By using multiple wills, individuals such as estate owners may be able to reduce or even avoid the taxes on their estate, based on what the will stipulates. Although this method sometimes puts individuals in difficulty, it is often used as a way to reduce the amount of taxes that have to be paid for assets or property.
How Can It Help Reduce Taxes
By using several wills in order to break up an estate, the owner may effectively reduce or even avoid taxation when the property is passed down. This is often used along with other documents that prevent much of the monetary value from transferring from the estate to the heir. These are either in form of additional wills or documents that hide certain aspects from taxation. Through careful planning, an individual may be able to keep the estate intact after death, however, this requires additional methods to be used in conjunction with the multiple wills.
Secondary Methods That May Be Used
There are several methods that are usually used in order to fully protect an estate from taxation, however, the most often encountered one is the passing of the business to another person or trust. There are also cases where the estate owner has gifted considerable amounts of money to their spouse or an individual from outside the family.
Alternatively, some prefer to transfer large chunks of the estate to dependents, such as underage children. In this case, they would become the owners, however, the property would be financially locked down until they would be old enough to administer it. This is also one of the safest methods, simply because most states have laws that are designed to protect the inheritance of minors until they are old enough to legally take possession of it.
It is also possible for the estate owner to hire a director whose job is to find ways to bypass state laws by using a will through which to designate what each family member will receive.
Hiring a Lawyer to Help with the Will
For the most part, estate owners prefer to hire one or more lawyers to draft, create, and help enforce the wills. This is an essential step that must be taken in order to ensure that all of the wills are valid and that there are no contradictions between them. Depending on the size of the estate and on the complexity of the methods used to avoid taxation, owners may either hire a lawyer, or an entire law firm that has the sole purpose of ensuring that the property is properly passed down when they die.
Also Read: The Best Way to Find Reliable Lawyer Contact Information
If you are looking for an attorney email list, the best way to contact a lawyer is through an attorney database. We have this data compiled in our website so you can easily contact lawyers from all U.S states.
This having been said, there aren’t many fast and reliable ways to find a lawyer. You can always try your luck the old-fashioned way, either looking for ads in a newspaper or by going online and using search engines to find contact information. While these methods may sometimes give useful results, manually looking for information can be extremely tedious and unreliable. In most cases, the lawyers that have ads in the newspaper put up a great show but are not actually effective and online queries may turn up obsolete information or details that are locked up behind a fake paywall.
One of the newer options when it comes to finding lawyers is using a prebuilt list or a lawyer database. A specialized listing can be a very powerful tool when it comes to finding reliable information fast. Although these are generally designed to cater to the needs of entrepreneurs or businessmen that require legal representation on a regular basis, they can be equally useful to community leaders so that they may help others.
Using a lawyer database can be a lifesaver
The main advantage of using a database is that it can effectively eliminate all research time. If the database is in .xls/csv format, it will be possible to open it using any regular spreadsheet manager. This means that finding a number or an address is as easy as booting up your laptop, opening the file and performing a search. Those who have apps such as Microsoft Excel or Google Spreadsheets on their smartphone may even transfer the database to their device and use it on the go.
Generally speaking, a lawyer database contains a very large amount of information, from contact details such as phone numbers, direct email, professional media accounts, and physical addresses, to revenue information. This enables users to use the tool as a phonebook, but also as an attorney email list that can serve as the basis of a highly targeted marketing campaign.
We live in an age where time is money. Regardless of why you need the information, having access to a database that contains the contact details of lawyers from all over the United States can be extremely useful. Finding a specific contact or reorganizing the contacts so that you can extract various types of information can be done with only a few clicks. There is no need to go through paywalls, close pop-up ads, or worry about getting fake information. Everything is easy to access and using a database is as easy as it is to work with any other type of spreadsheet.
Find the best professionals around by looking at the bigger picture
Even headhunters and other recruiters can get a lot of use out of a database, due to the fact that it is usually a lot easier to choose highly specialized people when you can see the bigger picture. Furthermore, there is also the fact that knowing how much a person charges for his services can go a long way in determining how much money to offer him.
It is also important to keep in mind that the listings can be organized in various ways, allowing you to get an idea of what lawyers and attorneys there are in your area, as well as whether they are part of a law firm or if they’re independent.
Access to reliable information that you don’t have to double-check
Looking at information online isn't always safe. Even if we're to ignore the fact that a large number of websites require you to pay a subscription in order to access only a few contact details, there is always the possibility that the information will either be face or obsolete. This is usually because these platforms gather their data by illegally acquiring databases built using scam-websites and malware that is designed to steal personal data.
Professionals, especially law practitioners understand the danger of having their private information stolen, which means that when they notice that their contact information has been made public, they will change it.
On the other hand, a database is not a simple list of lawyers. The information contained within is gathered from several types of sources, from yellow pages, newspapers, leaflets, and direct phone queries. In other words, lawyer databases are created using information that the professionals openly disclose, ensuring that it is reliable. This may not seem like much, but when you’re in a hurry, paying for access to a single piece of contact information only to find out that it is obsolete can be disastrous.
Having the information is only the beginning
Keep in mind that having the contact information at your disposal is only the beginning. How you use the data is important. Ideally, it is better to choose several lawyers and send emails explaining what you need from them. In other words, if you have access to a lawyer database, use it to its full extent. Not many have the ability to contact hundreds or thousands of law practitioners with only a couple of clicks.
Those who have found themselves urgently requiring the services of a lawyer know that when it comes to legal issues, the faster you can find someone to take your case or advise you, the better. Going online to find the information that you need does not always produce reliable results. On the other hand, getting a newspaper and going through the ad section may give you reliable information but then there is a chance that the lawyers will not be at the top of their game.
The best source of information is a lawyer database that will give you access to vast amounts of information, regardless of where you are and whether you have an internet connection or not.