Where do I start with an Attorney?

FREQUENTLY ASKED QUESTIONS

General Questions

Can I book a consultation?

Yes, you can book a 1 hour consultation. The cost for a 1-hour consultation is $150. The fee is paid upfront. If you would like to pay for and book your consultation please fill out our “Paid pre-consultion form”. In this consultation, the firm can advise you whether you have a legal matter the firm can help you with.

How are legal fee's assessed with your firm?
Hourly rate:

The Law Office of Randall K. Edwards takes cases on an hourly rate in most business planning and litigation matters, as well as complex estate and asset protection planning. What that means is that the office charges the client for all of the time that is actually spent on the case. The hourly charge includes time spent on the telephone, time expended researching the case and drafting legal documents, time used in strategizing on the case, travel time, and all other time spent working on the case. The client is also required to pay all costs, such as filing fees, expert fees, travel and lodging costs and other associated costs.

Contingency fee:

On selected types of cases, including serious personal injury cases, medical malpractice matters, wrongful death suits, civil rights actions, and some collection matters, the firm enters into a contingency fee arrangement with the client. This means that the firm takes a certain percentage of the overall recovery as its fee. This percentage generally ranges from 40% to 50% of the total recovery, depending on the type of case. In cases where there is a statutory cap on fees, the firm is obviously bound by the relevant regulations (for example, some state statutes limit attorney’s fees in medical malpractice actions to one-third of the total recovery).

In contingency fee cases, the client remains responsible for the payment of all costs of the case, including filing fees, expert witness fees, travel costs and other hard costs associated with the case. In the event that the firm pays any of the fees on the client’s behalf, the firm expects to be reimbursed from the client’s share of the recovery. In cases where there is no recovery, the client remains ultimately responsible for the payment of costs.

Flat fee:

In certain types of cases, including immigration matters, estate planning and asset protection planning and implementation, as well as certain types of business transactions, the firm may enter into a flat fee arrangement. This means that the firm will be paid a certain amount agreed on between the firm and the client, regardless of the number of hours spent by the firm on the project. The amount of the fee will depend on the type of case, the estimated time required for the project and the complexity of the matter.

What is your firm's legal methodology?

Comedian Steve Wright used to say, “You can’t have everything … where would you put it?” In the same sense, no law firm – no matter how large – can “have everything” when it comes to addressing a client’s legal needs. For that reason, it is necessary that there be a “holistic” – or “complete” – approach to dealing with a client’s particular situation. Legal necessities do not exist in a vacuum. To the contrary, every client’s situation is made up of a variety of factors. For example:

  • A business looking for help in plotting its course requires not only legal counsel, but financial input, risk management assessments, insurance specialists, and accounting and tax advice.
  • A victim of an accident seeking redress needs input from medical professionals, life care planners, occupational therapists and financial advisers.
  • A defendant in civil litigation needs not only competent tactical legal advice, but also counsel on the management of potential risk in moving forward to a trial.
  • An elderly couple planning the distribution of their estate upon their deaths need to review not only legal procedures, but also tax ramifications and long-term needs for their heirs.
  • A young entrepreneur starting out in business requires advice not only from a lawyer, but also from financial, insurance and accounting professionals on the best legal structure to use for a maximum of flexibility and a minimum of risk, the best way to utilize a business plan and, where necessary, an exit strategy.
  • A medical professional concerned about the possibility of a devastating lawsuit needs help in protecting assets through the wise use of insurance, as well as business and other legal structures.
  • An individual cheated in a business requires an expert is finding and levying assets in order to be fully compensated.

A “holistic” approach to the practice of law recognizes that a client’s total situation must be addressed in solving what may at first blush appear only to be a legal problem. A “holistic” practitioner utilizes professionals from other disciplines – such as accountants, financial planners, insurance agents, medical personnel and, where necessary, other lawyers, to fully assess and address each client’s particular needs.

The Law Office of Randall K. Edwards is proud to use a “holistic” approach to addressing client needs. Our professionals not only utilize our own team of accountants, insurance specialists, medical experts, tax specialists, financial advisers, asset protection planners and trial attorneys, but also work with each client’s advisers in order to address every client’s unique needs.

I'm going to trial; what is the best type of Legal Attorney for me?

Many lawyers spend their entire career behind a desk, never darkening the door of a courthouse. They draft documents, negotiate contracts, meet with clients, and formulate plans, but never appear before a judge or jury.

Other lawyers spend their careers in court, prosecuting misdemeanors or defending criminal cases, but never spend time counseling clients on the legal aspects of important business or personal decisions.

The best combination of experience, however, is for a lawyer to have a balance of both transactional and trial experience. If, for example, a transactional attorney has never put a witness on the stand, sweated through a deposition or waited for a jury’s verdict, the lawyer will not really be able to predict with any certainty from real-life litigation experience whether, and how, a transaction will stand up in court. On the other hand, if a lawyer is a master of the courtroom but has little experience in counseling clients on how to avoid litigation, the lawyer may be ill-prepared to craft legal advice that is in the client’s best interest.

At the Law Office of Randall K. Edwards, we offer a broad experience in trial and transactional law.

I need help with some legal documents or filings; what is the best type of Legal Attorney for me?

Many lawyers spend their entire career behind a desk, never darkening the door of a courthouse. They draft documents, negotiate contracts, meet with clients, and formulate plans, but never appear before a judge or jury.

Other lawyers spend their careers in court, prosecuting misdemeanors or defending criminal cases, but never spend time counseling clients on the legal aspects of important business or personal decisions.

