Why Do Attorneys Charge a Retainer Fee?

If you are in need of hiring attorneys, you might be wondering what is a retainer fee and why do you need to pay it. Understanding this will help you know the reasoning behind it and the importance of taking care of this legal matter quickly.

When you hire a lawyer, they will want to have an agreement about them representing you in particular legal matters. The specifics will depend on many factors, including the type of law that you are dealing with. In many cases, the attorney will want you to pay a retainer fee when you first make the agreement.

The reason for this is that it secures the contract and ensures that you have paid for the initial services rendered. Your contract will state more about the terms of the money that you will have to pay in the future. For instance, you might be put on some type of payment plan where you will make monthly installments. However, you should not assume that will be the case.

Your retainer fees secure that particular law firm as your legal representative. This means that the other party involved cannot obtain representation from them. For instance, if you are getting a divorce, once you have paid the retainer fee to the lawyer of your choice, your spouse cannot hire that attorney. However, that person is still up for grabs until you have taken care of the matter.

You should pay the retainer fee for your attorney once you have decided who the best representative is for your case based on your research. This will ensure that you have the appropriate representation for yourself during the legal proceedings that you are facing. This is a necessary part of the process in many legal situations you might encounter.


What’s A Licensing Agreement?

While licensing agreements are common, they’re not something that everyone is familiar with. A lot of people don’t understand what licensing agreements are, or are confused about how they work.

In a nutshell, a licensing agreement is a legally binding contract between a licensor and the licensee. A licensor can license out a brand name, a trademark, technology, or something else they have the license to. Once a licensing agreement has been formed, the licensee is licensed to use something that the licensor has the rights to.

While that sounds simple, licensing agreements can easily become complex. The licensee doesn’t necessarily have rights to use the license in any way that they want. The licensor typically has control over that.

For example, a licensee may want to license a famous brand name. A licensor could grant them that license, but may only allow them to use the name on a single product. If the licensee uses the name on unauthorized products, they would be in violation of their licensing agreement.

When a licensing agreement is formed, both parties have to do due diligence. The licensor needs to research the licensee. They need to make sure that they can entrust their license to them. The licensee needs to research the licensor. They must ensure that the license they are paying for has value. They should also confirm that the licensor has the rights to license whatever they are licensing.

If you are interested in entering into a licensing agreement, you’ll need to work with an attorney. A lawyer can create an agreement that is beneficial to both parties.

Now that you know more about licensing agreements and how they work, you’re ready to start talking to lawyers. Find a law firm that specializes in licensing agreements and see if they can help you.


Why You Should Create an Estate Plan

Are you taking care of your financial health? Do you have an estate plan in place, or do you avoid these kinds of topics? The reality is that most people need to have an estate plan in order to ensure that their finances are handled in the correct way. If you don’t get one, you will leave troubles for your family when you pass away.

One of the reasons that people don’t have an estate plan is because they think that they are too young to need one. However, planning ahead is always a good idea, especially if you have read through Trump’s Executive Orders. While thinking about your own death might be uncomfortable, accidents and misfortunes happen every day. Although you can take care of your health and avoid certain dangerous situations, you cannot control everything. You should make sure that your family is well taken care of in the event that an unexpected illness or accident occurs in your life.

In addition to age, another reason that folks don’t bother with creating an estate plan is because they are single or don’t have any children. However, if you fall into either of these categories, you still need to be sure that your assets are properly dispersed and that your final expenses are taken care of. Otherwise, the courts will have to decide these matters, which will take up money and unnecessary hassles for everyone who is involved.

You should speak to an attorney who specializes in these matters to make sure that you have handled all of the paperwork correctly. This includes things like making sure that the right folks have access to your plans at the appropriate point in time. You are sure to sleep better at night once you have taken care of this important legal matter and related ones.


What Happens To Your Money After You Have Died?

One of the most important documents that you can have done in your life is your will. This is an official document that will designate your belongings to people in your family. You can also designate some of this to close friends, businesses, or institutions. What you have in this document is what must be abided by in a court of law. Most of the time, a lawyer will simply read the will and procedures will be done to transfer all of the belongings to the appropriate people. If you do not have a will, then it is possible that you may be facing a very difficult situation which may involve lawsuits and litigations that could last for years.

What Happens When You Die Intestate?

This is a term that is used when a person does not have a will and they die with belongings that need to be distributed. There are laws that must be abided by called intestacy laws. These laws must be abided by in the absence of a will and will be used by a judge in order to properly distribute property of the decedent. This could be anything from securities, bank accounts, real estate, and any of the other assets that they may have. Real estate that may not be in the state where they were residing must be handled by the laws of that state.

