You have been named and accepted a role as the successor trustee of a revocable trust. The trustor has died. Now what? Some preliminary guidance: 1. If you do not already have copies, obtain and read the decedent’s estate planning documents as soon as possible. Determine your duties and how to…
Should the cryptocurrency holdings in your revocable trust be consequential, obtain legal counsel and the input of a qualified financial adviser with digital currency expertise. Failure to do as such will create a minefield for your chosen trustee and beneficiaries. That being said, what follows are a few points to consider with regard to the…
In California, as well as in many of the other jurisdictions we represent our commercial clients in, the legal path to recovering what you are owed, or moving on to more productive endeavors, is most often simple and direct. 1. Evaluate whether the debtor business has the wherewithal to pay and/or determine if there is…
Sure things will change, although we will never know to what degree Covid-19 caused the modification of the daily routines of white-collar staff or merely accelerated an inevitable transformation. Regardless, a long-standing question appears to be resolving itself rather quickly – will the workforce be more or less productive when the overwhelming majority of its…
During a “normal” downturn in the economy and/or when a business client or customer is otherwise not timely satisfying its obligations, it is imperative that a creditor move quickly to jump ahead of its peers in obtaining, in order, a pre-judgment writ of attachment, attachment liens, a judgment and judgment liens, then immediately thereafter commencing…
Country: Taiwan Commercial Debt Collections Limitation Period: Generally 2 years for both oral and written debts, 1 year for freight claims and 3 years for monies owed under a promissory note. Resetting of Statutes of Limitations: Debtor’s acknowledgment of debt generally resets Statute of Limitations Time Limits on Judgment Enforcement: Generally 5 years Country: Hong…
Several times per week we receive calls and emails from potential new clients asking about contingency fee rates in business litigation matters. Sometimes the caller proposes an objectively low rate combined with a phase-down, i.e. as the amount of the recovery rises the fee rate declines. Often the low rate/phase-down accounts sought to be placed…