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	<title>legal aid &#187; Class Actions</title>
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		<title>Is your property legally clear?</title>
		<link>http://typeofattorney.com/is-your-property-legally-clear/</link>
		<comments>http://typeofattorney.com/is-your-property-legally-clear/#comments</comments>
		<pubDate>Sat, 24 Jul 2010 13:21:24 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Class Actions]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Claimants]]></category>
		<category><![CDATA[Clear]]></category>
		<category><![CDATA[Entering Into This Agreement]]></category>
		<category><![CDATA[General Power Of Attorney]]></category>
		<category><![CDATA[Gpa]]></category>
		<category><![CDATA[Grants]]></category>
		<category><![CDATA[Legal Verification]]></category>
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		<category><![CDATA[Loans]]></category>
		<category><![CDATA[Possession]]></category>
		<category><![CDATA[Power Of Attorney]]></category>
		<category><![CDATA[Presence]]></category>
		<category><![CDATA[property]]></category>
		<category><![CDATA[Property Investment]]></category>
		<category><![CDATA[Property Registration]]></category>
		<category><![CDATA[Purchaser]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Registrar Office]]></category>
		<category><![CDATA[Registration Agreement]]></category>
		<category><![CDATA[Simple Steps]]></category>
		<category><![CDATA[Stamp Duty]]></category>
		<category><![CDATA[Vendee]]></category>

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		<description><![CDATA[An investment in the real estate is a good idea as it gives great returns in coming future. Most of the people take properties or houses by availing the loans from the banks. Usually builders say that their property is approved from the banks and ask them to submit the documents in that bank. But [...]]]></description>
			<content:encoded><![CDATA[<p>An investment in the real estate is a good idea as it gives great returns in coming future. Most of the people take properties or houses by availing the loans from the banks. Usually builders say that their property is approved from the banks and ask them to submit the documents in that bank. But one should verify the legality of the property before availing the loan from the bank.</p>
<p>           We are giving here some simple steps to verify the legality of the property and the different types of cases and their solutions in the legal verification of the property, But before that please understand the type of <a rel="nofollow" onclick="javascript:pageTracker._trackPageview('/outgoing/article_exit_link');" href="http://myloandetails.com/ViewListofDocuments.aspx" title="Required Documents">documents</a>.</p>
<p> <strong>Different types of documents in the property registration</strong></p>
<p><strong> </strong><strong>Agreement of sale: </strong>This is the document which shows the details of the <strong>vendee or Executants</strong> the person who is selling the property and the <strong>vendee or Claimants</strong> the person who is buying the property and the details of the property completely.</p>
<p> Here both the parties will agree the laws of land and do the transaction of the sale of the property by entering into this agreement in the presence of witnesses.</p>
<p> <strong>Sale Deed</strong>: A document which gives the purchaser a complete power and possession of the property in all means. In this vendor is the person who sells the property and vendee is the person who purchases the property. The vendor will transfer all the rights and grants over the property to the vendee by receiving the sale consideration amount which they agreed upon. These documents should be registered in the sub registrar office by paying the stamp duty to the government.</p>
<p> <strong>General Power of Attorney (GPA): </strong>It’s a document in which a person transfers all the power and rights over a property to the other person. If the document is registered then the Vendee gets all rights to execute all the future transactions.</p>
<p> If the document is not registered then the vendee can’t execute the future transactions on his own, the vendor has to sign the document then only the document gets the validation, if the vendor won’t sign the document the registration or the transfer of property is not valid.</p>
<p> <strong>Agreement of Sale cum General Power of Attorney (AGPA):</strong> It’s a document in which the vendor agrees to sell the property to the vendee and transfers all his rights and powers over that property to the vendee. If the document is registered then the vendee gets all the rights to execute all the future transactions otherwise the vendor also should sign the documents of the future transactions.</p>
<p> <strong>Legal heir document: </strong>It’s a document which should be duly attested by the class I magistrate to get the validation. If the person on whom the property is registered gets expired with out writing any will then the document which shows the legal rights holders on that property is “Legal Heirs certificate”.</p>
<p> All the persons whose names are mentioned in the Legal heirs’ certificate should sign the documents then only that transaction is valid.</p>
<p> <strong>Encumbrance Certificate (EC): </strong>It’s a certificate which we get in the sub registrar over a property. It includes all the details of previous registrations and the details like date of registration, names of Executants and claimants, Document No.</p>
<p> All the above are the documents which we normally find in the property transaction.</p>
<p> Now if we look at the legality of the property please follow the below steps to verify.</p>
<p> Please collect all the legal documents of the property for the last 20 years</p>
<p> The first point of the legal verification of the property is “the present vendor should be the previous vendee”.
