Manchester, CT, United States – May 30, 2022 —

BailCo LLC, a leading provider of diverse bail bonds for communities across Connecticut wanted to help its former and future clients why the bail bond system is a beneficial solution for individuals and for the society at large. The owner and founder of Bail Co LLC Andrew Marocchini used several illustrative real-life examples to explain why the system may never be adequately replaced, despite multiple attempts to introduce reforms.

Mr. Marocchini explains: “It is in the best interest of the general public and of the immediate beneficiaries of our services to understand the inner workings of the bail system and learn why eradication of bail is not the solution. Many attempts at reforming, denying or eliminating bail altogether have had disastrous consequences. It is unrealistic to simply eliminate bail and fall back on some alternate concept of release from jail. It is not going to be an effective long-term solution and all we need to is retrace our steps to realize why that is so.”

Mr. Marrocchini continues: “Yale University professor emeritus and alumnus Daniel J. Freed was an eminent figure who has devoted his life to building a fairer and more effective criminal justice system. His work paved the way for the Bail Reform Act of 1966: the no-money bail system. But although Professor Freed was the progenitor of a “second generation” of bail reform, he ultimately reached the inevitable conclusion that the reform was a failure.”

“Then we had the Bail Reform Act of 1984 which has led to a massive increase in pretrial incarceration at the federal level: the number of individuals awaiting trial in jail today is three times higher than it was in 1983. And the threat to public safety? Much higher. So the conclusion is simple: bail is not only a way to protect what is a fundamental constitutional right, but also a way to keep the crime rate under control. We have evidence of this, one being the New York State’s bail reform laws implemented in 2019.”, elaborates Mr. Marocchini.

Mr. Marrochini adds: “I highly doubt that future attempts at eliminating a core constitutional right can do our society any good. What we need to do is work on introducing a truly fair and effective bail reform, and the key requirement is to recognize the right to bail, and it is just as important to detain those who are provable flight risks or dangers to the community.”

About BailCo LLC: BailCo’s 20-year anniversary is just around the corner, but the company is as committed as ever to fulfiling its role within the legal system and helping those who have been arrested access viable financial solutions and be released from jail. BailCo Bail Bonds Company has the experience and the capacity to assist arrested individuals in all communities in Connecticut and operate at peak efficiency 24/7. True to its principles of honesty and integrity, BailCo also makes sure to provide the general public with up-to-date information on the bail system in Connecticut.

For more information, please visit: https://www.bailcobailbonds.com/

Contact Info:
Name: Andrew Marrochini
Email: Send Email
Organization: BailCo LLC
Address: 405 Center St, Manchester, CT 06040
Phone: (800) 422-4526
Website: https://www.bailcobailbonds.com/

Release ID: 89075863

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Redlands, California, United States – May 30, 2022 —

Californians considering estate planning, trusts and probate laws should seek out an attorney exclusively focused on these legal matters, advises Estate Planning Attorney Sam Price.

For more information please visit https://pricelawfirm.com

While anyone licensed to practice law can act as the attorney for the estate’s personal representative during the probate process, Mr Price emphasized: “Opting for the right lawyer, whose expertise is in wills, trust administration and estate planning, will be of enormous help. They will be able to answer questions arising from those issues and act as a guide through the complicated process.”

The Founder of Price Law Firm, APC, in Redlands, CA, also urged Californians on the need to better understand issues around legal fees and the probate’s possible timeframe.

California law sets attorney fees as a percentage of the estate’s value. Since legal fees are set by statute, there is little risk of anyone facing substantial costs in California.

Mr Price said: “The only way a client could be overcharged is through “extraordinary fees”, and those need to be approved by a judge before they can be paid.

“I would also urge people to be wary of a lawyer who wants to collect fees before taking a case. The California Rules of Court specifically prohibit collecting any legal fees in probate unless or until there is a court order allowing their collection.”

Due to the pandemic, the probate process in some California counties is taking longer as it is taking up to six months just to obtain a hearing date.

He concluded: “Communication is always key during these difficult periods. So find out how long your questions will take to be answered by a law firm. You may discover some leave questions unanswered for days, while others answer them quickly.”

Contact Info:
Name: Sam Price
Email: Send Email
Organization: Price Law Firm, APC
Address: 300 E State Street, #620 Redlands, CA 92373
Phone: 909-328-7000
Website: https://pricelawfirm.com

Release ID: 89075807

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Orland Park, Illinois, United States – May 30, 2022 —

Doctors need to plan their estate planning carefully to prevent their assets from falling prey in the outcome of medical malpractice lawsuits, urged Estate Planning and Elder Law Attorney Michael T. Huguelet.

