There are companies which are willing to give you money in exchange for renouncing your inheritance benefits in their favors. This may sound a bit crazy, but keep in mind that companies can afford waiting several years, in order to get their “reward”. If this is not the case for you, then getting an inheritance loan is your best option.
Of course, the first step of the process is determining your eligibility. You must be an intended Heir of an Estate in Probate, or are a Beneficiary of a Trust. Next, you must talk with a specialized layer and see if you can transfer your inheritance rights and benefits to another person or company. There are cases when the transfer is impossible and your loan demand will not be approved. And this can happen due to many reasons, like geographical location of some terrains or the others’ inheritors rights.
Next, determine the value of the inheritance. Most companies accept to give you a loan if you meet a minimum specified value. Talk with representatives and make sure you meet the minimum requirements.
If you are sure that you want to renounce your inheritance for money, announce the estate administrator about the changes. This financial representative will tell you more about the taxes which must be paid and if there are any other debts to be paid before being able to change the beneficiary.
Once you’ve paid all the taxes and you’ve consulted financial specialists, it is time to gather all documents and send them to the lender. The necessary paperwork includes:
• An official death certificate for the deceased
• A copy of the will
• Any probate court documents or letters
• Documentation of the appointment of the estate administrator
• A certification from the administrator of the amount of your planned inheritance
Chain of Custody
It is imperative that a chain of custody is followed every step of the way. If for any reason, the chain is broken, the results of the drug test become invalid. You don’t want this to happen because it may be of the utmost importance for what is going on. For example, if an employee injured him or herself on the job, and then tested positive, you may be pressing charges. If the chain of custody is broken, however, the results may get thrown out in court. This means that you wouldn’t be able to prove that the person was on drugs when the injured themselves.
You have the ability to obtain real-time updates on everything that the medical review officer does for your company. This includes learning about which employees have recently undergone drug and alcohol testing, as well as what the results are. If anyone tests positive, you can receive an alert. It will make it easier to find out what is going on with the program.
There may be instances when you have employees that do not speak English. When they are going through the drug and/or alcohol testing program, translations need to be made. This will allow the person to know what their rights are, and how to conduct themselves. Further, if they were to test positive, you want to make sure that they understand what it means and what help is going to be provided to them.
Particularly when you are seeking legal action for someone testing positive, you may need a medical review officer to provide expert testimony. They may go into the court, or provide telephone litigation support. Either way, it’s a service that you can tap into as it is necessary.
Let’s start with this one, since it has, more or less, already taken place. A small landowner in Nebraska named Bill parks his tractor in the shed after a long day of work in the fields. He wipes sixteen hours worth of sweat off his brow while he opens his mail. All bills. Two men in dark suits approach him at the front door and hand him a subpoena. The farmer opens the subpoena, quite surprised to learn he’s being sued by a major U.S. corporation for copyright infringement. It’s a huge settlement they’re after – in the millions. He doesn’t have one tenth of what they’re asking in damages. Since he sits on a tractor most days, he hasn’t got the faintest notion how he could be named in a suit for copyright infringement. He’s certain they’ve got a case of mistaken identity and places the document at the bottom of a pile of correspondence, making a mental note to consult his lawyer about what to do with the nuisance suit.
Rest assured, it’s no mistake. The large U.S. corporation spent millions in developing a strand of DNA for corn that is resistant to a pesticide they also own. When you buy their corn seeds and use their pesticide for your crops, you’ll get excellent results. They copyright the strand of corn DNA they worked to develop. To protect the investment in DNA research they hire over seventy-five corporate lawyers to aggressively prosecute copyright ‘thieves’. They have to establish a legal precedent that attracts a lot of publicity; they intend to branch out into other food stuffs, such as eggs that last longer on the shelf, wheat that produces heavier grain, chickens that add weight quickly, beef that responds to their brand of steroids in cattle foods. The list is endless, and it’s all going to be done by protecting copyrighted DNA strands.
Bill consults his country lawyer about the suit, explaining that he has stolen nothing in his life from anyone. The lawyer does a bit of researching and discovers he’s opposed on the brief by some of the best legal minds in history, paid for by a Dow Jones multinational. He first explains to the multinational that his client doesn’t know how the patented corn seed got into his fields. Possibly the seed cleaning company that strips seeds off Bill’s corn for next year’s crop has intermingled patented seeds with his. He tries to offer a settlement but this is not what the corporation wants. They want a trial. They wish to establish for the record that they’re prepared to sue if anyone grows their corn without paying them for the seeds.
Bill and the country lawyer lose the case which costs him more than he can pay in damages and legal costs. He appeals. The appeal also loses right up to the Supreme Court since copyright law is sacrosanct in the U.S. Intellectual property, in this case a section of DNA, is property protected by the highest court in the land. Bill’s house, farm and equipment are sold at auction to the highest bidder, and the proceeds given to a multinational worth more than a quarter trillion in market cap. The proceeds don’t cover the cost of one of the lawyers for one year, but they’ve earned an important victory – they own food.
Contracts and other business agreements
Whatever your business, chances are good that you routinely enter and execute contracts with a variety of parties. Typical corporate contracts include sales contracts, leases (real estate and otherwise), supply agreements, and partnership or corporate structure documents. The consequences can be severe if one of these agreements contains an unfavorable or unenforceable provision. While your business staff may be skilled negotiators, a lawyer can review these documents to help protect your company from litigation or other negative effects from unenforceable contracts.
The human resources minefield
Employment law is a complex area of law with radically different requirements for different types of businesses and employees. A general counsel can assist you and your human resources staff with common legal issues surrounding employee leave, benefits, and hiring practices.
Depending on the nature of your business, you may be subject to various regulatory requirements at the local, state, and federal levels. Examples include securities regulation, environmental regulation, campaign finance/political regulation, and intellectual property filings. Since regulatory infractions can result in substantial fines, it is important to remain on top of these ever changing rules. A lawyer can help you identify relevant requirements and complete any necessary filings or reports to the government.
Your tax liability and responsibility depends in part on the corporate structure of your company. While you should use a certified accountant for tax preparation, a lawyer can assist you with tax planning and counseling to help you minimize your overall tax burden. A lawyer can even help you structure your business at the outset in a way that reduces tax liability.
Litigation and crisis management
While the other examples have concerned mainly “chronic” legal issues, having a lawyer on staff can also help you in case of “acute” legal issues such as civil or criminal litigation or government investigation. In addition to drafting pleadings, a lawyer can assist you with settlement negotiations.