Solicitors and
law firms often come into our lives at the worse times … or at least
it seems that way. A legal document rarely arrives with good news and
when we seek legal advice from a law firm it is unlikely to be about our
lottery winnings!.
It may be that
you seek a ' No Win No Fee' Accident Compensation Claim or need to defend
a workplace personal injury claim.
For many, a solicitor
is with us for property related matters, mortgage loans, leases and may
be insurance problems.
Others will call upon solicitors for trustee and fund management, tax
laws and inheritance issues including death duties.
There is for a vast majority, an unfortunate time in our lives when debt
and credit become a nightmare, debt collectors, bailiffs and creditors
hound us. Thoughts of IVA, Bankruptcy and insolvency loom over us, So
many commercials tempt us to either get into more debt by borrowing money
to pay off multiple debts thus only paying one (debt consolidation). Solicitors
can help with debt and credit problems. Seek advice from a specialist
insolvency law practice, possibly one that provides legal and technical
advice to professional insolvency practitioners as well as debtors and
creditors.
When looking at credit repair advice be mindful that many articles on
credit repair suggest using certain tactics relating to CCJ Removal (County
Court Judgements). Such credit repair advice may suggest lying to a court
in order that a judgement is 'wiped off'. You risk getting yourself into
bigger trouble going down this road.
An insolvency solicitor will be able to explain your genuine legal rights
as opposed a so-called ' Debt Elimination Loophole' to rid yourself of
all debt problems.
No matter whether you are already in business or just starting out, a
solicitor will guide you through the maze of common obstacles such as;
company structure and whether it is of more benefit to trade as a sole
trader or as a limited company. What legal partnerships are and how you
legally stand.
It is always worth getting your solicitor to look at and explain all the
implications of the terms of your lease. Or indeed the legal restrictions
of running your business from home.
Before you discuss loans etc with your bank manager, seek legal advice
from your lawyer, they will adise you on the sources of finance that are
available their legal implications. Do this before you decide to mortgage
the family home? Whilst on the subject of finances, a solicitor can advise
how to keep taxes to a minimum too.
Solicitors can help keep your leg work to a minimum, before you contact
your insurance broker as your solicitor if they can expose any risks relating
to premises, employees, assets and visitors. A solicitor will be able
to give you impartial advice on the type of insurance you need, then you
can consult your insurance broker with the right information.
Employment law can be complicated and because most disputes arise out
of poor dismissal procedures that don't conform to the statutory requirements.
Poorly drafted employment contracts can get you into trouble, ask a solicitor
to examine yours. What happens if you fall out with your business partner
or fellow shareholders, can you be forced out of the business?
A solicitor can help you make sure that responsibilities and profits
are divided fairly.
The Oxford
dictionary defines a Power of Attorney as “the authority to act for another
person in specified legal or financial matters”. In other words, granting
someone a power of attorney empowers that person to manage your financial or
legal affairs within defined boundaries. The person authorizing the other to
act is the “Principal” and the one authorized to act is the “Agent”
or “Attorney In Fact” (AIF).
The Power of
Attorney may be verbal—such as requesting someone to sign your name on
a document—or it may be done in writing. However, institutions such as
banks require a power of attorney to be in writing before they will honor it,
and they usually request the original copy. When appointing an AIF, the principal
should authorize someone he trusts implicitly. The Power of Attorney must be
drafted keeping state law requirements in mind; most people use an attorney
for this chore, while others prefer doing it themselves with the aid of a fill-in-the-blank
form.
It is crucial
to define the extent of the Power of Attorney. The powers might be very restricted,
such as granting someone the authority to sell your car or a piece of land while
you are overseas. Or, the powers might be very broad, such as the power to buy
and sell your property, lend and borrow money in your name, and so forth. The
principal must determine if the Power of Attorney will take effect immediately
or when something prevents him from acting himself.
Some official
procedures should be observed in keeping with the principal’s interests;
the Power of Attorney must be signed in front of reliable witnesses, notarized,
and recorded in court. In some cases, the Equal Dignity Rule comes into play;
according to this rule of law, if you give someone your Power of Attorney to
sign the papers to sell your property, and the law requires that signature on
the legal document to be notarized, then your Power of Attorney authorizing
that agent to sign the deed must be notarized, too.
Author Info:
Power
Of Attorney provides detailed information on power of attorney, power of
attorney forms, medical power of attorney, limited power of attorney and more.
Power Of Attorney is affliated with Athetoid
Cerebral Palsy Lawyers.
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