Tag: law-firm
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What is a Contingency Retainer?
The contingency fee arrangement is one in which law firms are paid a percentage of what you recover. Usually it’s 35-40% of the total recovery, but this can vary. Employment and civil rights cases offer another possibility – fee shifting contingency. In these cases, the attorneys are paid by the employer at the end of…
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What does a Fixed Cost Retainer entail?
A fixed cost retainer refers to a set price that you pay for the legal service, regardless of the duration of the representation. This allows you to better manage the associated risks. With a fixed cost retainer, you are guaranteed to only pay a predetermined amount for the service, irrespective of the workload. However, in…
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How much will a legal firm charge to evaluate my boat accident lawsuit?
Typically, a law firm in the state of Florida will not charge you anything to assess your claim. Additionally, once you retain a lawyer in Florida, it’s typically done on a contingency fee basis. In other words, if you don’t receive any compensation, you are not obligated to pay anything. In contingency fee agreements, the…
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What is a retainer?
A down payment paid to a legal professional to engage his or her services based upon the estimated projected time your case will require. To ensure the best representation possible, a law firm, as with most, can only handle a limited number of cases. Acceptance of your retainer obligates the law firm to represent your…
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How is payment typically arranged for lawyers?
In general, most attorneys at law firms specializing in personal injury cases work on a “contingency” basis. This means that if they agree to handle your case, they will receive a portion of the amount recovered, whether through a settlement or a judgment at trial. Some may also cover court fees and related expenses upfront,…
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How much does Trust Administration cost and how long does it take?
In the state of Florida, Trust Administration is subject to the regulations outlined in Florida Statutes. The cost of Trust Administration from a reputable law firm is typically determined as 75% of the fee charged for probate cases. Therefore, if a probate estate would entail a statutory fee of 3%, the equivalent assets managed through…
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When should I start my estate plan?
The only time that you can prepare and implement an estate plan is while you are alive and have legal capacity to enter into a contract. If you are unable to manage your own affairs or suffer from a disability which affects your legal capacity, your estate plan may be effectively challenged by those who…
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What other basic documents does your law firm regularly prepare in the estate planning process?
Family Limited Partnerships and Limited Liability Companies as well as a variety of trust documents, including: “Crummey Power” Trusts; Life Insurance Trusts; Dynasty Trusts; Asset Protection Trusts; Grantor Trusts; Non-Grantor Trusts; Minor’s and Grandchildren’s Trusts (utilizing the annual exclusion from the Federal gift and generation-skipping transfer tax); Qualified Personal Residence Trusts; Grantor Retained Annuity Trusts;…
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What occurs after I enlist the services of a reputable immigration law firm?
Once you have hired a skilled immigration attorney, their team will diligently seek to comprehend your immigration objectives and provide you with empathy and open communication during the entire legal process. This approach allows you to concentrate on your professional, academic, family, and personal aspirations. They will make every effort to understand the unique details…
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How Much Does It Cost To Hire a Truck Accident Attorney?
Fortunately, the majority of personal injury lawyers operate on a contingency fee basis, and offer complimentary consultations to accident injury victims. Operating on a contingency fee basis means that clients are not required to pay any legal fees upfront, and their lawyers specializing in truck accidents only receive legal fees if they are successful, which…
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How much compensation am I eligible for in my case?
How much compensation am I likely to receive? How much can I claim for compensation? It is difficult to ascertain the precise amount of compensation an individual will receive upon winning their personal injury case. Nevertheless, the extent and impact of the injury or loss itself will influence the probable award granted to the plaintiff.…
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What should I do if an insurance company is calling me asking for a recorded statement?
What steps should I take if I receive a call from an insurance adjuster? What Should I Tell the Insurance Company When They Contact Me? Following an accident, it is customary for both your insurer and the insurer of the responsible party to request a recorded statement from you. These statements serve various purposes, such…
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What constitutes a personal injury claim?
A personal injury claim refers to a civil (or, more precisely, non-criminal) action that can be initiated when someone experiences injury, harm, or death due to the negligent, reckless, or intentional behavior of another individual. The party making the claim is referred to as the “plaintiff,” while the entity being accused is known as the…
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Who is eligible to receive a living trust upon the grantor’s death?
What happens to our property in the absence of a Living Trust? Who should handle the creation of my Living Trust? How is a living trust established in Florida? A living trust, also referred to as a changeable trust or an intra vivos trust, is a type of ownership in which assets initially owned by…
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What qualifications should be considered in selecting a trustee?
Who is the appropriate person to serve as a trustee? How do I choose a trustee for my trust? The representative from the law firm overseeing your legal affairs wants to be informed about your protected assets, assets that are not protected, and any financial activities such as sales, acquisitions, and other transactions that occurred…
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Why is it necessary to hire a medical malpractice lawyer?
Individuals who have suffered from medical malpractice often encounter expenses such as medical bills, loss of income, and physical and emotional distress. Additionally, the legal teams of influential players in the healthcare sector can hinder the process of obtaining the necessary compensation for these injury-related costs. A law firm will advocate for your rights, even…
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What is an ABC law firm trust?
An ABC law firm trust, also referred to as an “intentionally defective” ABC law firm trust, is a trust which requires the ABC law firm to report the income generated by the trust assets on the ABC law firm’s individual income tax return.
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What is the first thing I should do after a car accident in Florida?
What should I do after a car accident before hiring a lawyer? What information should I obtain after my car accident in Florida? What should I do right after a car accident occurs? After your car accident in Florida, you should obtain the name and the contact number of the person that hit you, and…