun In Self Defense. The Only Laws I Can Find On The Subject State Basically: So Long As Its Not Accessible From The Passenger Area, Stays Unloaded, In A Case And Separate From The Ammunition It Is Fine. Is That True? My Mother Has Already Been Robbed At Gun-Point While Driving Twice (Once In Nyc And Once In L.A.)!!! She Is Leaving For A Dangerous Area Of L.A. Today, And I Need Facts Fast On: Federal Dot Gun Regs And Also Any State Regulations That Would Prevent Her To Carry In Any Certain States. Any Lawyers, Paralegals, Dot Officials Or Law Students Advice Would Be Infinitely Appreciated! Thank You.
There are exceptions to the laws as you have read them.The easiest course of action for them is to apply for a federal carry permit that would allow them to have the gun in plain view in the cab.Both of your parents would need to receive the license or only one of them will be able to carry it.Most drivers that I know do not follow the law for the reason you stated with regards to being robbed.As long as they FOID cards they can legally have the gun in the truck and it does not need to be empty while in transit.
Working In Dubai For Last 5 Month Can I Join Any Other Concern Without Labor Band?
I Am A Ca And Working In Dubai For Last Few Months At The Post Of Manager,But Want To Leave The Job And Getting Offers From Other Concerns In Dubai But They All Want Me To Be Sure That I Will Not Be Band Under Labor Law.As I Am Still On Probation So I Can Easily Leave My Job But What About The Labor Law?
ask a labor attorney familiar with Dubai (and UAE) labor law