<p> E.g.:-</p>
<p><strong>Document Registered In 2008           Document Registered in 2005</strong></p>
<p><strong>Vendor:</strong> <strong>P. Chandra Bose</strong>                          Ashok Kulkarni</p>
<p><strong>Vendee:</strong>  Anil Kumar                                 <strong>P. Chandra Bose</strong></p>
<p> If you see the above example then the present vendor Anil Kumar has got the document registered from P.chandra Bose in 2008 , and P.chadra Bose has got it from Ashok Kulkarni in 2005 like so.</p>
<p> Please read the sale deed completely to clarify your self that there are any mortgages created over that property by the vendor.</p>
<p> Please cross check all the past registration details with the Encumbrance certificate. If any GPA’s or AGPA’s are there then please check they are registered or unregistered ones. Please check with the constructed area and the sanctioned area of the property by verifying them in the plan. Take Certified copies (CC) from the registration office and check whether all the documents are valid or not. Please cross check the plot no, house no and the boundaries in the document and the existing ones. Please collect property tax paid receipts and check whether they paid regularly or not.
<p> And the last but not least is get a legal opinion from a legal advocate before going for a home loan to ensure a smooth <a rel="nofollow" onclick="javascript:pageTracker._trackPageview('/outgoing/article_exit_link');" href="http://myloandetails.com/VisitorApplicationResident.aspx" title="Apply for a Loan">loan</a> processing.</p>
<div style="margin:5px;padding:5px;border:1px solid #c1c1c1;font-size: 10px;">
<p>After working in different sectors of financial field i have decided to launch a website which gives complete information on home loans and which educates the customers or visitors in all means. we have gone further to provide status of files on step to step basis of the home loan processing.</p>
</div>
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		<title>Legal Forms, Contracts And Agreements</title>
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		<comments>http://typeofattorney.com/legal-forms-contracts-and-agreements/#comments</comments>
		<pubDate>Mon, 19 Jul 2010 13:22:46 +0000</pubDate>
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				<category><![CDATA[Class Actions]]></category>
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		<description><![CDATA[Largest Provider Of Personal/Business Forms &#038; Contracts On All Subjects. See Forms Related To Your Website. Windows 7 Certified. Legal Forms, Contracts And Agreements]]></description>
			<content:encoded><![CDATA[<p>Largest Provider Of Personal/Business Forms &#038; Contracts On All Subjects. See Forms Related To Your Website. Windows 7 Certified.<br />
<a rel="nofollow" href="http://flvtv.VERACRUZ.hop.clickbank.net">Legal Forms, Contracts And Agreements</a></p>
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		<title>Principles and Precedents of Moohummudan Law: Being a Compilation of Primary Rules Relative to the Doctrine of Inheritance (Including the Tenets of the &#8230; Selection of Legal Opinions Involving Those</title>
		<link>http://typeofattorney.com/principles-and-precedents-of-moohummudan-law-being-a-compilation-of-primary-rules-relative-to-the-doctrine-of-inheritance-including-the-tenets-of-the-selection-of-legal-opinions-involving-those/</link>
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		<pubDate>Wed, 14 Jul 2010 13:24:36 +0000</pubDate>
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		<description><![CDATA[Product DescriptionThis is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.amazon.com/Principles-Precedents-Moohummudan-Law-Compilation/dp/1141902923%3FSubscriptionId%3D0Q190T5ZN0MBAQZPG202%26tag%3Dbooks4smarts-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D1141902923" rel="nofollow"><img style="float:left;margin: 0 20px 10px 0;" src="" /></a></p>
<p><b>Product Description</b><br />This is a reproduction of a book published before 1923.  This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process.  We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide.  We a&#8230; <a href="http://www.amazon.com/Principles-Precedents-Moohummudan-Law-Compilation/dp/1141902923%3FSubscriptionId%3D0Q190T5ZN0MBAQZPG202%26tag%3Dbooks4smarts-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D1141902923" rel="nofollow">More >></a></p>
