Tag: Legal Process

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Trust Funds

Spotting Mismanagement of Trust Funds

Opening a trust fund makes life more convenient as it helps ensure that your assets, whether they be a certain amount of money, properties, stocks, or companies, are properly managed until your beneficiaries come of a certain age. This also saves beneficiaries from the hassles of getting a Probate Lawyer and waiting for the probate court to distribute their assets. However, it does come with a potentially grave risk which stems from trusting the wrong third party or trustee.

Trust funds are legal arrangements that require the expertise of a Lawyer to explain the stipulations of the trust and the duties and responsibilities of the trustee. Consulting with the Best Attorney in Miramar, Florida, also helps reduce your risk of your trusts being abused. Yes, entrusting your assets to a trustee may put them at risk of mismanagement. How do you know whether or not the fiduciary is taking advantage of your assets? Here are some red flags you should look out for.

  • Missing or sold assets for which the proceeds are hidden from the sale
  • Incomplete records of investments, transactions, and annual reports
  • Commingled trust assets with their personal accounts or assets
  • Changes in the terms and conditions of the trusts without orders from the grantor
  • Refusal to cooperate or communicate with the beneficiary or withholding a trust without any valid reason

When you notice these signs and you have clear evidence of your trustee’s malfeasances, seek professional help right away to prevent further damage or loss. You can reach out to an Attorney in Hollywood, Florida, to discuss your legal options. Beneficiaries can also hire a lawyer in Hollywood, Florida, should they wish to press charges and remove or replace the trustee, acquire the accurate distribution of the trust, or terminate the trust.

THE ADVOCATE CONSULTING LAW GROUP has the Best Lawyer in Pembroke Pines, Florida, to handle cases like this. We are happy to share our expertise on wills, trusts, and other legal areas you need help with. Consult our litigators today.

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Probate

Explore What a Probate Is and How It Works

Explore What a Probate Is and How It Works

When a deceased person leaves behind a last will and testament, then it must first undergo the process of probate before such properties or assets may be distributed to the heirs or persons named therein. In a probate proceeding, the court will review and approve the will, if it complies with the requirements set by law. Not only that, an executor or personal representative is appointed by the court who, among others, will need to file an inventory and accounting of the properties of the deceased, pay the debts, and distribute the assets to the beneficiaries.

The process of probate is usually costly and time-consuming which is why hiring a probate lawyer to help you with the legal process is important. If you are looking for one, we have an attorney in Hollywood, Florida who specializes in wills, trusts, and estates, particularly with the process of probating the will of your deceased family member and preserving the assets to its rightful beneficiaries.

THE ADVOCATE CONSULTING LAW GROUP will provide you with the best attorney in Miramar, Florida. It is our goal to properly defend our clients and advance their cause by building a healthy and communicative relationship with them. We try to resolve our client’s cases amicably with lesser time and legal fees.

We have the best lawyer in Pembroke Pines, Florida who specializes in various fields of practice. They are more than equipped with vast experience and practice ensuring that we deliver only the best legal assistance to our clients.

To know more about our lawyer/s and legal services, you may visit our website at advocateconsult.com/, or reach out to us anytime at 954-367-5148.

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Business

A Short Checklist for Closing Your Business

a-short-checklist-for-closing-your-business

While it is always up to you how you want to end the business, as any lawyer in Hollywood, Florida would tell you, it is never wise to close down without a plan.

At the very least, you need to consider your impact on your staff, cosigners, and lenders, and the whole community. That said, having no plan could leave you in debt and with lawsuits for years; not to mention, the headache, too.

As your legal partners and home to the best attorney in Hollywood, Florida, let us at THE ADVOCATE CONSULTING LAW GROUP help you by listing down some of what you need to do consider before when closing down your business.

  • Notify and pay your employees, your creditors (suppliers, lenders, service providers, and utilities), and your customers
  • Deal with any remaining contractual obligations—collect outstanding accounts receivable and sell off your inventory
  • Settle or pay your debts to the extent possible; prioritized to protect your liability
  • Cancel state or county permits and licenses such as your seller’s permit, and business license, etc.
  • Dissolve your corporation or LLC or partnership
  • File your final employment-related tax returns such as IRS Form 940, IRS Form 941, etc., and your final federal and state payroll deposits.
  • File your final income tax returns, checking the box stating that this is your final return.

Between your liabilities to your partners and tax responsibilities, you need to be able to work with the best attorney in Hollywood, Florida possible.

Our law firm houses the best lawyer in Hollywood, Florida for your closing needs. Schedule a consultation with us today.

