Reasons – Why Estate Planning Is For Everyone

Estate planning is the process of considering and setting up a legal arrangement that may be followed in handling and distributing your estate upon your death as you have directed. Many people think that estate planning is most beneficial for the elderly or the wealthy. However, estate planning is beneficial for everyone, regardless of age, marital status or net worth.

Although an experienced estate planning lawyer can provide you with the specific reasons as to why estate planning may be right for you, below are the top 4 reasons why estate planning is for everyone.

Loss of Mental Capacity – If you become mentally incapable of making decisions as to how your estate should be handled or distributed, a properly devised living trust and durable powers of attorney for financial matters will carry out your wishes and directives.

Guardianship of Minor Children – Without a plan, the decision of who is best suited to raise your minor children will be made by the court upon your death or in the event that you become incapacitated. However, with a plan, you are able to designate the guardians who you decide are best fit to raise your children.

Avoiding Probate – If you do not have a plan, your estate may be subject to probate upon your death. Although you will not have to deal with the slow process of probate, your loved ones will. So, in order to avoid it and ensure that your estate will be distributed as smoothly as possible upon your death and according to your wishes and desires, you should seek the advice of an estate planning attorney while you are still alive.

Comfort – If you have devised a good estate plan, you will be comfortable and confident knowing that you have protected your loved ones and the distribution of your assets upon your death. A good estate plan will avoid the confusion and chaos of an unplanned distribution of your assets upon your death.

The bottom line is that planning ahead, while you are still capable of doing so, can reduce the uncertainty and confusion that may occur over the distribution of your estate and guardianship of your children upon your death.

Call An Experienced Estate Planning Lawyer Today!

For more information about estate planning or to schedule a complimentary consultation with an estate planning lawyer, please call Lifetime Legal at (805) 419-5290.

About The Author

Lifetime Legal is a California based estate planning attorney representing clients in a diverse range of matters pertaining to estate planning law, business law, Probate, wills and trusts and real estate law.

Information On Port Mortgage Negative Equity

To port a mortgage means that you are transferring an existing mortgage to a new property, commonly referred to as portable mortgage or simply port mortgage. Essentially, you would want to port your mortgage in order to get out of dangerous grounds like negative equity which can become severe if left with no action. Low interest rate could also encourage you to go for port mortgage so as to take advantage of the current low rates. Porting your mortgage can also help you escape possible penalties.

Limited lenders
It is understood that only a few lenders would allow you to port mortgage due to negative equity because they want to limit risks as much as possible. Most of them did allow borrowers to port mortgage negative equity during the early nineties but this was specifically done as a way of stimulating the market. There are still a number of them allowing it and you might be lucky to find out that your lender is one of them. All the same, if you really think that port mortgage negative equity is the best option you have got, don’t be discouraged. Go a head and discuss it with your lender, convince them why you think you must do it.

Better than selling
When faced with negative equity, most borrowers find themselves in devastating conditions with very limited options. Often, selling the property could just be the main alternative available to you as a victim of negative equity. However, selling is not actually a wise decision because it can often be a cause of significant mortgage shortfall and this will worsen the situation further. Instead of selling, porting will be most appropriate in such circumstances and you will need to consult with your lender before making any move towards selling. Provided you have no intentions of acquiring additional lending, there are some lending entities that will allow you to port your current mortgage to a new property all together. Examples of lenders that can allow you to port your mortgage include Lloyds Banking Group (part of it), Lloyds TSB and Halifax, plus Nationwide and Coventry building societies.

You can port part of the mortgage
If you are not keen on porting your entire current mortgage, it is still possible to port just part of the mortgage and be left with the rest. This would happen in circumstances where you still want to retain some of the current features due to specific reasons that would favor your situation. It could be that there are certain features of the mortgage you do not want to let go. Maybe it’s a special rate that you want to retain because you will not enjoy it if you port your entire mortgage.

Extended Stay Apartments Work for the Business Traveler

Traveling can be fun, and often is seeing new places, meeting new people, getting out of your comfort zone are activities many people enjoy. In the case of business travel, travelling can be a bit more stressful and extensive. Staying in a small hotel room is fine for a few days, but after a week it can wear on you, especially if that hotel is not just your bedroom, but also your office.

