3 Reasons Why You Should Consider Adding a Trust When Planning Your Estate

A trust isn’t just something you use to avoid estate taxes. There are many benefits to having a trust when doing estate planning. Aside from cutting down the costs of estate taxes, here are the reasons why you should consider adding a trust when planning your estate:

1. It allows you to put conditions on the bequeathing and distribution of your assets and properties.

If there are conditions that you want to impose when it comes to the distribution of your assets, you can do so when creating a trust. For instance, if you want an underage family member to gain access to his/her inheritance only after he/she turns a legal age, gets married, or gets a job, that can be done with a trust. 

2. It allows the distribution of estates without going through the probate process.

The probate process is long and often costly. It can delay the distribution of your assets. About 5-7% of the value of your estate also goes to the probate process. You can avoid that by planning your estate. 

3. You can protect your assets from potential lawsuits and from creditors. 

Without putting your assets into a trust, the proceeds of the estate can go to creditors. It is also vulnerable to lawsuits. Once they are done with it, what is remaining goes to your surviving family members.

If you don’t want them to suffer from the difficulties of the execution of the estate, put some of your assets into a trust. Get the of an estate lawyer in Vancouver when it comes to effectively putting up a trust. You can rely on an estate lawyer in Vancouver such as Lakes, Whyte LLP.

For more information: https://goo.gl/maps/vJqBeWG2YaKLKpZK8

To know more about business lawyers in Vancouver please visit our website: lakeswhyte.com

Read More

How to Make the Most Out of Your First Meeting with an Employment Lawyer

Finding employment lawyers in North Vancouver to help sort out the employment part of your business is a good step towards protecting your company from lawsuits. If you currently have employment issues, you should also find employment lawyers in North Vancouver right away.

Many lawyers charge by the hour, so make sure you know how to make the most out of your meeting. Here are some tips for you:

1. Know the details of your case

If you have an employment dispute or any issue that involves your employees, you should know all the details that pertain to them such as who the people involved are, when it happened, what is the case and many other important facts. Your lawyer will need to know these details to be able to give you better legal advice.

2. Bring the documents and records that are pertinent to your case

Evidence will allow your lawyer to see what you are up against and will ensure that you get clear legal advice. This way, you can already make a strategy during the first meeting rather than put it off again.

3. Keep the conversations only about the case

Time goes by so fast and before you know it, your hour is up. So, make sure you go straight to the point. 

Also, find employment lawyers in North Vancouver who are experienced in handling employment cases. Lakes, Whyte LLP can help you in formulating a better legal strategy that can help in solving your case and mitigating your employment issues.

To know more about Lawyers in North Vancouver BC please visit our website: lakeswhyte.com

Read More

4 Ways Hiring a Business Lawyer Can Help Your New Business

Hiring business lawyers in Vancouver are not just for bigger and more established businesses. It is also beneficial for small, fledgling businesses. Here are the ways hiring business lawyers in Vancouver such as Lakes, Whyte LLP can help your business:

1. They can protect your business from potential lawsuits

Lawyers have the ability to foresee the future of businesses not because they are shamans or fortune-tellers but because they know the law. They can see which parts of your business operations are vulnerable to lawsuits and can help you formulate a plan that will help avoid these potential lawsuits.

2. They can help you iron out your contracts

Contracts are the backbone of your business. Without a solid contract, your business can crumble. Whether you are drafting a client contract or an employment contract, it helps to get the help of a business lawyer to go over these contracts first and determine if there are parts that need to be replaced.

3. They can help you comply with business or employment laws

You don’t want to run into some problems because your business operations do not comply with laws. Business lawyers can help you determine which local rules and regulations you fall under so you can avoid violating them out of ignorance.

4. You can set a stronger foundation for your business

You don’t want to start operating your business on shaky regulations. Start with solid company protocols that adhere to the law.

Even when your business is still starting out, you should consult a lawyer to ensure that you are not susceptible to lawsuits.

To know more about Estate Lawyer Vancouver please visit our website: lakeswhyte.com

Read More

4 Mistakes to Avoid When Handling a Litigation Case for Your Business

A litigation case does not have to be a time-consuming and difficult process. If you know what to do and you employ the right litigation strategies with the help of litigation lawyers in Vancouver, you can avoid most of the issues that arise from this problem.

Check out these mistakes and make sure you avoid them as much as you can:

1. Letting emotions cloud your judgment

It’s easy to let your emotions cloud your judgment when dealing with a litigation case. This is true especially when you are working with a litigation case for the first time. But keep things business-like and it will work much easier for you.

