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Lawyers: What kind and why?

Topic closed. 4 replies. Last post 7 years ago by time*treat.

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United States
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August 17, 2007
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Posted: August 7, 2009, 4:05 am - IP Logged

Just wondering, why do you need a lawyer and what kind of lawyer do you need? There's many times of them.

    Coin Toss's avatar - shape barbed.jpg
    Zeta Reticuli Star System
    United States
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    January 17, 2006
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    Posted: August 7, 2009, 11:28 pm - IP Logged

    Just wondering, why do you need a lawyer and what kind of lawyer do you need? There's many times of them.

    I'm guessing you mean if you win a jackpot.

    Probably a lawyer who specializes in estate planning and taxes.

    Because when someone comes into that kind of money they will encounter all kinds of things they never even thought of, such as Kidnap and Ransom insurance, for oone thing.

    Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

    Lep

    There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

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      Espanola NM
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      March 25, 2009
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      Posted: August 8, 2009, 12:36 am - IP Logged

      Good question!   I think a estate planner and tax law lawyer would be ideal.   Perhaps a hybrid accountant as well.

      When one wins a jackpot.....there are different mazes to make sure you follow appropriate tax laws and pay the right amount.   Dependinh on how you plan to spend a good lawyer may be able to maximize deductions and credits to low your tax burden.   Every little bit helps.

      The only thing I am unsure of is how to select the right attorney.   I assume the best case scenario is to interview several candidates and picking the best one. 

      QUESTION FOR ANYONE OUT THERE:    What do you look for?    How much should one pay a lawyer?   Commission-based or salary-based or incentive based?  Is there a magic number/range?

        TheGameGrl's avatar - character catafly.jpg
        A long and winding road
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        June 10, 2005
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        Posted: August 8, 2009, 11:28 pm - IP Logged

        An Accountant does the Tax portion. The Lawyer guides you on your rights and what you can protect and establish.The Lawyer cannot advise on how to invest or what tax shelters to invest in. That is a whole other job profession entirely.

        ~~Is it true, Is it kind,Is it necessary. ~~~

        pa:888,4445,6132,4444,8008

          time*treat's avatar - radar

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          March 30, 2005
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          Posted: August 9, 2009, 12:18 am - IP Logged

          Just wondering, why do you need a lawyer and what kind of lawyer do you need? There's many times of them.

          You don't have to get a lawyer but ...

          if your car bumps the back of another car at two m.p.h. and you're driving a "clunker", the driver of the other car will give you a dirty look, and perhaps a one-finger wave, but they won't bother to report it. -- Same "mishap", but you're driving a "millionaire's" car -- they will grab the back of their neck, fall out the drivers' side door and begin screaming and writhing on the ground, calling for a medic. A lawyer, beforehand, can make you less of a lawsuit target via paperwork.

          Lawyers who specialize in taxes can do the same job as a tax accountant, but if you have a "dispute" with Uncle Scam, your lawyer (traditionally) can't be compelled to testify against you, in court. A tax accountant can be compelled, will be compelled, and will spill more of his guts than a victim of food poisoning.

          In neo-conned Amerika, bank robs you.
          Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.