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		<title>Google Scholar: Legal Research for Both Lawyers and Non-Lawyers</title>
		<link>http://typeofattorney.com/google-scholar-legal-research-for-both-lawyers-and-non-lawyers/</link>
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		<pubDate>Mon, 05 Jul 2010 17:46:18 +0000</pubDate>
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				<category><![CDATA[Class Actions]]></category>
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		<description><![CDATA[Making the most of your research time. Is it possible with all the stuff that you get with google, well the answer is yet, it is possible. By: Todd Spodek, Esq.: Google has recently launched Google Scholar, which is an amazing free resource for both lawyers and non-lawyers to research the law. Everyone can now [...]]]></description>
			<content:encoded><![CDATA[<p>Making the most of your research time. </p>
<p>Is it possible with all the stuff that you get with google, well the answer is yet, it is possible.         </p>
<p>By: Todd Spodek, Esq.: Google has recently launched Google Scholar, which is an amazing free resource for both lawyers and non-lawyers to research the law. Everyone can now read the full legal opinions of U.S. State, Federal and Appellate cases.</p>
<p>These cases can be searched by the case name, or topic. Further, one can now easily see how a legal opinion has influenced other Judges by reviewing the citing page, and related cases page.</p>
<p> For example if you wanted to read the famous NY Court of Appeals Case People v. Huntley which allows a defendant to challenge the voluntariness and lawful nature of any statement made to the police you could easily do that.</p>
<p> This is an important case to know about because if a defendant requests a Huntley hearing, and is successful at the hearing, any incriminating statements made will be precluded from trial. The hearing Judge will consider the following factors to determine if the statements were voluntary:</p>
<p> * Whether the defendant was in custody at the time of the statement. If so, whether the defendant waives hid Miranda rights.<br /> * Whether the police used unfair coercion or violence<br /> * Whether the police made promises to the defendant<br /> * Whether the defendant mad ethe statement on his own free will<br /> * Whether the statements were obtained as a result of an illegal arrest</p>
<p> The Judge must find that voluntariness beyond a reasonable doubt before the confession can be submitted to the trial jury.</p>
<p> Here’s how to use Google Scholar:</p>
<p> 1. Start at Google Scholar<br /> 2. Click Google Advanced Scholar Search on the right side of the search box<br /> 3. Type Huntley into the “with all of the words” search box<br /> 4. Scroll down to Legal Opinions and Journals, Search only Court opinions from the following states, and check New York<br /> 5. Click Search Scholar<br /> 6. Once you pull up the case, if you click on the “How Cited” link you can see 1) How this document has been cited and 2) Related documents.</p>
<div style="margin:5px;padding:5px;border:1px solid #c1c1c1;font-size: 10px;">
<p>Storobin &amp; Spodek LLP web site provides information on the<a rel="nofollow" onclick="javascript:pageTracker._trackPageview('/outgoing/article_exit_link');" href="http://www.storobin.com/penal.html">New York Penal Code</a>. We also provide information on the<a rel="nofollow" onclick="javascript:pageTracker._trackPageview('/outgoing/article_exit_link');" href="http://www.storobin.com/bankruptcy-courts.html">New York Bankruptcy Courts</a>. </p>
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		<title>Workmen&#8217;s Compensation: Legal Opinions on Various Phases of the Iowa Workmen&#8217;s Compensation Act</title>
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		<pubDate>Sun, 04 Jul 2010 13:22:41 +0000</pubDate>
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<p><b>Product Description</b><br />Originally published in 1915.  This volume from the Cornell University Library&#8217;s print collections was scanned on an APT BookScan and converted to JPG 2000 format by Kirtas Technologies.  All titles scanned cover to cover and pages may include marks notations and other marginalia present in the original volume&#8230;. <a href="http://www.amazon.com/Workmens-Compensation-Opinions-Various-Phases/dp/1112056254%3FSubscriptionId%3D0Q190T5ZN0MBAQZPG202%26tag%3Dbooks4smarts-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D1112056254" rel="nofollow">More >></a></p>