For more information please visit https://www.hugueletlaw.com

The founder of the Law Office of Michael T. Huguelet, P.C., in Orland Park, IL, outlined several errors doctors make when planning to shield their assets from possible legal action.

One error is incorrectly assigning assets to a spouse. Huguelet said: “If a couple does divorce or a spouse has legal difficulties, then those assets could well be exposed and in jeopardy. So an effective asset protection plan is critical.”

Not having sufficient liability insurance is a common mistake among his clients in the medical community. He added: “Umbrella liability insurance covers the gaps left by homeowners and auto insurance. It often acts as an additional layer of security if a practitioner faces a lawsuit.”

Another misstep medical professionals make is adding their names to vehicles others use. “For example, if an adult child operates cars, jet skis and boats that are also legally in your name, then you could be sued if your child is in an accident.”

He added: “Assuming revocable living trusts are protected from creditors is another error I find medical professional clients make. A revocable living trust allows you to freely transfer assets in and out of a trust, but the drawback could be when a judge orders you to use money in a living trust to pay back a creditor.”

Doctors also slip up when trying to protect their assets intended for inheritance purposes. Huguelet said: “An asset protection trust must include a trustee who is someone other than either a beneficiary or someone defined as a subordinate under the Internal Revenue Code. By doing this, assets might be shielded from someone, like an ex-spouse, that may attempt to take away money intended for your children.”

Medical practitioners often overlook the details of transferring wealth to their family from their IRA or qualified retirement plan, particularly after the new federal SECURE Act. “A physician’s IRA or other retirement plans will be one of their largest assets,” he said. “But they are either overlooked for protection or little attention given to the beneficiary designations.”

He urged doctors to seek advice from an experienced asset protection attorney before making any significant decisions on their finances that they may come to regret.

Contact Info:
Name: Michael T. Huguelet
Email: Send Email
Organization: Law Office of Michael T. Huguelet, PC
Address: 10723 W. 159th St. Orland Park, IL 60467
Phone: (708) 852-0733
Website: https://www.hugueletlaw.com

Release ID: 89075809

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Bakersfield, California, United States – May 30, 2022 —

Myths surrounding estate planning can cause unnecessary delays, create family rifts and final wishes not adhered to, Elderlaw Attorney Robert Brumfield said this week.

For more information please visit https://www.brumfieldlawgroup.com

The Founder of the Law Offices of Robert H. Brumfield, P.C., in Bakersfield, CA., highlighted misconceptions surrounding estate planning, such as estate planning is only for the rich and that retirement accounts and insurance policies are not included in wealth portfolios.

Brumfield hopes people will take estate planning more seriously by addressing these myths. The goal is to ensure their assets are protected when they pass away or become incapacitated and their wishes are carried out.

He said: “Estate planning is for everyone irrespective of how much money they have. Unfortunately, many put estate planning off as they either believe it doesn’t affect them, it’s too early to consider, or don’t want to contemplate what happens when they die.”

Brumfield emphasized: “Both life insurance and retirement accounts, such as 401ks and IRAs, which are a vital part of a person’s wealth portfolio, need to be incorporated in any estate plan.” 

Once someone has passed away, their assets will be handed to beneficiaries. But there are specific rules regarding beneficiaries that need to be navigated. Failure to do so can have regrettable consequences.

“Estate planning has legal structures to safeguard a person’s assets and assigned beneficiaries. Without these, their wishes may not be met,” he said.

Estate planning can also be held hostage to fortune and family, and muddling through DIY-based plans could leave someone worse off. “Where family and money are intertwined, it can become problematic as there’s a misguided belief that trusted loved ones will make the correct decisions about an estate,” he asserted. 

Brumfield advised: “Estate planning is not something to do on your own as many assume the process assigns an executor to oversee a will and a trustee to manage a trust. A robust plan considers many possible life events and, done right, can guarantee you and your family are protected for all eventualities.”

Contact Info:
Name: Robert H Brumfield
Email: Send Email
Organization: Law Offices of Robert H. Brumfield, P.C.
Address: 1810 Westwind Drive, Suite 100, Bakersfield, CA 93301
Phone: (661) 416-3735
Website: https://www.brumfieldlawgroup.com

Release ID: 89075810

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Frisco, Texas, United States – May 30, 2022 —

Company owners should consider effective estate planning to protect their future business interests, asserts estate planning attorney Fred Haiman.

