Trusts are a great way of keeping the government's hands out of your savings. By means of a trust, many are able to pay a significantly lower tax rate on their yearly earnings. You work hard for what you have. You don’t want to see your money squandered away due to astronomically high tax rates or poor fund management. Forming a trust is a great way to insure your savings are kept safe for your children and grandchildren to come...
Getting your record cleared is much easier in Alabama now that a new law has passed. This new expungement law affects people who had their cases dismissed or pleaded in misdemeanor cases. The expungement law also applies to non-violent felonies. This is incredible news for anyone out there who feels haunted by past mistakes. Without an expungement, employers can see past transgressions, even if you were found not guilty. Under the new law though, even if your arrest was back in college, you are well within your rights to apply for expungement; there is no time limitation for this process. Once expunged, in the eyes of the law, it’s as if the incident never happened...
Governor Bentley recently approved the Alabama Limited Liability Company Law of 2014. This law, which went into effect at the start of 2015, greatly affects Alabama business owners operating under an LLC. Currently the act only applies to LLCs created after January 1, 2015. On January 1, 2017 though, all existing LLCs will become bound to the new law. The law redefines how we create, operate, and understand LLCs. We’ve highlighted a few noteworthy parts of the law below...
As technology advances and everything shifts online, I can see the initial appeal of companies like LegalZoom. This company operates primarily online, allowing costumers to purchase legal documents, as well as request legal counsel. We buy our shoes online. Why don’t we buy legal services there too? I hope this doesn’t come out sounding overtly bias, but there are definitive drawbacks to having a company provide your legal services. At the end of the day, the company’s service is simply limited. I don’t mean to deter readers if LegalZoom is in their best interest. I simply wish to point out the pitfalls associated with purchasing a legal services online through a multimillion-dollar company...
Trusts are a great way of keeping the government's hands out of your savings. By means of a trust, many are able to pay a significantly lower tax rate on their yearly earnings. You work hard for what you have. You don’t want to see your money squandered away due to astronomically high tax rates or poor fund management. Forming a trust is a great way to insure your savings are kept safe for your children and grandchildren to come...
Divorce is a scary topic, one that many shy from speaking of. It has become, however, a common reality for millions of Americans. To break it down in a legal sense, divorces are either handled through mediation or they are contested. A mitigated divorce is one in which both parties come to an amicable consensus regarding the parting. In terms of divorce, this is the most advisable route. At the Reid Law Firm, we often recommend counseling to our clients. This helps us to be sure divorce is treated as the very last resort. Sometimes, though, divorce is inevitable. In these instances, we urge our client to be practical. Even if the love is gone though, often the divorce can still be handled affably. When kids are involved, this course is particularly advisable. Unfortunately, there are times when a clear solution cannot be reached between the parties and we must turn our sights instead towards a contested divorce...
The contested divorce process can get quite hairy. These are the instances when there is no chance of a peaceful resolve. It is in these cases that we see the highest amounts of perjury testimony. Often the clients are angry. This is a brutal process that shouldn’t be endured unless absolutely necessary. However, while we advise...
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