<p><a href="http://www.amazon.com/Workmens-Compensation-Opinions-Various-Phases/dp/1112056254%3FSubscriptionId%3D0Q190T5ZN0MBAQZPG202%26tag%3Dbooks4smarts-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D1112056254" title="Workmen's Compensation: Legal Opinions on Various Phases of the Iowa Workmen's Compensation Act " rel="nofollow"><b>Workmen&#8217;s Compensation: Legal Opinions on Various Phases of the Iowa Workmen&#8217;s Compensation Act </b></a></p>
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		<title>Supreme court upholds Americans Rights</title>
		<link>http://typeofattorney.com/supreme-court-upholds-americans-rights/</link>
		<comments>http://typeofattorney.com/supreme-court-upholds-americans-rights/#comments</comments>
		<pubDate>Mon, 28 Jun 2010 16:35:43 +0000</pubDate>
		<dc:creator>lawsuit</dc:creator>
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		<description><![CDATA[To keep and bear arms, states rights, border control, immigration, are just a few of the things that are becoming lawsuits daily&#8230; The supreme court upholds the right of Americans to be An American. You have to wonder about the status of this country when we have to go to court to obtain the rights [...]]]></description>
			<content:encoded><![CDATA[<p>To keep and bear arms, states rights, border control, immigration, are just a few of the things that are becoming lawsuits daily&#8230;</p>
<p>The supreme court upholds the right of Americans to be An American. You have to wonder about the status of this country when we have to go to court to obtain the rights guaranteed in the constitution, a body of law that has been in place for many years and this body of law that so many liberals, are trying to trample on.</p>
<p>Imagine a world where, only criminals have protection against harm from other people.</p>
<p>If the liberals have their way, only criminals will have guns&#8230;</p>
<p>This is really scary and it is not the American way.</p>
<p>Now we have two additional lawsuits, challenging unconstitutional bans of guns, in large American cities where only crooks have guns, amazing stuff.</p>
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		<title>Where Student Opinion Counts.</title>
		<link>http://typeofattorney.com/where-student-opinion-counts/</link>
		<comments>http://typeofattorney.com/where-student-opinion-counts/#comments</comments>
		<pubDate>Thu, 24 Jun 2010 13:20:24 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Class Actions]]></category>
		<category><![CDATA[Counts.]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[Student]]></category>

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		<description><![CDATA[We Offer Student Survey Opportunities. Where Student Opinion Counts.]]></description>
			<content:encoded><![CDATA[<p>We Offer Student Survey Opportunities.<br />
<a rel="nofollow" href="http://flvtv.EVON1015V.hop.clickbank.net">Where Student Opinion Counts.</a></p>
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		<title>Web 2.0 Making People More Comfortable With Their Legal Issues</title>
		<link>http://typeofattorney.com/web-2-0-making-people-more-comfortable-with-their-legal-issues/</link>
		<comments>http://typeofattorney.com/web-2-0-making-people-more-comfortable-with-their-legal-issues/#comments</comments>
		<pubDate>Wed, 23 Jun 2010 15:00:50 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Class Actions]]></category>
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		<description><![CDATA[This is probably the worst advice you could ever get, but it is here to remind you that even bad articles can get posted at many websites online, read it at your own risk. Almost everyone at some point in our lives would require the services of a lawyer. For some, the requirement might be [...]]]></description>
			<content:encoded><![CDATA[<p>This is probably the worst advice you could ever get, but it is here to remind you that even bad articles can get posted at many websites online, read it at your own risk.           </p>