For more information please visit https://www.haimanhogue.com

Areas including insurance issues, contingency planning, and succession strategies require careful thought by company owners looking to guarantee their businesses long term future, Haiman said in an interview this week. 

The partner of Haiman Hogue, in Frisco, TX, elaborated: “Without proper planning, all their invested time, effort, and money could amount to nothing. Nowhere is this more important than family-owned businesses. Estate planning offers peace of mind so that if anything happens, there is someone to take over the business.”

An important step is to consult an experienced estate and business planning attorney to formulate an estate and business plan, as they are the experts who provide the best advise on issues of concern and can help simplify overly complex matters.

From the outset, a business owner should draw up a will and trust outlining their wishes for the business and how assets should be divided upon death. This should also include a power of attorney to manage your business interests and a healthcare directive that allows someone of trust to make decisions if you become incapacitated.

A well developed estate plan can provide a structure that people have to follow, which prevents family members from fighting over the business and its assets in court. 

One option is using a Trust structure to be the member of an LLC or hold the shares of a corporation. An experienced attorney can also advise on how to minimize the impact of federal and state-based estate and inheritance taxes.

Haiman said: “As part of the estate planning strategy, having life and disability insurance is a must. They provide ample cover for the family if you die and an income stream to the business to keep it operating.” Usually, a business owner will buy two types of insurance: policies for the family and business as beneficiaries.

Creating a succession plan that specifies who takes over the business should you die or become disabled is another excellent idea. Haiman commented: “Conversations, difficult or otherwise, will be needed to ensure a smooth transition of business ownership. Some variables also need to be considered, alongside your attorney’s advice on setting out a succession plan in the estate planning documents.”

Once an estate plan is created, a business owner should speak to all affected parties, stakeholders, and family members to make them aware of their plans. “Being upfront reduces potential conflict between different parties down the line,” Haiman concluded.

Contact Info:
Name: Fred Haiman
Email: Send Email
Organization: Haiman Hogue, PLLC
Address: 2595 Dallas Parkway, Ste. 100, Frisco, Texas 75034
Phone: 469- 893-5337
Website: https://www.haimanhogue.com

Release ID: 89075811

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Sioux Falls(Mitchell), SD, United States – May 30, 2022 —

Seeking Medicaid planning advice from the right professionals is crucial in meeting the needs and rights of senior citizens, Elder Law Attorney Bobbi L. Thury has revealed.

For more information please visit https://www.legacylawfirmpc.com

In an interview this week, the Sioux Falls, SD attorney emphasized: “One of the biggest concerns among the aging population is the cost of care and whether they qualify for Medicaid to cover spiralling bills, such as nursing home costs.

“The wrong advice can result in them losing their assets and putting them and their loved ones in a difficult situation. Not everyone understands the complexities of the Medicaid system, including many estate planning attorneys.”

According to the Co-Founder of Legacy Law Firm, P.C., some people equate estate planning with elder law planning, but Thury explained the difference. 

“Elder law attorneys protect your money and assets while you’re alive, but estate planning attorneys focus on how to distribute assets after a person’s death. 

“Finding an estate planning and elder law firm, with attorneys versed in both fields, will enable a person to create a complete Family Protection Plan rather than just an estate plan,” Thury said.

The attorney stressed that incorrectly-worded trust agreements to protect assets could also jeopardize a person’s eligibility to qualify for Medicaid benefits. 

“Many are unaware that certain income and savings are exempt under law from being applied toward medical costs,” Thury elaborated.

“If you’re still wondering where to start in Medicaid planning and what assets shouldn’t be considered when applying, consult an experienced elder law and estate planning attorney. They address the many questions you may have about the subject.”

Contact Info:
Name: Bobbi L. Thury
Email: Send Email
Organization: Legacy Law Firm, P.C.
Address: 7404 Bitterroot Pl, Sioux Falls, SD 57108
Phone: 605-275-5665
Website: https://www.legacylawfirmpc.com

Release ID: 89075813

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Nashville, TN, United States – May 30, 2022 —

In a recent interview, divorce attorney, Francis King, revealed the importance of asking questions before hiring legal representation. 