2. Not addressing the problem early on

Take all lawsuits as a real and pressing issue, even if you think you are only dealing with a minor case. The sooner you can have the matter investigated, the better.

3. Not using the services of litigation lawyers in Vancouver

Litigation lawyers from Lakes, Whyte LLP can help you minimize the consequences of a lawsuit such as expensive litigation. They can help you formulate a strategy that will prevent damage to your business and avoid obstructions to your operations.

4. Not being actively involved with the process

Find out everything that is happening with the litigation case, so you can provide documents and proofs that others might miss. If you are the one who knows your operations better, you can help make the case go faster.

Find a litigation lawyer that has ample experience with cases like yours.

To know more about Business Lawyers Vancouver please visit our website: lakeswhyte.com

Read More

Are You Entitled to a Bonus After Being Fired? What You Need to Know

So you have been fired and you have been compensated what you are due. But what about the bonuses you are anticipating? If you haven’t been fired so suddenly, you might have been able to receive them.

Many companies provide bonuses as a means to compensate and motivate employees to reach quotas. But whether or not you are entitled to a bonus after being fired will depend on a number of things.

1. You might be entitled to receive a bonus if it is an indispensable part of your overall compensation or was promised as a part of your benefits packages upon signing up for the company

For instance, if you agreed to a smaller salary but higher bonuses based on performance, it can be argued that you still needed to obtain your bonus even after being fired provided that you have met the performance asked of you.

2. If other employees received their bonus

If the bonus is provided to all employees and not just when the company decides to provide a bonus, you might be entitled to one.

3. If there are strict rules in the contract that say you can’t get a bonus once you are out of the company, you might not be able to pursue it anymore

Check your contract if there are clauses there that will stipulate when and when you can’t get a bonus. 

The best thing to do is to seek the advice of a Vancouver employment lawyer. Find out from an employment lawyer in Vancouver such as Lakes, Whyte LLP if you are still entitled to a bonus.

To know more about Personal Injury Law Firm Vancouver please visit our website: lakeswhyte.com

Read More

3 Ways a Business Lawyer Can Reduce Stress in Your Operations

As a business owner, you should be aware of various legal pitfalls that your business can experience. Many of these legal problems are preventable if you safeguard your business from them. One way to do that is to get the services of business lawyers in Vancouver.

If you haven’t consulted business lawyers in Vancouver yet for your operations, you might want to do so now. Here are the ways a business lawyer from Lakes, Whyte LLP can ease up some of the stress of your operations:

1. You can get legal advice

It is not uncommon for business owners to have legal questions as they start and operate their business. Make sure you do everything right – from the registration of your business down to obtaining the right permits.

2. A lawyer can help you in drafting contracts

If you do business with other entities, a contract is important. You need to put important agreements into writing to avoid disputes later on. And when it comes to drafting contracts, hiring business lawyers in Vancouver is a must.

3. A lawyer can help in dispute resolution

If you get legal advice early, you can avoid disputes. You can employ strategies that will help in minimizing the chances of disputes. But once disputes are there or another person or business sued your company, you can also get the help of lawyers to resolve disputes. 

Dispute resolutions tend to be costly and time-consuming if you don’t know what to do. But with the help of lawyers, you can mitigate the costs.

To know more about Injury Lawyer Vancouver please visit our website: lakeswhyte.com

Read More

Is Suing Your Employer Worth the Time?

A lawsuit does not guarantee that you will win. Even if you win, it doesn’t guarantee that the court will award you with the compensation you are expecting. But there are also instances when it is worth pursuing.

You Have Been Compensated Unfairly

As an employee, it should be clear how much you are entitled to from your company. It should be indicated in your contract what your compensation is and if you are entitled to bonuses and incentives. If these are not met, you can file a lawsuit against your company.

You Have Been Discriminated

Today, there are laws that protect employees against discrimination in the workplace. It is no longer just gender discrimination. You can also get protection from age, disability, marital status, and religion discrimination. For instance, if you are discriminated and prohibited to work because you got married or you have kids, that can be construed as discrimination.

You Have Experienced Harassment in the Workplace

It doesn’t just cover sexual harassment or verbal harassment that came from the employer. If other people in the workplace harassed you and your company did not do anything, you can file a lawsuit.

You Have Been Wrongfully Dismissed

Wrongful dismissal is when you have been dismissed without due cause and without notice. If your company did not compensate you fairly after you have been dismissed, you can also file a lawsuit.

If these things happened to you, you can get the help of an employment lawyer in Vancouver. Look for an employment lawyer in Vancouver such as Lakes, Whyte LLP who can help you in filing a lawsuit.

To know more about Lawyers in Vancouver please visit our website: lakeswhyte.com

Read More