Four Tips to Keep in Mind Before You Write a Living Trust

Regardless of the value of your estate, you must plan for what will happen to your assets while you are still alive and when you die. An experienced McKinney estate planning attorney can help you create a living trust which can ensure your assets are distributed quickly, avoid unnecessary taxes, and keep your wishes private. Before you write a living trust, your attorney will let you consider the following tips:

Create a List of your Assets

Your list should include everything you own. These include tangible items such as your house, car, and jewelry as well as intangible ones such as bonds, stocks, and life insurance policies. This list will help you get a clear picture of your estate and decide how you would want to distribute them when you die. Also, ensure you have all of the paperwork such as titles, stock certificates, deeds, and life insurance policies in order. You will need to hand these documents to your lawyer to prepare your living trust. You may not want to hold all your property in your living trust. Consider including just the big-ticket items that would otherwise go through probate.

Pick Your Beneficiaries

You must name the people who will receive assets when you die before you write your living trust. Your beneficiaries can include family members, friends, or charities. Also, take into account the people you don’t want to receive anything. Discuss this with your lawyer.

Remember that if your insurance policies or retirement or saving accounts have beneficiaries named, these may conflict with your plans regarding your living trust. Make sure to discuss this with your attorney to prevent your beneficiaries from facing legal battles after your death.

Pick a Successor Trustee

In a living trust, you serve as the trustee, so you continuously take control of your assets during your lifetime. But, you need to have a successor trustee who will pay your debts and distribute your assets based on your instructions after you die. Also, should you be incapacitated, your chosen successor trustee would also handle your affairs. After you make your choice, discuss it with your chosen individual to ensure they are willing to take on this responsibility.

Pick a Person Who Will Manage your Property for your Young Children

If you have children or young adults who you want to inherit your property, you must pick an adult to manage what they will inherit. You can make them a property guardian, a trustee, or a property custodian, so they can have authority over a child’s property.

 

 

 

Five Tips to Keep in Mind When Dealing with an Insurance Adjuster After a Car Accident

If you have recently filed an insurance claim after a car accident, you will soon be contacted by a claim adjuster. A claims adjuster will study your demand letter, understand the merits of your claims, examine supporting documentation, prepare their own reports, and decide on the amount of settlement money you will get. Unfortunately, a claim adjuster will offer a deal that works in favor of the insurance company they work for. But, you can ease your anxiety about dealing with this person when you have a Jupiter car accident attorney on your side. Also, here are some tips you need to keep in mind:

Be Prepared

Before you get a call from the claim adjuster, get all the paperwork, police reports, and other documents in place. Also, go over the facts of your accident and make sure you have answers to all the questions the adjuster may have for you.

Be Careful with the Words to Use

As a car accident victim, you may want to vent your anger at the person sitting across. However, you must control the urge and stay calm during your conversation with the adjuster. This way, you won’t end up mentioning something that works to the advantage of the insurance company during your outburst.

Figure Out a Settlement Amount

After evaluating the initial damage or file the paperwork, have an initial settlement amount in mind. Consider the damages that you think must be compensated for. You can use this as a bottom line in your conversation with the claim adjuster.

Don’t Accept the First Offer

Claims adjusters are trained negotiators. And because they do this for a living, they understand your psyche. In some instances, they may offer a decent settlement amount to test your claim’s validity. Sometimes, it may be a reasonable but low amount. Never accept the first amount they mention. Instead, discuss the offer and understand how they come up with the calculation.

Be There when the Adjuster Examines your Car

A claims adjuster will examine your vehicle to evaluate your claim. You should be there to answer all their questions truthfully and use this opportunity to present a rational reason why you must get a significant settlement. 

Three Tips to Keep in Mind When Considering Filing for Bankruptcy Amid the COVID-19 Pandemic

The COVID-19 pandemic has hardly hit people in West Virginia and throughout the country. Since April of last year, millions of people filed unemployment claims. As the coronavirus is still in full effect in communities and businesses starting to reopen or still closed, a lot of Americans are expected to file bankruptcy claims. If this global crisis has left you experiencing serious financial difficulties and you are considering filing for bankruptcy, you must seek advice from a reputable bankruptcy lawyer in Charleston, West Virginia. Your attorney will guide you through the filing process and help you understand your options. Here are tips to help you get started:

Explore your Options

If you have mounting debts you can no longer manage to pay back, you have some options. You can continue to make your minimum payments, negotiate a settlement with the debt collectors, or file for bankruptcy. Usually, it is logical to explore your options first before considering filing for bankruptcy. 