<p>Almost everyone at some point in our lives would require the services of a lawyer. For some, the requirement might be as basic as having someone to give legal advice before transferring or buying a property, creating a will or getting a legal opinion before commencing with a business deal. For some unfortunate ones, the requirements are more complex like getting a divorce lawyer, a criminal lawyer or getting the best possible lawyer before proceeding to take legal action against a company or an individual. </p>
<p>&#13;</p>
<p> </p>
<p>&#13;</p>
<p>Whatever may be the requirement, one thing that almost all of us would unanimously agree is that searching for the right lawyer can be a real pain. In fact for most people just the thought of soliciting the services of a lawyer is enough to give them sleepless nights and most just don’t know where to begin or how to go about contacting various lawyers and choosing the best one for their requirements or unique situation.</p>
<p>&#13;</p>
<p> </p>
<p>&#13;</p>
<p>If you are one of those individuals as well who just don’t know what to do in order to search for the best lawyers, then welcome to the world of web 2.0. The internet has already changed a lot of things in our lives like the way we communicate, the way we shop, the way we research about a particular subject etc. But now the next wave of internet websites, popularly known as web 2.0, are changing things even further and one of those is how we look at law, understand legal situations and best of all, how we solicit the services of a lawyer. </p>
<p>&#13;</p>
<p> </p>
<p>&#13;</p>
<p>Legal networking sites have made the general public much more comfortable with all aspect of the law and made them realize the law is there to help them and is nothing to be scared of. One of the great features of these sites is normal users can register for free and post their problems or grievances and not only can they get advice from fellow users, they can get accurate legal advice from real lawyers who are registered users of these websites. You can even have lawyers who specialize in the field in which you have a problem contacting you and offering their services. </p>
<p>&#13;</p>
<p> </p>
<p>&#13;</p>
<p>You can find lawyers of absolutely any specialization in these sites from personal injury lawyers to divorce lawyers, criminal lawyers, business lawyers, lawyers specializing in real estate, insurance, immigration, employment etc. The list is absolutely endless and you can not only have lawyers contact you, but the websites actually list the lawyer’s entire details like their specialization, distance from your postal code to their office and their exact location. Apart from this, any user can access the lawyer’s entire profile which has detailed information on their practice, experience and traditional resume. </p>
<p>&#13;</p>
<p> </p>
<p>&#13;</p>
<p>Never before has interacting with a lawyer of your choice been so easy. Even those who have never interacted with a lawyer before are finding it really simple to now get expert legal advice and judging by the growth of these legal networking sites, it can be clearly seen how comfortable everyone has become with legal issues using web 2.0.</p>
<div style="margin:5px;padding:5px;border:1px solid #c1c1c1;font-size: 10px;">
<p>Austin Mark is a lawyer working with <a rel="nofollow" onclick="javascript:pageTracker._trackPageview('/outgoing/article_exit_link');" href="http://www.lawyerahead.com">lawyerahead.com</a>, one of the leading legal networking sites on the net. You can access the Canadian version as well as <a rel="nofollow" onclick="javascript:pageTracker._trackPageview('/outgoing/article_exit_link');" href="http://www.lawyerahead.ca">lawyerahead.ca</a></p>
</div>
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		<title>Eco Diaster, lawsuits</title>
		<link>http://typeofattorney.com/eco-diaster-lawsuits/</link>
		<comments>http://typeofattorney.com/eco-diaster-lawsuits/#comments</comments>
		<pubDate>Fri, 18 Jun 2010 13:00:17 +0000</pubDate>
		<dc:creator>lawsuit</dc:creator>
				<category><![CDATA[Class Actions]]></category>
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		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[corporate]]></category>
		<category><![CDATA[Amazing Stuff]]></category>
		<category><![CDATA[Amount Of Money]]></category>
		<category><![CDATA[Bp]]></category>
		<category><![CDATA[Current Administration]]></category>
