Estate Planning Seminar for LGBT and Same Sex Couples

Engel Law Offices is excited to announce that we are presenting at a seminar regarding estate planning and legal issues for the LGBT community.

The first session is February 28, 2011 at Wise Guys Comedy Club in Syracuse NY. The session begins with a networking session at 6:00 and presentation at 6:30. We will be discussing health care proxies, living wills and powers of attorney.

Hope to see you there.

Need for Estate Planning

Need for Estate Planning

I do not intend to be Chicken Little with this post. However in 2011 unless Congress acts to extend the estate tax credit all estates over $1,000,000 in value will be taxed at 55% of the entire value. This means that many people who previously would have had few estate tax issues presently need to examine planning options to protect their assets for their heirs.

That means that If planning has not already begun, the clock is ticking. What do you need to do in order to be ready?

The first thing you need to do is determine what your net worth is. Compile your account statements as well as your real estate holdings. The combination of these two basic totals will give you an initial basis of your basic net worth. If you are a business owner a valuation of your interest n the business will be necessary to include in the calculation. Once your net worth is established it is imperative to sit with an estate planning attorney to determine how to preserve your assets

When you sit with your estate planning attorney make sure you bring with you your net worth documentation so that the planner may review the assets to determine what else may be included in the calculations. That will make sure all information is available to make the best plan for you and your family ensuring the assets you worked hard to obtain will be able to be there for your children.

The estate planning attorney will explain the various options for you. They will start talking about different trust vehicles that may fit your needs. Listen carefully and understand certain trusts will divest you as the earner of this income of control of the assets. Others will allow you to maintain control but may lose certain benefits to you. Each individual’s circumstance is extremely specific so meet with your planner to best determine your need and the right planning to protect your assets as well as ensure your family is able to enjoy what you have worked hard to attain rather than the US government.

Todd Engel
[email protected]
http://www.engelatty.com
Twitter: http://www.twitter.com/toddengel

What to look for when hiring an attorney

When looking to hire a new attorney there are five things you should always consider.

1. Comfort Level

When you initially reach out to the new attorney, are you comfortable with the manner he or she contacts you? Do you actually have the ability to speak with the attorney who will be handling your matter when you call? Are your initial questions answered? If the answer to any of these questions is no, you may want to consider looking at additional attorneys. At Engel Law Offices, you will speak to the attorney representing you immediately, there will be no middle man for intake purposes. You will have access via email to that attorney. At Engel Law Offices, communication is the cornerstone to a good attorney client relationship.

2. Size of Office

Can the attorney service your needs fairly? Law firms run the gamut from solo practitioners to firms with hundreds of attorneys. A solo practitioner like myself can represent people with all types of legal needs. Smaller offices can and do provide individualized attention to your needs.  Larger offices may fit your need and if that is so, then utilize their services, but please remember that you are hiring the lawyer and need to be able to have a working relationship with him or her. At Engel Law Offices, effective and quick response times are instrumental to our communication with the client. It is important that you feel that your case is important and that the office is available and accessible to you, the client.

3. What are you looking for?

A lawyer in a general practice can and oftentimes does represent an individual in all aspects of their legal needs. Whether it is buying a new home, selling a business, divorce, or estate planning, a general practitioner can handle those needs for you. Attorneys who specialize are great and having a referral network for a general practitioner to utilize makes sense for those situations when the client needs specialization.  A firm should be small enough to know who you are yet diverse to handle your needs. At Engel Law Offices, we strive to build relationships with our clients so that you will feel like you have a life long lawyer.

4. Does the attorney represent individuals with needs like yours?

When you call for an initial intake, do not hesitate to inquire about the lawyer who will be representing you. All lawyers should be candid with their experience level and comfort level with the fact scenario you place before them. At Engel Law Offices if you call with a matter that is not part of our practice areas, we seek to find you a suitable attorney given your situation.

5. Flat fee/ hourly rate

Economics is an important consideration in any relationship. Presently there is a trend for attorneys to move to a flat fee billing system. What this means is instead of charging an hourly rate for certain services, there is a set fee for the legal work determined at the beginning of the working relationship. If that relationship expands, the attorney may revisit the fee, however when a firm does a flat fee billing system, it is rare for that to happen. This benefits the client because their budget is fixed for purposes of legal fees for a certain matter. At Engel Law Offices, we assess your case and if flat fee billing is appropriate, we utilize that method.

A significant portion of our matters can be handled in this way, including certain aspects of commercial litigation, estate planning, estate administration, business matters, real estate matters, and equine matters can all be billed in a flat fee manner. Personal injury litigation is still based on a contingency fee and those fees can be discusses when you call Engel Law Offices.

Should you be searching for an attorney, please consider Engel Law Offices. We are lengths ahead of the field.

Todd Engel

Engel Law Offices

214 N. State Street                                                               1104 Middleline Road

Syracuse, NY 13203                                                           Ballston Spa, NY 12020

315-295-1450                                                                       518-490-1770

[email protected]

www.engelatty.com

www.twitter.com/toddengel

Law Office Technology Part 2

My last blog post dealt with some basic technology in order for a practice to hit the ground running. We will now discuss certain additional applications to make running an office more seamless as well as effective.

As I said previously, Microsoft Outlook is the email calendar and task tool that has the market dominance. This is because it is bundled with Microsoft Office. I use it to keep my contacts as well as my calendar and my emails. While stability can be an issue, it is the industry standard. Google has an online calendar system that is pretty good, however being that it is unsecure, I would not recommend it for law office calendar management due to confidentiality issues.

Clients today expect and deserve feedback as quickly as possible. That is one of the many reasons smartphones have become ubiquitous with attorneys. What an individual looks for in a smartphone is an ability to synch with your email, contacts and calendars. There are many flavors, whether it is the Iphone, the Blackberry or the Palm or variations on their theme. The key to me is to be able to have the information not only at my desk but also at my fingertips when I am out of the office.

Document assembly software is important in making sure you don’t have to reinvent the wheel. When your practice has developed a niche, use the appropriate software to generate repeat documents. Hotdocs is a great example of this. I also use Drafting Libraries for various documents. The quality of the document produced is quite good and there is certain customization and flexibility which is important.

Every lawyer wants to be paid for what they do. Therefore invest in a good time and billing package that can be utilized both by you and your assistant. Ideally it should feed into your phone/PDA so that you can quickly capture time outside the office. You should be able to enter fees quickly and easily. You should be able to set whether you are billing on an hourly basis, flat fee basis or contingency fee. You should ideally be able to combine this with a practice management suite which sets forth a conflict search. Try demos of these products, there are many and again, different people like different programs.

Technology is constantly changing and evolving and lawyers have to stay current to best serve our clients. Join the technology group of your local bar. Join the ABA Law Technology section. Read and learn what you can but remember don’t use something without trying it first.

Todd Engel

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