Category: FAQ
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What is an Irrevocable Life Insurance Trust and how does it function?
There is a widespread misconception that life insurance funds are exempt from estate tax. While the funds received by your loved ones are not subject to income taxes, they are considered part of your taxable estate. As a consequence, your loved ones may lose over forty percent of the funds’ value to federal estate taxes.…
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What is a Family Limited Partnership (FLP) and how does it function?
A Family Limited Partnership (FLP) is essentially a type of limited partnership among members of a family. A limited partnership comprises general partners (who handle management) and limited partners (who are passive investors). The general partners bear unrestricted personal liability for partnership obligations, while the limited partners have no liability beyond their capital contributions. Normally,…
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Can you tell a 1099 employee when to work?
Above question is a contradiction. 1099 form is filled by an independent contractor, and as such they have the freedom to organize their time the way they want.
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What is a distance learning contract?
In modern times, work from home as well as continuing education and distant learning are more and more common. Distance Learning Services Agreement is made between a School and a Student.
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Do I need a contract to sell my business?
There probably is no party that would buy a business without a contract, so yes, you will need a contract to sell a business.
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What is an IM when selling a business?
Information Memorandum describes the business and operations and limited finantial information and is provided to potential acquirers.
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Should I have an employment contract?
Employment is a trade-off between freedom and security. While you are giving up a bit of freedom as an employee, you would not get any security without a contract.
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What are the basic rights of workers?
Some of the rights [https://www.eeoc.gov/employers/small-business/employee-rights] (EEOC): – Not be harassed or discriminated against. – Receive equal pay for equal work. – Receive reasonable accommodations. – Medical information confidentiality. – The right to refuse work that could affect health and safety.
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What is a Commercial Lease Agreement?
A commercial lease is a property rental contract between a landlord and a business. Agreements contain such items as rent amount and increase over time, length of the lease, use clause, etc.
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What are the types of lease terms for commercial properties?
Common types are gross, net, single net, double net, triple net, and percentage leases.
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How can I locate the appropriate attorney who specializes in elder and special needs law?
How should I get ready for a consultation with an Elder Law Attorney? If you schedule an appointment with a legal practice, it’s important to have a few things prepared prior to your appointment. Along with filling out an intake form, you should identify areas where you believe you require assistance or guidance. If you…
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What is a dispute that falls under Florida collaborative family law?
A Florida collaborative family matter is a disagreement, a deal, a demand, a complication, or a concern that needs to be resolved. The matter is outlined in a participation agreement for collaborative law and stems from chapter 61 or chapter 742 of the Florida Statutes. Collaborative family law matters encompass union, separation, distribution of marital…
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What sets Collaborative Divorce apart from mediation?
What are the advantages of opting for a Collaborative Divorce? What is the concept of collaborative law? What is a mutually agreed divorce? Collaborative Divorce is a alternative available to individuals seeking to settle their divorce outside the courtroom. Both parties retain legal representation. The spouses then enter into a participation agreement under collaborative law.…
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How long does Cooperative Separation take to complete?
In a Cooperative Separation, the clients and each legal representative sign a binding collaborative participation agreement. Under this agreement, the legal representatives are prohibited from participating in contested court proceedings on behalf of the clients. This means that everyone focuses on resolving the matter and no one considers litigation as an option. This commitment to…
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Where can I go for more information about getting a divorce through the collaborative process?
Why do individuals opt for the Collaborative Divorce process? Individuals who opt for Collaborative Divorce desire to determine how they will resolve their family matters. Many couples’ lives remain intertwined even after separation, particularly when they share minor children. People choose Collaborative Divorce in order to: – Establish flexible long-term parenting plans that can adapt…
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How can I protect my children’s well-being through Collaborative Divorce?
Collaborative Divorce focuses on tailored parenting plans that address your children’s development and needs while reducing stress and conflict. Working with a neutral mental health professional, you and your former spouse can create a child-centered parenting plan that ensures your children’s stability, detailing visitation schedules, educational decisions, and co-parenting strategies. Your tailored parenting plan can…
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How can I ensure flexible parenting arrangements for my kids through Out-of-Court Resolution?
Out-of-Court Resolution allows you to create adaptable parenting plans that suit your children’s evolving needs as they grow. Out-of-Court Resolution lets you create a parenting plan that adjusts to your children’s needs as they mature, accommodates expected school schedules, plans for extracurricular activities, and is flexible for evolving preferences.
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How can a Cooperative Separation safeguard my business interests?
Cooperative Separation values innovative, adaptable solutions. In Cooperative Separation, you and your spouse can collaborate on an agreement that takes into account the worth of your business and its future expansion, ensuring a fair distribution of assets.
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How can the Cooperative Separation method assist me in preserving financial confidentiality?
The Cooperative Separation method guarantees the protection of financial privacy, allowing for discreet negotiations concerning property and support matters. You can ensure that sensitive financial information remains confidential, facilitating confidential discussions about property division and support negotiations while avoiding the need for public disclosure through court litigation, which is often associated with public scrutiny. The…
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What if my partner doesn’t want to disclose financial information in Consensus Divorce?
Consensus Divorce places great importance on complete financial disclosure. Couples make a commitment to openly and honestly share their financial information. Impartial financial experts are involved to ensure that accurate information is shared transparently. This can alleviate concerns and ensure that both parties have the correct information to make informed decisions. The Consensus team can…
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How can Collaborative Divorce assist individuals in navigating intricate financial arrangements, such as investments and pensions?
Collaborative Divorce offers the opportunity to engage neutral financial professionals known as Allied Experts. These professionals can provide invaluable guidance in comprehending, appraising, and considering options for dividing intricate assets while taking into account long-term financial stability, retirement, and estate planning objectives. It may be beneficial for both parties to examine beneficiary designations under life…
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How long do I have to respond if I have been served with a foreclosure summons?
Many individuals believe that they have been served with a foreclosure case, but that is not accurate. According to the legislation in Florida, a person needs to physically approach you, hand over the foreclosure complaint or summons, and inform you that you have 20 days to reply. They can serve you, your partner, or another…
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What is a Licensing Agreement?
An intellectual property or IP licensing agreement is between an IP rights owner (licensor) and person or company that is authorized to use the rights (licensee) in exchange for a fee or a royalty. The two parties negotiate and agree on the terms and conditions. IP license covers patents, copyrights and trademarks. It also extends…
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What are the benefits for Licensee?
An IP license may provide Licensee with the ability to get its products or services to a market in less time, a reduction in costs and access to expertise, collaboration and the opportunity to minimize capital investment, generating revenue.