		<category><![CDATA[Image Campaign]]></category>
		<category><![CDATA[Lawsuits]]></category>
		<category><![CDATA[Oil Spill]]></category>
		<category><![CDATA[Speculation]]></category>
		<category><![CDATA[Sum Of Money]]></category>
		<category><![CDATA[Toyota]]></category>

		<guid isPermaLink="false">http://typeofattorney.com/?p=1100</guid>
		<description><![CDATA[Will BP file for bankruptcy? Rumors, abound and are speculation at this point, but many feel that if pressure from the current administration, which is not friendly to business, allegedly, that is not union, allegedly, The first thing that needs to be done here is to clear the air, because everyone has been calling this [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Will BP file for bankruptcy?</strong></p>
<p>Rumors, abound and are speculation at this point, but many feel that if pressure from the current administration, which is not friendly to business, allegedly, that is not union, allegedly, </p>
<p>The first thing that needs to be done here is to clear the air, because everyone has been calling this an oil spill and that is not accurate.</p>
<p>It is a leak, and a man made one at that&#8230;</p>
<p>Spill, (from the top)</p>
<p>leak from below&#8230;</p>
<p>Oil spill lawsuits, have you been effected?   There are indications that the amount of money being spent, on advertising, is allegedly more than what is being spent on helping the people who are unable to make a living due to the oil spill. </p>
<p>No one knows for sure, and if that is true why not?</p>
<p>Why are they not doing all they can to really stop this thing, it is common to spend big bucks on a PR, image campaign, while spending less to fix the problem, just look at Toyota, allegedly spending a huge sum of money to enhance image and PR, while not doing much allegedly for the customer. </p>
<p>It seems like the corporate thing to do, the only thing missing from the recent ad was a tear slowing streaming down his face, amazing stuff I know, I am not convinced that they are doing all they could be doing, allegedly. </p>
<p>So what is up with this kind of stuff, we have a company that could be doing more, but it seems like they are not doing all they can.</p>
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		<title>Attorney Reveals Legal Strategies for Protecting Assets</title>
		<link>http://typeofattorney.com/attorney-reveals-legal-strategies-for-protecting-assets/</link>
		<comments>http://typeofattorney.com/attorney-reveals-legal-strategies-for-protecting-assets/#comments</comments>
		<pubDate>Tue, 15 Jun 2010 18:58:11 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Class Actions]]></category>
		<category><![CDATA[Asset Allocation]]></category>
		<category><![CDATA[Asset Protection]]></category>
		<category><![CDATA[Assets]]></category>
		<category><![CDATA[attorney]]></category>
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		<category><![CDATA[Investment Returns]]></category>
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		<category><![CDATA[Lawsuit Protection]]></category>
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		<category><![CDATA[Multidisciplinary Approach]]></category>
		<category><![CDATA[Prenuptial Agreement]]></category>
		<category><![CDATA[Protecting]]></category>
		<category><![CDATA[Protecting Assets]]></category>
		<category><![CDATA[Reveals]]></category>
		<category><![CDATA[S Corporations]]></category>
		<category><![CDATA[Strategies]]></category>
		<category><![CDATA[Tax Background]]></category>
		<category><![CDATA[Tax Id Numbers]]></category>

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		<description><![CDATA[Wow this is almost like a license to cheat, but could it also be a blueprint for someone to fight back&#8230; What exactly is Asset Protection and how do you determine if someone can benefit from it? Asset Protection is really a multidisciplinary approach to strategic planning methods including: Lawsuit Protection, Estate Planning, Privacy Protection, [...]]]></description>
			<content:encoded><![CDATA[<p>Wow this is almost like a license to cheat, but could it also be a blueprint for someone to fight back&#8230;       </p>