The best combination of experience, however, is for a lawyer to have a balance of both transactional and trial experience. If, for example, a transactional attorney has never put a witness on the stand, sweated through a deposition or waited for a jury’s verdict, the lawyer will not really be able to predict with any certainty from real-life litigation experience whether, and how, a transaction will stand up in court. On the other hand, if a lawyer is a master of the courtroom but has little experience in counseling clients on how to avoid litigation, the lawyer may be ill-prepared to craft legal advice that is in the client’s best interest.

At the Law Office of Randall K. Edwards, we offer a broad experience in trial and transactional law.

Asset Protection Questions

Why is Asset Protection important?

Asset protection is important for several reasons, and individuals often engage in asset protection planning to safeguard their wealth and financial well-being.

What areas of life and business, can Asset Protection help me with?
  1. Lawsuit and Creditor Protection:

    • Asset protection helps shield one’s assets from potential lawsuits and creditors. In the event of legal actions, having a well-structured plan in place can prevent the loss of valuable assets.
  2. Financial Security:

    • Protecting assets contributes to overall financial security. By minimizing the risk of losing assets, individuals can better ensure their financial stability and provide for their future needs.
  3. Business Risk Mitigation:

    • Business owners often face risks related to their business activities. Asset protection strategies can help separate personal and business assets, reducing the impact of business-related liabilities on personal wealth.
  4. Estate Planning and Wealth Transfer:

    • Asset protection is closely linked to estate planning. Planning ahead can facilitate the smooth transfer of wealth to heirs and beneficiaries, minimizing taxes and potential disputes.
  5. Privacy Concerns:

    • Some individuals value their privacy and may use asset protection strategies to keep their financial affairs confidential. Certain structures, such as trusts, can offer a degree of privacy.
  6. Tax Planning:

    • Asset protection often intersects with tax planning. By structuring assets in a way that minimizes tax liabilities, individuals can preserve more of their wealth for themselves and their heirs.
  7. Professional Liability:

    • Professionals in high-liability fields, such as doctors and lawyers, may use asset protection to shield their personal assets from potential professional liabilities.
  8. Economic Downturns:

    • During economic downturns or financial crises, individuals and businesses may face increased financial challenges. Asset protection can provide a buffer against these uncertainties.
  9. Peace of Mind:

    • Knowing that one’s assets are reasonably protected can provide peace of mind. This assurance allows individuals to focus on their personal and professional pursuits without constant concern about financial threats.
  10. Flexibility in Financial Planning:

    • Asset protection plans can offer flexibility, allowing individuals to adapt to changes in their financial situation, family structure, or legal environment over time.
  11. Preserving Family Wealth:

    • For individuals with substantial family wealth, protecting assets is essential for preserving and passing on that wealth to future generations.
  12. Deterrent to Frivolous Lawsuits:

    • The existence of an asset protection plan can serve as a deterrent to individuals contemplating frivolous or opportunistic lawsuits, as it signals that the potential target has taken steps to protect their assets.

It’s important to note that while asset protection is a valuable financial planning tool, it must be done in compliance with legal and ethical standards. Seeking professional advice from attorneys, financial planners, and other experts is advisable to ensure that asset protection strategies are effective and legally sound.

Do I need an Attorney for Asset Protection?

It’s important to note that while asset protection is a valuable financial planning tool, it must be done in compliance with legal and ethical standards. Seeking professional advice from attorneys, financial planners, and other experts is advisable to ensure that asset protection strategies are effective and legally sound.

Estate Planning Questions

What is Estate Planning?

Estate planning involves making arrangements for the management and distribution of one’s assets in the event of death or incapacitation.

What are the consequences of not having an estate plan?
  • This question explores the consequences of not having a plan in place, including the possibility of assets being distributed according to state laws (intestacy) and potential family disputes. This all becomes much more complex based on your investment, business, and personal assets. 
Why is Estate Planning important for me?

Estate planning is a comprehensive and forward-thinking process that involves making crucial decisions about the management, protection, and distribution of one’s assets in the event of death or incapacity. The primary goal of estate planning is to ensure that an individual’s wishes are honored and that their assets are transferred seamlessly to intended beneficiaries while minimizing tax implications and potential family disputes. This multifaceted process typically includes the creation of legal documents such as wills, trusts, powers of attorney, and healthcare directives. Through careful consideration and strategic planning, individuals can designate heirs, appoint trusted individuals to manage their affairs, and establish mechanisms to provide for loved ones. Estate planning is not solely for the wealthy; individuals of all financial backgrounds benefit from this proactive approach to secure their financial legacy, protect their families, and provide a roadmap for the efficient administration of their estates. Regular reviews and updates to the estate plan ensure its alignment with changing circumstances, making estate planning an ongoing and adaptable process throughout one’s life.

Financial & Tax Planning Questions

How can I optimize my investments for tax efficiency?
  • Questions about tax-efficient investment strategies, like utilizing tax-advantaged accounts or managing capital gains, are common in financial tax planning.
Can I defer Income to reduce my tax liability?
  • Individuals may inquire about strategies for deferring income to a later tax year, potentially resulting in a lower current tax liability.
What are the tax consequences of selling property or investments?
  • Individuals often seek guidance on the tax implications of selling real estate, stocks, or other investments and strategies to minimize capital gains taxes. The answer can be complex, so we advise you book a 1 hour consultation with our “Pre Paid booking pre-consultation form”

Captive Insurance Questions

What is captive insurance, and how does it differ from traditional insurance?
  • This question seeks to understand the fundamental concept of captive insurance and the distinctions between captive and conventional insurance.
Why would a company choose to form a captive insurance company?
  • Understanding the motivations behind establishing a captive helps individuals and businesses grasp the potential advantages, such as cost control and enhanced risk management.
hat industries or businesses are well-suited for captive insurance?
  • Exploring the suitability of captive insurance for different industries or business sizes helps potential users determine if it aligns with their needs.

Schedule A Consultation

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