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Your role in the process is an active role, not a passive one. You should avoid the attorney who is content with simply telling you what to do, and then throwing together some documents to accomplish it. That is the attorney’s plan – not yours.
In summary, if you’re working with the right estate planning attorney, you should plan on being involved in three distinct steps:
1. Develop a plan with counseling-oriented (rather than document-oriented) professionals.
2. Commit you and your family to an ongoing maintenance and education program.
3. Assure that your wisdom is passed along with your wealth.
As you consider those you love, and those material things that you’ll someday leave behind, only a properly designed and implemented estate plan can ensure that your goals for those loved ones are accomplished.
Many estate plans in America don’t work. They often consist of fill-in-the-blank documents, delivered in a one-time transaction, and never updated. If that’s all an attorney can offer, that’s not the right attorney for you. Choose an attorney that is counseling-oriented, values-based, and as strong on relationships as he or she is on the law.
When you find a great property to buy, do make sure that all the documents are in place and are surely legal. There are some brokers out there who are posing as licensed real estate brokers but there are also con artists who can scam you out of your money.
Bear in mind, we are in the age of hard times and money is hard to go by. So while we may be fascinated by the thought of buying ideal property, we just have to go about it the traditional way by considering the legality of it all before we can move into the dream house we initially envisioned.
As far as real estate buying is concerned, the initial price you will see is normally negotiable. Normally, the proper amount that a property seller would want depends on the mode of payment, cash or installment.
Cash Payments. This is perhaps the sweetest sound that a property seller would want to hear and that if possible, consummate the deal immediately. It is not everyday you will see buyers who will purchase property in cash so ask them to give their goodwill just to verify their sincere intentions.
Installments. For people who rely on loans or financial aid, the time element of settlement of the property amount is really the one in question. So if it takes time to fulfill, expect stiff decisions on the asking price although some would tend to bend over.
