Growing Income with an Estate Practice

Estate Planning Practice
Estate planning

Estate planning in the United States has evolved from English, European, and Middle Eastern traditions.  During Biblical times, custom required people to leave property to their firstborn. Centuries later in Greek and Roman times, decedents could transfer property to other people. Estate planning remained mostly unwritten until the Middle Ages when Roman Emperor Justinian adopted a law requiring written wills. The requirement for written wills was perpetuated by English statutes adopted during the Post-Medieval Period. In modern times, written estate plans are still essential for individuals wanting to distribute property to family, friends, and others of their choosing. 

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What Is Legal Translation and Why are Professional Legal Translators Necessary

Legal matters can be disconcerting on the best of days, and just like there is every reason to hire a professional lawyer, hiring a professional legal translator has more than just passing merits as well. If there is a need for professional legal translation services, chances are pretty good that there is also a need for an attorney. 

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Gaining Goodwill by Organizing Estates

Estate Planing

About four years ago, musician Prince Rogers Nelson died from an overdose of an addictive pain killer at the age of 57. He was beloved by the citizenry of his hometown but died without a living spouse, children, or parents. His relatives are now battling over his estate which is valued between $100 to $300 million. Administration of the estate is complicated by his failure to leave a will and personal financial records.

Help your clients avoid Prince’s problems by organizing their estates.

This article contains tips and resources to help clients organize important documents and personal information.

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Uncertainty, COVID-19 and Estate Planning: A Unique Opportunity to Plan

By Norman J. BenfordLinda B. Hirschson and Diana S.C. Zeydel

The Coronavirus Disease 2019 (COVID-19) pandemic has created personal uncertainty for many due to living in quarantine and apart from extended family members, and financial stress due to market volatility and the unclear future for some businesses. Yet, it may be a sensible time to engage in estate planning, not only because the pandemic has shown the importance of personal planning, but also because reduced asset values and historically low-interest rates enhance the ability to engage in cost-effective wealth transfers. 

This GT Alert provides a brief overview of estate planning measures that may be considered in the current environment.

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Reopening Offices and Restoring Profitability

Gardens of Babylon

About 2,500 years ago, Babylon’s King Nebuchadnezzar laid siege to Jerusalem, destroyed its Temple, and exiled its citizens to Babylonia. Around 60 years later, Persia’s King Cyrus conquered Babylon and allowed the expatriates to return to Jerusalem and rebuild their Temple. Restoration of the Temple was a spiritual renewal after a devastating exile. A modern-day renewal of spirits will occur as Covid-19 exiles return to their offices and rebuild their practices. 

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Successfully Working at Home

Over 140 years ago, Louis Pasteur revolutionized the treatment of infectious diseases by developing vaccines for anthrax and rabies.  After his death in 1897, virologists continued using Pasteur's discoveries to create vaccines against chickenpox, measles, mumps, yellow fever, rubella, and tuberculosis.

Modern-day microbiologists are likely to use Pasteur’s principles when they develop a vaccine for the Coronavirus.  Meantime, Coronavirus exiles can read this article for tips and resources to successfully work from home.

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