Archive for November 2015

A wise man once said “Nothing in this world is certain except death and taxes.” Since taxes are ubiquitous, and they exist everywhere too, it is always a good idea to do some planning ahead when it comes to taxes. How can you plan ahead for taxes when moving to a foreign country? The agents at Spanish property agency www.valuvillas.com saythe best course to follow would be to seek the counsel and advice from a knowledgeable person, especially one with intimate experience in the country you are planning to move to.

There are some obvious reasons why this would be the best course to follow:

  1. Since allowances, deductions, regulations, and tax tariff structures are so different from country to country, a local expert is most knowledgeable.
  2. How these differences in taxation apply to your unique circumstances is crucial to learn in order to not pay more than your share of taxes, thereby saving you (potentially) a lot of money.

When should this type of tax planning be done? Basically you have three choices: before you move, while you are there, after you start to have problems. It should be obvious that the third option, “after you start to have problems,” is the least likely time to reduce your stress level and reduce the amount of taxes you potentially have to pay.

So the best time to do your tax planning would be before you arrive in the country you are moving to. The next best time would be to engage the services of a local expert not too long after arriving.

One thing to remember that is crucial: as long as you are a U.S. citizen, your tax obligation to the U.S. always comes first. Your U.S. tax obligations follow you wherever you go. For this reason it is often a good idea to have a U.S. tax planner in your Address Book. You know you do not want to get in trouble with the IRS. When the major border crossing in the U.S. swipe your passport, there is the potential that it most likely is being cross-referenced with IRS records too. Make sure you have a good CPA in the States though, since those who are living abroad are often eligible for a rather handsome tax deduction, usually in the range of $80k or so. Now that’s something you DON’T want to miss out on!

The UK Uniform Probate Code provides the legal requirements that need to be fulfilled when The UK residents execute a will, according to Gordon from http://www.assetguardiancompany.co.uk.

Constructing a will that abides by The UK’s Uniform Probate Code is crucial in order to ensure the will is executed according to the testator’s wishes. The UK requires its residents be at least eighteen years old and of sound mind when they create the will. Even though The UK recognizes the validity of handwritten wills, also known as holographic wills, writing a will under the guidance of an experienced probate attorney will reduce the chances of the will being contested in probate court.

Construction of an the UK Will

The will must be written in order to be legally valid. The document should clearly state that the writing is the last will and testament of the testator. Provide a description of any assets that will be distributed, such as a legal description of real property or other types of personal property. List the names of the recipients who will get the various assets.

Include the name of the executor of the will. An alternate executor should be named in case the original executor is not available or is unable to carry out the terms of the will once it becomes effective. Alternate heirs should also be listed in the will in case any of recipients die prior to the execution of the will.

Signatures Required on the UK Will

The testator must sign and date the will in the presence of two witnesses. The witnesses must proceed to sign and date the document as well. If the testator is unable to sign the will, he can direct another person to sign the will on his behalf and in his presence.

Two witnesses who sign the will must see the other person sign the will under the testator’s direction; witness the testator’s acknowledgment of the other person’s signature; or witness the testator acknowledge the validity of the signed will. Any witnesses must be at least eighteen years old and of sound mind, according to The UK Code Section 15-2-505.

Self-Proved Wills in the UK

A self-proved will is a will that contains affidavits from the testator and witnesses attesting to the validity of the will. The affidavits and signatures must be performed in front of a person authorized to administer oaths in The UK, such as a licensed notary public. Self-proved wills are convenient because the witnesses do not have to appear in probate court in order for the will to be executed. The UK Code Section 15-2-504 contains the language that must be used in the will when the oaths are being administered by the notary public.

Getting injured is so very undesirable. The time, the pain, the distraction in life, the legal matters, it is all just something that you wish you could avoid. If you can avoid it, yes by all means do; most of the time these things are accidents though. You will need to safeguard yourself and your assets to keep these things from getting more out of whack. For example, an automobile accident, a motorcycle accident, a pedestrian or cyclist accident might be something you will have to deal with in your future. When you are injured, you will want to have a Santa Clarita personal injury help lawyer on your side. It is best to have a professional there and on your team when you are forced to do legal matters. Of course, unless you are the legal expert and know the law, then sure you could do it yourself in theory. When you allow for professionals to come to the rescue, you really are helping yourself. Would you want a non-professional to assist you while you are on the side of the road immediately following a car crash? Paramedics and other first responders have been trained to assist in these kinds of things. Just in the same way, legal counsel is best for those who need help with legal situations. You do not want to do something wrong, or to get in trouble with the law, so you might just want to play by the rules of the law and a lawyer knows how to play those games with those rules.

Personal injuries happen all too often. Many law offices have experienced designated lawyers who specialize in this field. They deeply know the laws both federal and state related to this topic. Personal injury covers quite a lot of bases as well, for the injury can result from a wide variety of situations. Boating accidents are yet another way that personal injury can come about. What was the situation? Who was present and witness the event? What was the environment like? Was anything wrongfully arranged to produce the result of personal injury, in example, something rigged to cause injury on purpose? These kinds of things need to be taken into account as well as so much more. This does not even graze the medical and healing time and side of things on this matter. Just know that a law professional is the best way to handle legal situations.

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