<p>What exactly is Asset Protection and how do you determine if someone can benefit from it? Asset Protection is really a multidisciplinary approach to strategic planning methods including: Lawsuit Protection, Estate Planning, Privacy Protection, Tax Reduction and Financial Strategies which maximize investment returns while minimizing risk through diversification and asset allocation. Combining all strategies under one roof, so to speak, really helps clients achieve their objectives without consulting several specialists. When clients visit an attorney for a legal opinion or, CPA for a tax opinion and a Financial Advisor for a financial opinion, they sometimes get conflicting information and become thoroughly confused. Not only that, but they probably get three separate invoices in the mail for their time.</p>
<p>
<p>Q: Could you be more specific as to what you do for clients and who would need this type of protection?</p>
<p>
<p>A: I typically use traditional entities but I add customized unique asset protection attributes. I integrate these entities into a comprehensive strategic plan where each entity serves a special purpose. The basic building blocks includes: Limited Partnerships, Limited Liability Companies, C-Corporations, S-Corporations, Revocable and Irrevocable Trust, Encumbrances, Powers of Appointment and specially drafted contracts and agreements.</p>
<p>
<p>Q: You hear so much about IRS these days. Are these strategies legal?</p>
<p>
<p>A: Yes, all the entities I create have Tax ID Numbers and are set up in compliance with all Federal and State laws. That is why it is so important to have a CPA involved. There are too many people without the requisite tax background trying to do this type of work. It’s a shame to see a plan fail due to poor tax planning and advice.</p>
<p>
<p>Q: Marriage and divorce are important events in people’s lives. Do you recommend any special considerations for clients considering either?</p>
<p>
<p>A: Prior to marriage we recommend a Prenuptial Agreement prepared with special asset protection features. During marriage we use a Postnuptial Agreement with detailed provisions protecting wealth. Under California law, we can create legally binding documents that protects both assets and income.</p>
<p>
<p>Also, separate property trusts and business structures and contractual arrangements can legally shield Hard Earned Wealth from Unreasonable Divorce Settlements. Of course timing is critical. The earlier we see the client the more effective the plan will be.</p>
<p>
<p>Q: How does the new tax law impact your planning strategies?</p>
<p>
<p>A: Very much so, Dividend and capital gain rates have been reduced to 15% and ordinary income is still taxed at over 35%. Our planning strategies have been uniquely customized to permit the maximum tax reduction under the new law. At the same time we continue to use traditional tax savings methods such as pension plans and deferred exchanges to further reduces taxable income. This new law others a limited opportunity to take advantage of these tax breaks. Preplanning is still very important for each client we look for possible restructuring of their legal entities and their asset holding and their liquid asset portfolio.</p>
<p>
<p>Q: A lot of people wait to the last minutes to do any type of planning. When is the best time to set up your asset protection plan?</p>
<p>
<p>A: The earlier the better. The best time to prepare an asset protection plan is prior to any lawsuits or potential claims. Asset protection is like a chain, only as strong as the individual links. Inadequate plans can be overturned and disregarded. If there is a problem lurking, only the most capable and competent Attorney/CPA should be contacted.</p>
<p>
<p>Q: Is Asset Protection expensive?</p>
<p>
<p>A: Asset Protection is not only for the super wealthy. A very basic asset protection plan can be set up for as little as $1,500 to $4,000. More complex structures can cost $5,000 to $10,000 and up. We try to keep annual costs very low. Some states charge only $50 per year to maintain an entity. Most clients end up saving many times the initial fee the first year. Also future tax benefits and investment returns will usually pay for the plan many times over.</p>
<div style="margin:5px;padding:5px;border:1px solid #c1c1c1;font-size: 10px;">
<p>Steven Sears, Attorney and CPA offers Asset Protection and other services in Irvine, CA. For more information, visit: http://www.corpadvisor.com</p>
</div>
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