Contracts are a part of almost every business. They can be written contracts that are fifty pages long with change orders and addenda, they can be one or two page format contracts, or they can be oral contracts arising from agreements. When you run a business, odds are you have run into the problem of providing goods or services to a customer who is delaying on making payments.
Read MoreBeneficiary Designation – A Critical Part of Estate Planning
When people think of estate planning, they usually think of Wills, Trusts, Deeds, Powers of Attorney, and Medical Directives. However, there are tons of other considerations when coming to the table with a family and addressing their unique familial and financial landscapes as they pertain to estate planning. Many of our clients don’t expect us to talk about beneficiary designation as often as we do. Electing beneficiaries and backup beneficiaries on every account that will allow it can avoid unnecessary time waste, stress, and can protect assets when the account owner passes away.
Read MoreEstate planning can be intimidating. Wills, Powers of Attorney, Guardianship, Deeds, Trusts, and lawyers. The subject of estate planning is very mysterious to most people and can even feel scary to talk about. This can cause individuals to leave estate planning goals on the back burner. Truly, estate planning isn’t too complicated. The goals are often the same: 1) avoid conflict between family and friends when people become incapacitated or pass away and 2) avoid probate. We try to make these subjects far more palatable at Wakefield Law – we always offer free consultations with no obligation in estate planning. A comprehensive review can shed light on the unknown. Also, when we actually do get hired, we can often offer flat fees for plans, which takes the guesswork out of how much services will cost. In this blog, we’ll have a quick overview of some of the most important concepts in estate planning.
Read MoreThe winter months are often the ones where our clients go over their books preparing for the upcoming tax season. Going over the books can be very helpful in seeing how the waning year went for your business – it also is hugely important to see what went wrong. Accounts receivable are a reality for every business. If you’re lucky, maybe an unpaid debt is a very rare thing, but it comes up for every type of business, regardless of quality or organization.
Read MoreIt’s engagement season! During the holiday season, lots of couples take that leap and get engaged to be married – There’s beautiful light displays, Christmas Eve, Christmas Day, New Years, and Valentine’s Day is right around the corner. With the fiancé season upon us, it brings up the important question – do engaged couples, or even long-term partnered couples that have not been married, need estate planning documents? The short answer is YES – the most important considerations are not always who gets what when someone dies – they are often about making sure a fiancé, partner, or new spouse is solidified as their agent to make financial and medical decisions, instead of family members that would have been the default choice before partnering up.
Read MoreThe Thanksgiving Season just passed – it gave us the critically important opportunity to reflect on what is important and what we are thankful for. Now we enter the winter holiday season and again the central themes are family and togetherness. Obviously, the winter holiday season is also when we can show our loved ones we care with gifts. We are not recommending you skip the gifts (no grinches here at Wakefield Law), but a carefully planned out estate plan is without a doubt a tremendous gift that you can give to your family.
Read MoreWe talk with clients every single day about beneficiary designations. Making sure every single financial account has carefully listed primary and contingent beneficiaries listed is an absolutely critical component in the estate planning conversation. To explain, let’s talk about what they are first.
Read MoreAt Wakefield Law, we have lots of landlord and tenant clients. The questions of what makes up a lease, what provisions must be in a lease, and what to make sure is not in a lease are ones we examine every day. To be frank, most landlords just Google a lease agreement and present it to their prospective tenants for signature after filling in a few basic details. This is an excellent way to get into trouble in the leasing realm. It’s really important to review all the provisions in a lease for both the landlord and the tenant. Further, it’s necessary to review new and relevant law to make sure if additional documents or considerations need to be included in a new or renewed lease. These questions should be reviewed with an attorney – every lease and every situation is different, but the purpose of this article is just to point out frequently raised issues we face with clients. This is by no means a comprehensive list of what must be in a lease!
Read MoreThe estate planning process is a seldom taught subject. It’s easy to get overwhelmed or anxious when it comes to Wills, Trusts, and the like. However, this Halloween season, don’t get spooked when it comes to getting the documents you need set up. Every day, we’re working with clients to set up succession, inheritance, and emergency plans in place to make sure that if something happens, the right people are going to step up at the right time.
Nobody teaches you about estate planning. It’s an area like taxes, contracts, and other legal issues that people generally just try to figure out for themselves as they go through life. When many people think about “estate planning,” they think about it in terms of age or accumulated assets. Estate planning is often associated with high net worth planning, retirement, prolonged illness, or preparing for passing. For that reason, it’s not something that is talked about in all generational demographics. However, estate planning is crucial no matter where you are in life.
Read MoreAt Wakefield Law, we have been practicing personal injury law in Northern Virginia for over thirty years. We’ve seen a lot and worked with many clients, and there are a few persistent misconceptions about the practice of personal injury law that we want to clear up.
Read MoreMany of you have had experiences with attorneys. Often, these experiences are not remembered fondly, and we understand why! Getting an attorney involved with a legal matter can often be extremely stressful because you do not know if they can be trusted, and even worse – how much the whole thing is going to cost you. When our clients are faced with breaches of contract that often lead to non-payment of money and a debt collection legal matter, they don’t worry at all! That’s because we do a vast majority of our contract litigation and debt collection cases on a contingency fee basis. Keep reading to figure out why that can be a terrific option for getting an attorney involved.
Read MoreOften, the estate planning conversation is all about money. We talk about transferring money and property from one generation to the next and how to save as much as possible. While all that money stuff is still true, there is an even more immediate aspect of estate planning that we have to talk about: what happens before you die, if you are injured, ill, or otherwise incapacitated?
Read MoreWe also help clients every day with enforcement of their contracts. This can mean lawsuits, negotiation, and other forms of conflict. Since we are constantly handling disputes like these, we have deep knowledge as to what provisions must be in any contract that we see. When we see these provisions in our clients’ contracts, we breathe a deep sigh of relief because they allow us to advocate more efficiently and effectively for our clients’ interests.
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