The Laws Of Intestate Succession

Each state is going to have completely different laws in regard to what happens to the assets. For example, if the person was single with no children, the parents of the decedent will receive the entire estate if alive, and if they are not, it will be divided up among your siblings. This would then go to relatives on your mother’s side and father’s side if none of the other relatives are available. This will also be divided up differently if the decedent was single with children, married with children, or if they were married and had no children at all.

By contacting a lawyer that deals with these situations, you can talk to them about how assets can be divided if you have recently had a parent die without a will. If you do have parents that are living, or if you would like to do a will to avoid intestate legal problems, you should have one done as soon as possible regardless of your age or the state of your health.


How To Know If You Need A Bankruptcy Lawyer

If you are going to file bankruptcy, it is likely the result of having too many bills. You may have gone through a rough divorce, or you may have lost your job, and you are not able to make your payments. This happens to people from time to time, and when it does, they need to do something fast. In order to get the creditors off of your back, you will need to find a bankruptcy attorney. Many people try to do this on their own, but it can be a complex process. Here is a quick overview of what you can do if you would like to find a bankruptcy lawyer.

Why Would You Need A Lawyer For A Bankruptcy?

The main reason for needing one of these lawyers is that the process of going through a bankruptcy is sometimes difficult. You will have to fill out all of the paperwork, file it, and set court dates to complete the process. It also depends if you are filing chapter 7 bankruptcy, or if you are filing chapter 13 with the intent of re-consolidating your debt. Both of these require different forms of paperwork, and court dates that these lawyers can do for you. They simply make the process easier, and in the span of a few weeks or months, you will have all of this behind you.

How Do You Find The Best Bankruptcy Attorney In Your Area?

To find the best bankruptcy attorney, it’s a simple matter of searching for all of the ones that are currently in your area. For example, you could search for Chapter 7 bankruptcy attorney, or simply a bankruptcy law firm, and you will see all of the ones that are currently offering these services. You will want to interview each one by setting an appointment through their website, presenting your information, and make a determination as to which one will be the right choice. It just depends on how you feel about them, and also the amount of money they are going to charge to complete this process.


What Is A Chapter 13 Bankruptcy?

The chapter 13 bankruptcy is one that provides for the adjustment of debts of any individual with a regular income. Basically speaking, a chapter 13, which is also known as the wage earner’s plan, allows the debtor to keep the property and then pay off their debts over a period of time that is usually anywhere from three to five years.

Under this particular chapter, the debtors will propose a specific repayment plan for making installments to the creditors over a designated time. If the current monthly income of the debtor happens to be less than whatever the applicable state median is, the plan will be set for a three-year repayment, unless the court makes provisions for a longer payoff period. By the same token, if the monthly income of the debtor is greater than the state median, the plan will usually be set for repayment over five years. There is no provision for any payments lasting a period of anything longer than five years nor are the creditors able to continue on with their collection efforts during this time.

You should know that a chapter 13 bankruptcy is not going to be a perfect fit for everyone. Chapter 13 will require that you use your income as a way to repay some, or even all, of your debt. You will need to prove to the courts that you are able to afford to meet up with the designated payment obligations. If it seems as though your income is too low, you may not be able to file for the Chapter 13.

After the repayment plan is completed, all of your remaining debts that seem to be eligible for discharge can be completely wiped out. Prior to getting the discharge, you have to be able to show the court that you are current on all of your financial obligations.


What Is A Chapter 7 Bankruptcy?

It goes without saying that trying to determine whether or not you need to declare a bankruptcy can be a very difficult decision. This is something that will impact your future credit, your self-image and even your reputation. However, this is also an avenue that could potentially improve your quality of life over the short term a considerable amount, especially once the calls and the letters stop from the creditors. But, how can you tell if a chapter 7 bankruptcy is going to be right for your individual situation?

With a chapter 7 bankruptcy, the trustee will cancel most, if not all, of the debts that you currently have. During this time, the bankruptcy trustee may also liquidate, or sell, some of the property you have so that you can repay the creditors. This form of bankruptcy is often called a ‘liquidation’ or ‘straight’ bankruptcy and gets its name from the law that is contained in the federal bankruptcy code for chapter 7.