Categories
Lawyer

Reasons to Make Finding the Right Lawyer a Priority

reasons-to-make-finding-the-right-lawyer-a-priority

As advocates for your rights and the home for the best attorney in Hollywood, Florida, we know that being involved in lawsuits, personal accidents, foreclosures, and the like are emotionally distressing situations.

Unfortunately, these can also cause you to make hasty decisions such as not doing due diligence before hiring an attorney in Hollywood, Florida to represent you.

Needless to say, hiring a lawyer on a whim can cause you significant difficulties. You are supposed to rely on them for legal advice and give them access to sensitive and confidential information so you need to be able to trust them.

Avoid this costly mistake by making sure that you get the right lawyer at the get-go. Still unconvinced? Here are specific reasons you should:

  • There are specialties in law
    Just like how you would go to an eye doctor for your eye problems and not a surgeon, you would not to a personal injury lawyer to help your child custody battle.
  • Changing your lawyer mid-case can be inconvenient
    You have the option of changing lawyers if you are unsatisfied but it still involves forging a new relationship which isn’t the most convenient when you’re in a heated legal battle.
  • Delays are costly
    Landing on a ‘bad’ lawyer is rare but it happens. And while you won’t have to pay for penalty fees when switching counsels, the time you spend scouring for the best lawyer in Hollywood, Florida can add up on the delays on filing, securing evidence, etc.—all of which have real costs in time and resources.

THE ADVOCATE CONSULTING LAW GROUP houses the best lawyers in the state. Get in touch with us today for all your legal needs.

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Uncategorized

How Long Does a Foreclosure Process Take?

how-long-does-a-foreclosure-process-take

When facing a foreclosure, you would need to have everything in order so you can have the best possible outcomes for your situation.

One of the key areas you would have to be knowledgeable in is the timeline of the foreclosure process. As any attorney in Hollywood, Florida would know, however, the timeline can take a long time, averaging between 8 to 14 months.

That is why, it is important to work with the best attorney in Hollywood, Florida you can find.

We take pride in having the best lawyer in Hollywood, Florida who can take on your case. Here is a timeline you can expect:

  • 15 Days for Filing and Serving Lawsuit
    This is when the Bank files a lawsuit, receives a case number, and serves the papers to the homeowner.
  • 20 Days for Response
    This is when the homeowner admits or denies any allegations brought to them, files an Affirmative Defenses, or when the Bank will file a Motion to Strike.
  • 45 to 90 Days for Discovery
    A discovery is a key part of strengthening your defense. This is where you would really need an attorney as this involves a more complicated process of obtaining information from another party through interrogatories, requests for admissions, and requests for production.
  • 60 to 90 Days for Summary Judgment
    A summary judgment is a motion that is sent by the Bank to the court to get a Final Judgment through a hearing. If successfully, the Court will enter a Sale Date within 35 to 120 days.

You need expertise at this time. THE ADVOCATE CONSULTING LAW GROUP can offer you this very expertise by offering you a full understanding of the process, including what is expected of you and how things will work, as well as the avenues of relief available to you. Call us today.

Categories
Estate Plan

Why You Need to Have an Estate Plan

why-you-need-to-have-an-estate-plan

Are you considering having an estate plan? Or you haven’t convinced yourself on having an estate plan?

An individual must know why you need to have an estate plan. As the head of the family, you should set things right in your estate. Having an estate plan is an essential part of our culture. It is a protection for yourself and your family.

Sadly, there are still people who fail to set up an estate plan. For some, they refuse to have this because of:

  • Lack of knowledge
  • The cost involved
  • They did not consult the services of an attorney.

Having an estate plan is necessary to avoid these issues:

  • Family conflict.
    It is not unusual for family members to get in conflict with the other members. Fighting over the assets left by you after your death.
  • Probate.
    Passing away without leaving an estate plan will force your beneficiaries to go to court. They will have to undergo a long process to have your assets transferred to their names.
  • Asset protection.
    In Florida revocable trust, it does not provide asset protection. But you can integrate provisos into the trust as protection against the creditors of your beneficiaries. Tapping the best lawyer in Hollywood, Florida, can guide you in this process.

There are still several reasons why you should have estate planning. If you are confused about the legalities of this matter, seek enlightenment from THE ADVOCATE CONSULTING LAW GROUP. As an efficient attorney in Hollywood, Florida, we provide legal assistance to those in need.

If you are looking for the best attorney in Hollywood, Florida, check more about us here on our website. For urgent legal matters, schedule a call with us.