Legal-Ease: Knowing goals creates best estate plans

When it comes to estate planning, knowing goals is the first step to getting great legal advice from lawyers. Clients who go into estate planning knowing specific goals are more likely to efficiently land on the right estate planning tools to achieve what they want. Attorneys can help clients analyze their priorities, but it’s much more efficient (and affordable) if a client goes into estate planning knowing what they truly want. 

Legal-Ease: Insurance’s hidden value

Minimizing risk is typically a goal of the type of law that Lee practices. Sometimes insurance policies can’t provide what legal tools can provide, and other times legal tools can’t provide the value that insurance can bring to people, businesses and farmers. 

While sometimes successful people just seem to be lucky, often it’s a matter of smart planning and research that leads to success. Lee helps his clients analyze their liability insurance and to decide what additional legal tools are necessary and whether the client is appropriately insured or over-insured. 

Legal-Ease: School bus traffic laws

It’s almost time for students to head back to school, which means it’s time for drivers to encounter school buses on the road. Drivers must stop at least 10 feet from the part of the school bus that’s closest to the driver. So if a school bus is stopped on a one-, two- or three-lane road, all traffic going in both directions must stop at least 10 feet from the bus. The bus driver should not move the bus until the students are no longer in the roadway. Other drivers can move again once the school bus begins moving again. 

Legal-Ease: How much tax will I owe when I sell my property?

The tax paid on the sale of investment property is called capital gains tax. Capital gains tax is calculated against the amount earned by property that increased in value by its nature and not by the virtue of the owner’s income, rental income or interest earnings. Capital gains tax rates are typically lower than income tax rates. Capital gains tax will usually become a consideration when someone sells stocks, bonds or real estate. Calculating capital gains tax liability can range from very simple to much more complex for some real estate.