For more information please visit https://franciskinglaw.com

The founder of the Law Offices of Francis King, in Nashville, TN, commented: “Dissolving a marriage can be mentally and emotionally exhausting. So this makes it all the more important to hire the right divorce attorney to fit your particular needs.”

One of the most important things to ask is an attorney’s level of experience. “When interviewing a potential divorce attorney, you’ll need to find out if they deal with cases other than family and divorce law. If you lean toward retaining an attorney who focuses exclusively on divorce and family law cases, it will be better as they’ll have more experience in these areas.”

King added: “Ask the attorney  how long they have been concentrating on  family law, not simply just practicing  law in general. This is because going through a divorce process involves many moving parts, particularly if a divorce has to go to trial. Experience in other practice areas will not necessarily transfer effectively to the handling of a divorce or family law case.”

“The attorney not only needs to have litigation experience, but must also understand the emotions and psychology involved in a divorce case in order to properly advise the client about what to expect during the process.”

The attorney  will also need to advise how a client can help themselves and their children through this transition, what a reasonable settlement offer would look like, and, if necessary, what relief they should request from the court.

King asserted that clients should also ask about an attorney’s fee structure to set expectations and avoid surprises. “While many may shy away from it, it’s essential they know what to expect financially from the divorce process.” 

“Some additional things you should ask include if the lawyer will  require a retainer, if they have different rates for in-court and out-court time, and whether or not they charge by the hour or a fixed fee. If they charge by the hour, ask if they bill at the quarter of an hour or the tenth of an hour, and if they have any minimums.”  

He added: “If you’ve never gone through a divorce, you may not know what lies ahead, as divorce law can vary by state, and the length of the divorce process hinges on how agreeable and motivated both parties are to achieving a reasonable outcome.” 

“After understanding your situation, an experienced divorce attorney can help provide you with an estimated timeframe to help you mentally prepare for the journey ahead.”

Contact Info:
Name: Francis King
Email: Send Email
Organization: Law Offices of Francis King
Address: 4235 Hillsboro Pike #300 Nashville, TN 37215
Phone: 615-385-7654
Website: https://franciskinglaw.com

Release ID: 89075808

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Salem, Massachusetts, United States – May 30, 2022 —

Attorney Christopher T. Casey has outlined how self-settled asset protection trusts often expose people’s assets. 

For more information please visit https://www.caseylundreganlaw.com

When asked to comment, Casey, a partner of Casey & Lundregan, P.C, of Salem, MA, commented: “While putting self-settled trusts in place of more conventional asset protection plans is trendy these days, there are serious setbacks that could do more harm than good.”

He added, “The most appealing aspect of a self-settled trust is that the grantor and beneficiary are the same person. These are spendthrift trusts that the grantor forms for his or her own benefit.

This is done in an attempt to protect trust assets from creditors. But it doesn’t work for past creditors, for all assets, in every state, or all circumstances. And most U.S. states don’t recognize self-settled trusts at all.”

Many people open foreign asset protection trusts under the false assumption that moving their assets overseas will help shield them from creditors. He said: “While it’s true that judges in U.S. courts do not have jurisdiction over assets tucked away in foreign asset protection trusts, there are ways the courts can still dole out punishment for any perceived wrongdoing.”

When asked for an example, Casey explained: “For instance, if the IRS has deemed you owe taxes and the court can prove you have enough money placed in a foreign trust to cover your tax liability, then you might be penalized for not repatriating the money and paying the IRS.” 

A judge can order that someone move their funds from a foreign trust back into the country.

Domestic asset protection trusts – one type of common self-settled trust – are not recognized in every state, making people legally and financially vulnerable. 

“States often differ in their regulations surrounding domestic asset protection trusts. If a state doesn’t legally recognize this type of trust, any assets put in that type of trust are not protected from debt collectors,” he said.

While some states recognize domestic trusts as part of their legislation, Casey said that asset protection is still not guaranteed, particularly when it comes to bankruptcy. “Creditors have and can submit an involuntary bankruptcy petition to the courts that are located in states that legally recognize domestic asset protection trusts. This has the potential to place your assets at risk,” he said.

“Although self-settled trusts might seem appealing to many, the risk is that their assets will be exposed, he advised. “Contact an experienced asset protection attorney to learn more about non-self-settled trusts.” 