Ask About Assistance Programs from Your Lender

Because of the current pandemic, a lot of regulators, lawmakers, and financial institutions are rolling out several assistance programs you can take advantage of. In fact, some major lenders have developed hardship programs to allow their borrowers to defer some payments, including credit card debt, student loan debt, and car loans. If the pandemic has left you in financial turmoil, contact your lender and ask about any assistance programs they are likely offering. 

Understand your Filing Options

Chapter 7 and Chapter 13 bankruptcy are the most common kinds of bankruptcy filed. If you choose a Chapter 7 filing, you will need to sell some of your assets to pay off your debt. Your outstanding debt will be wiped clean when the bankruptcy is approved. Meanwhile, if you file for Chapter 13 bankruptcy, a repayment plan will be made to let you pay off all of your debt within three to five years. This type of bankruptcy is a typical option for people who are behind on their mortgage payments and are in fear of foreclosures. With this option, these people won’t lose their homes in the process. 

No matter which bankruptcy you want to file for, you need to appear in court to get the various aspects of your case approved by a judge. While the majority of federal courts shuttered during the start of the pandemic, a lot are open now. But, as courthouses are still close to the public, a lot of court hearings are being held online.

Reasons why you may need a workers’ compensation attorney

A work-related injury can have devasting impact your personal life. You could be out of work for weeks, and bills and expenses can pile up in no time. In some states and specific cases, it is not possible to sue the employer, but you can definitely demand a compensation for your injuries. Sad news is many work injuries happen over a period of time, and sometimes, the pain and suffering are not immediately apparent after the incident. Working with a Tucson workers compensation attorney can help your case, and if you are wondering if you need legal help, here are some reasons to consider.

  You don’t know your rights and the law. In general, workers’ compensation is always complicated, and many victims don’t even report their injuries, because they don’t believe that the matter holds any premise in the legal word. That’s now it all works, and you have to consider talking to a lawyer, who can explain your rights.

  You have been offered a low amount. How much is your workers’ compensation claim worth? It is hard to just guess, because every single aspect must be considered. For instance, does the injury impact your life after a few years? Will you have the same quality of life after getting better? Are you likely to be out of work? These are some of the things that must be considered, beyond the immediate medical bills.

  Your employer is not cooperating. Insurance companies are not quick to accept claims, and in many cases, employers just don’t want to deal with the consequences of the incident. In such times, having an attorney by your side will help in making the most of workers’ compensation laws and what you are entitled to.

Check online now for the law firms in Tucson for workers’ compensation cases.

 

Personal injury claim for a car accident: Get an attorney

Despite so much being written about on-road safety and current strict laws, the number of auto accidents in the US is astonishingly high. Many accidents have fatalities, while in others, victims suffer serious injuries and losses. If you believe that your injuries in a car accident is because of someone else’s fault, you should consider filing a personal injury claim. While not compulsory, hiring a Yuma car accident attorney may benefit your case in more ways than one. Here are some aspects worth knowing.

How can an attorney help?

Attorneys with experience in handling car accident cases can do the following –

  Initiate an early investigation into the accident

  Talk to doctors and medical experts to know injuries and impact better

  Reconstruct the accident scene

  Review the possible ways in which the case can shape up

  Handle all the paperwork involved

  Talk and negotiate with insurance companies

  Go to trial where needed

Most attorneys have their own approach to the job, but you can expect an experienced lawyer to give you a fair idea of the possible outcomes. Where needed, your attorney will also talk to authorities, police, and get witnesses, to prove your claim.

Dealing with a lawsuit

Sometimes, it may happen that the other party believes you are at fault and file a lawsuit. Having an attorney is important, because you don’t want to get punished for a crime that you haven’t committed. Even when you are at fault, you need a lawyer to defend you in the case.

Without an attorney, you are really on your own. Find a car accident attorney that you can trust, and make sure that you meet them in person before you hire them for the case. Experience of an attorney is worth paying for, especially in case of auto accidents.