Corporate housing is perfect for these sorts of travelling situations. For multiple week work stays, short term housing cant be beat for comfort and price. Corporate housing is generally a few times larger than your average hotel room, allowing you to stretch out and get away from work when you want to. These are furnished apartments, and that includes refrigerators, ovens, and washer/dryers so you can accomplish necessary tasks like eating and laundry without leaving the house. Instead of staying near an airport, youll be able to live in a residential area, potentially close to the business or cultural districts of the city youre visiting. These advantages will cut down on homesickness and allow you to feel part of the city youve travelled to for the short time that you are there.

Short term housing also allows you a comfortable space where you can invite business colleagues or family to visit. You could potentially bring family members along on the trip, or have roommates to save on expenses if it is a multiple-employee contract.

The corporate housing solution, while more luxurious, can also be less expensive than a hotel. After staying for 30 days, hotel taxes are no longer applicable to extended stay apartments, so that sizable expense (nearly 25% of the room sometimes) is removed from your or your companys bill.

Your employees will also most likely appreciate the corporate housing experience more than being stuck in a hotel for weeks. Being able to take advantage of the amenities of an apartment complex, like pools or fitness centers, being able to cook and welcome your family into your temporary home, all of these things are important to the business traveller. They may be especially important for the business traveller who is relocating somewhere new and needs a place to stay while they search for an apartment or house near their new job.

Corporate housing can be an excellent solution for the business traveller or relocating worker. Your employees will appreciate you for providing the comforts of a home away from home and your employee will more than likely be happier and more productive. Its a win-win situation in the world of short term housing.

Basic Information on Estate Planning Lawyer St Louis

There will be a time where most of the people will need the assistance and advice of an estate planning lawyer St Louis. Moreover, the lawyer can also help an individual to manage and allocate the property in the right way during a death or incapacity. Some of the areas where estate planning attorneys concentrate include the release or granting of the assets and managing the taxes. A good and reliable lawyer will also plan and allocate the estate and other properties of the clients to their heirs. Moreover, as these experts posses great skills and knowledge, they can give the best advice for the clients to plan and set up the assets. As one will be able to plan the property and assets in the best way with the help of an attorney, there will be no troubles in managing or distributing the properties.

Take care of the Estate Plans and Trusts:

Apart from helping the clients to take care of their estate plans and trusts, a good and reliable lawyer will also give insights to the clients regarding their life insurance laws and retirement plans. On the other hand, they can also settle the trusts, wills, estate plans as well as the needs that require court litigation. However, when looking for an estate planning attorney, it is very important to ensure that he or she has detailed knowledge on properties, wills and trusts. They should also be well versed with state and federal laws.

Selecting the Best Lawyer:

Although one will be able to find numerous options when looking for an estate planning lawyer St Louis, considering the above mentioned aspects and choosing the best is very important. Basically, when a person looks for an estate planning attorney, he or she will be able to find two basic kinds of attorneys. They are the litigation real estate attorney as well as the transactional real estate attorney. Therefore, choosing the right expert, who will be able to understand the real needs and demands of the clients and provide them with the best solutions is quite imperative. Before finalising an attorney, it is also necessary to consider their experience and reputation in the field. Apart from the estate planning, they should also be specialized in dealing with other assets, holdings or properties. As one will be able to manage and allocate the properties in the right way with the help of a lawyer, they can also improve the value of the properties.

Author Resource:

James Stew is conveying information about estate planning lawyer St Louis and . You’re probably thinking, everyone says that, so, what’s different here. It’s the commitment of quality, genuineness, and a guarantee that values your time and interest.

Duplex Apartments In Kolkata

Duplex apartments in Kolkata are the latest craze among people who cannot afford the luxury of a penthouse or a villa. You would just need to invest a little extra than what you normally would have invested for a single story apartment. The rest can be taken care of by your home loan account which is also tax saving. Even a few years back duplex apartments in Kolkata were a rarity. But now, with the real estate sector booming in Kolkata, you would get a lot of options within your budget for a duplex apartment.

Areas like Rajarhat, Garia, Behala and Tollygunj are coming up with new residential projects and while the apartments are still under construction you can get a good deal on them. You would definitely get your dream duplex apartment in Kolkata among these up coming projects or projects that are already completed and ready for hand over to buyers by reputed builders of Kolkata, that too at extremely competitive prices.

