Lead Counsel independently verifies Asset Protection attorneys in Clare by conferring with Michigan bar associations and conducting annual reviews to confirm that an attorney practices in their advertised practice areas and possesses a valid bar license for the appropriate jurisdictions.
If you need to protect your assets from overreaching creditors, you may want to hire a Clare attorney to set up an asset protection trust for you. Such trusts are not permitted in every state and to be valid the trust must meet specific guidelines. An attorney skilled in creating these trusts can advise you on their legality and prepare a trust to meet your needs.
An asset protection trust is a device that separates a person’s liability from certain assets from his or her benefit from the assets. The trust serves to shield assets from creditors or from valuation in a divorce case. Because the protection of the trust makes it more difficult for creditors to collect debts, only a few states allow asset protection trusts. A lawyer familiar with such trusts, their benefits and limitations, can set up the trust within the parameters of the law and ensure your assets are protected.
No matter what your legal issue may be, it is always best to seek legal help early in the process. An attorney can help secure what is likely to be the best possible outcome for your situation and avoid both unnecessary complications or errors.
An attorney consultation should provide you with enough information so that you can make an informed decision on whether to proceed with legal help.
Bill by the hour: Many attorneys bill by the hour. How much an attorney bills you per hour will vary based on a number of factors. For instance, an attorney’s hourly fee may fluctuate based on whether that hour is spent representing you in court or doing research on your case. Attorneys in one practice area may bill you more than attorneys in a different practice area.
Contingent fee: Some lawyers will accept payment via contingent fee. In this arrangement, the lawyer receives a percentage of the total monetary recovery if you win your lawsuit. In sum, the lawyer only gets paid if you win. Contingent fee agreements are limited to specific practice areas in civil law.
Flat fee: For “routine” legal work where the attorney generally knows the amount of time and resources necessary to complete the task, he/she may be willing to bill you a flat fee for services performed.
Personal jurisdiction – Requirement that a particular court have authority over a person, in order to bind that person to the judgment of the court, based on minimum contacts. International Shoe Co v. Washington is a landmark Supreme Court case outlining the scope of a state court’s reach in personal jurisdiction.