You should know that a chapter 7 bankruptcy is also going to cost you some time and money to complete. In general, you can expect that this process may take about six months from start to finish. You will also be looking at paying roughly $300 or more in administrative and filing fees. However, you will probably only have to make one trip to the courthouse to get everything finished up. Sometimes lawyers will not ask for compensation.

If you have already had a bankruptcy charge in the past six to eight years, you will not be able to file and use the chapter 7 bankruptcy. It could also be that you may be better off completing a chapter 13 repayment plan all depending upon your debt burden, expenses and income. For any questions, you can look to the help of a bankruptcy lawyer so that you can be sure you are making the right decision.


What Is A Chapter 11 Bankruptcy?

If you are curious about filing for bankruptcy and you have questions as to how you should file. Chapter 11 is listed in the bankruptcy code as providing for reorganization. This will usually involve a partnership or corporation. A debtor with a chapter 11 filing will put together a plan for reorganization to help keep their business alive and will pay the creditors over time. Either individuals or people involved in business are able to seek relief by way of chapter 11.

The way that a chapter 11 works is that it will start with the filing of a petition through bankruptcy court that serves the area where the debtor lives. This may be either a voluntary petition that is filed by the debtor, or it could be an involuntary petition filed by creditors meeting certain requirements.

A chapter 11 case will usually be filed by a partnership, corporation or a limited liability company. Individuals may also file under the chapter 11 if they happen to have too much in the way of debt or income to be able to qualify under either a chapter 7 or 13. Many individual debtors will choose to go with a chapter 7 or 13 to try to avoid the cost, time and any risks involved with a chapter 11 proceeding.

You will also find that there is no limit on the duration for a chapter 11 case Some of them might wrap up within a few months time, but there are cases that will take anywhere between six months up to two years to come to a complete close. In many instances, no trustee will be appointed and the debtor can keep operating their business. If you have any questions as to whether or not this is the best choice for you, it is always a good idea to consult a bankruptcy attorney.


Does A Paralegal Get Paid?

If you feel as though you would make a good paralegal, it is only natural that you would start to research and weigh all of your options. A common question that is asked will often be, “Do paralegals get paid and if so, how much?”

According to personal injury lawyer, Ben Bronston, a paralegal is someone that performed certain legal work for which the lawyer will ultimately be responsible. They will have the chance to perform a range of tasks that will usually include the maintenance and organization of files, the drafting of documents and going through with a certain level of legal research.

You will find paralegals in all sorts of organizations. However, many will work for government agencies, law firms or in corporate legal departments. On any given day, a paralegal could help with the following:

– Assisting lawyers during trial
– Organizing and presenting information
– Conducting research on legal articles, laws, and regulations
– Helping lawyers to write reports or to prepare for trial
– Secure information in databases that are related to cases
– Investigation of the facts of a case
– Draw up documents and correspondence, including contracts and mortgages
– Receive formal affidavits and statements that may be used in court as evidence

On average a paralegal will earn between $45,000 to $49,000 per year in salary, all depending on years of experience and with whom he/she is working for. the common career path for a paralegal can go a number of ways, with some moving on to become a legal assistant, senior paralegal, associate attorney, all the way up to a corporate paralegal or contracts manager.

According to statistics, one of the better states for working as a paralegal is California with the highest in wages and positions offered. This is followed by New York and New Jersey, both of which show a high rate of yearly pay and desirable available positions for a paralegal professional.


The Difference Between a Trustor, a Trustee, and a Beneficiary

Today we will talk about some of the key differences between trustors, trustees, and beneficiaries. The first one we will talk about is the “trustor”. A trustor is an individual that creates the trust. They are the person who is contributing to the trust to build the monetary value of the trust in question. This can be in terms of property or money. Either way, when it comes to a trust, the person contributing is called a trustor.

The next term that we will talk about today is the “trustee.” This is the person who is in charge of managing the trust. In most cases, this individual is appointed by the trustor. There are some other situations where this is not the case. This is usually a court appointed position in many instances.

The next term on our list today is the “beneficiary.” The beneficiary is the person who directly derives advantage from the situation. This is the case in a trust or other situation such as this. For example, if someone dies and that person has a life insurance policy the money from said policy is given to the beneficiary. So if you are in a situation where you find yourself inheriting something then you would be a beneficiary.

In conclusion, there is a lot more you can learn to help you better your understanding of these three terms. If you would like to learn more we suggest completing research online where you can find vast resources to help you with these words and ones like them. The most credible sources for this type of information are government websites. These are websites that end in .gov. If you would like to learn more about these topics or the terms and rules in your area these websites can be a great help.