Duplex apartments in Kolkata are the latest craze among property buyers. Residential projects coming up in developing locations like Rajarhat, Behala, Garia and Ultadanga all have a number of duplex apartments among other kinds to offer to interested buyers. Duplex apartments not only look great but they are extremely spacious. It is very difficult and expensive to buy a double storied house in Kolkata today and very unsafe too. These duplex apartments in Kolkata give you a feel of two storied house within a single apartment along with the security of staying in a housing complex.

You would get a variety of choices regarding duplex apartments in Kolkata, from a variety of reputed builders, for a variety of prices and at different locations. You can choose according to your needs and budget. Just remember that while buying a residential property, the most important things are location and the builder, more than anything else. Go ahead and buy your duplex apartment in Kolkata and be the proud owner of your dream apartment.

Lavish studio apartments with state-of-the-art interiors at Imperia Elvedor, Gurgaon

The Imperia group launched the pioneer project Imperia Elvedor in Sector-37C Gurgaon. The project is part of a mixed use development which consists of residential group housing, residential affordable group housing, Information Technology Park and Commercial spaces. The project has an apt location of sector-37C which is the fastest growing sector in Gurgaon. The suburban region that the project falls in is known as the Dwarka Expressway. The project has outstanding connectivity via the Dwarka Expressway and National Highway -8(NH-8). The project can be easily accessed from Delhi in just a duration of 20 minutes. The project also boasts of ample metro connectivity as the present metro station lies at a close distance from the project and the proposed metro station will further enhance the metro connectivity of the project. The Indira Gandhi International Airport lies at just 10 minutes distance from the project site which will thereby ensure seamless air connectivity. Imperia Elvedor is a the perfect address for the shopping addicts as the high end malls on MG road can be very easily reached from the project site. The neighborhood of the project comprises of reputed projects like Imperia Esfera, ILD Spire Greens and Corona Optus. A number of premium schools, hospitals and commercial districts lie within a close radius of the project which will enhance the social infrastructure around the project and will improve the lifestyle of the residents.

Imperia Elvedor in Sector 37C, Gurgaon will have the options of studio apartments and these apartments will come in two sizes of 659 square feet to 900 square feet respectively. The floor plan has been designed effectively and it maximizes space. The studio apartments have been designed to complement the 24/7 work-life culture. These apartments have been designed keeping in mind international standards and are aimed at giving an environment that will enhance the productivity of the residents.

These high end luxury studios will be semi/fully furnished as per the needs of the residents. The apartments here will have grand entrances for the apartments with separate passengers and service elevators. The developer has provided for ample multi-level car parking space and has also ensured 3 tier security to the residents.

There are a number of amenities that will adorn the residences of Imperia Elvedor, Gurgaon. The project features an exclusive clubhouse that will feature world class amenities. These will include an indoor gym that will enable the residents to work out anytime and stay fit. To rejuvenate your senses, the developer has provided for a premium spa. The swimming pool will let the residents beat the heat and the yoga room will help the residents to feel stress free. The cards room and the billiards room will be other options to enjoy he free time.

Mortgage Meaning. What Is A Mortgage

We hear the word all over. A couple of years ago, they were being signed like they were going out of fashion; a large mortgage was akin to a large salary at the end of month. But the times have changed and in Dave Ramsey’s words, the paid-off home mortgage has taken the place of the BMW as the status symbol of choice.

But, what does exactly mean? The word ‘mortgage’ comes from the Old French and Latin. In Latin, mori (turned into the mort- part in ‘mortgage’ in Old French) means ‘death’ and -gage means ‘pledge’. Thus the words: ‘death pledge’.

The word mortgage comes from the Old French and Latin. In Latin, mori (turned into the mort- part in mortgage in Old French) means death and -gage means pledge. Thus the words: death pledge.

I can see how, hundreds of years ago, taking on a 30 year mortgage was comparable to signing yourself into bondage for life. As Earl Wilson correctly put it, if you think nobody cares about you try missing a couple of mortgage payments. Thats the ultimate Litmus test for love.

Funny words aside, etymologically, mortgage means that the pledge dies either when the obligation is fulfilled or when payment fails and the property is repossessed.

Interestingly, the French use mutated back into hypothque, derived from the classic Greek and meaning to put something under something else.

In some countries, like France and Spain where they have a civil-law system, a mortgage is closely or even solely related to a loan against real estate or property whereas in common-law, it represents any device in which a debtor (mortgagor) conveys an interest in property to a creditor (mortgagee) as security for the payment of a money debt. The Anglo-American definition has a broader meaning than its civil-law cousin, the hypothec.