Contact Info:
Name: Christopher T. Casey
Email: Send Email
Organization: Casey & Lundregan, P.C.
Address: 71 Washington Street, Salem, MA 01970
Phone: 978-741-3888
Website: https://www.caseylundreganlaw.com

Release ID: 89075812

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Lynn, Massachusetts, United States – May 30, 2022 —

Avoiding the pitfalls of estate planning can help reduce the stress and confusion of loved ones when the time comes to apply it, Elder Law attorney Brendan L. Ward said this week.

For more information please visit https://cherrytreelegal.com

Taking time out from his busy schedule, Ward revealed the most common mistakes to avoid when considering what to do around the subject of planning your estate.

The Managing Partner of Cherry Tree Legal, PLLC, in Lynn, MA, said that to safeguard your legacy, the biggest mistake was to either ignore or not even make time to make a plan.

“Too many people put estate planning on the back burner until it is too late to react,” he commented. “Failing to do so could imperil your assets and what your loved ones are expected to do when you die. Now’s the time to start planning. The earlier, the better.”

He said that discussing your estate planning options with loved ones and close friends is an opportunity to outline what you have planned for your assets and lessen the risk of disagreement after your passing.

Estate planning, he added, is all about detail. That means asserting a power of attorney or naming someone to act on your behalf if you become incapacitated and are unable to make medical decisions independently.

“Rather than assigning just one beneficiary per asset, it would be better to have a contingent beneficiary if the primary one dies before you do,” he added. 

Ward pointed out the need to write your funeral details in the estate plan so that everyone was clear on your final arrangements. Equally, detailing your wishes for end of life care should also be stipulated.

“While there is so much focus on traditional estate planning options, you shouldn’t forget the need to address your digital assets and how these should be handled. These can range from social media accounts to your online banking accounts.”

Ward went further and urged people to seek advice from an estate planning attorney who would offer a broader scope of options that you may not have considered – such as leaving money to your favorite charities and planning for your children’s futures in terms of how assets can be left for specific uses and who takes care of them.

He said that any estate plan should also consider creditor or tax liabilities and to thoroughly understand the tax laws of the state you live in so that you can plan accordingly.

“While making sure you update the plan regularly, so it remains current to your life events, you will also need to make sure your loved ones know where your estate plan is when you pass away as it is useless if they can’t find it. So let them know,” Ward concluded.

Contact Info:
Name: Brendan Ward
Email: Send Email
Organization: Cherry Tree Legal, PLLC
Address: 85 Exchange St Suite 302, Lynn, MA 01901
Phone: 781-496-2017
Website: https://cherrytreelegal.com

Release ID: 89075804

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Orlando, Florida, United States – May 30, 2022 —

An accountant should be considered more than just a gatekeeper to a business account; they can become an essential part of the company’s success, said Florida-based Business Accountant Pauline Ho this week.

For more information please visit https://lausconsult.com

In an interview, the Founder of Orlando’s Laus Consulting Services LLC said that an accountant, first and foremost, helps a business owner manage their company’s financial structure.

“This encompasses everything from financial analysis to compliance and providing advice on how to improve a company’s financial health,” she said. “They could become a vital asset to an entrepreneur in planning their business forward. They are there to be utilized rather than to just observe cash flow.”

An accountant will be able to offer expert advice on bookkeeping – which helps keep track of a business’s overall revenue flow, where and how the money is coming in, and monitor the costs and overheads that are flowing out.

They will also be best placed to monitor the books and advise how a company could cut its costs and losses to turn around into a profit. Additionally, an accountant will handle year-end reports and the annual tax filings.

For example, a financial report will not only include management accounts but offer insight into three areas: cash flow overview, profit and loss statement, and a balance sheet.

It can be handy to utilize an accountant to monitor cash flows at various times of the year, which could help you plan for upcoming trends, prepare for times of cash outflow, and when it might be best to re-invest.

A balance sheet is indicative of how a business is performing, what it owes and offers an overview of the success or failure of a small company.

Ho explained that an accountant could offer timely and essential advice on whether an additional company bank account is required, better financial software programs, improve efficiencies of scale, improve payroll procedures, and even maintain financial growth and increase sales.

She added: “An accountant can be worth their weight in gold for a small business owner who is left bemused and confused by cashflows and financial pre-planning. 

“Ultimately, they can be an essential tool from preventing a company from going under, staying afloat and even improving its performance in the long term.”

The accountant concluded: “Having an accountant by your side enables you to concentrate on other important things – such as running your business. An accountant can keep on top of a company’s financial health and tell the owner what they see as the company performs on a day-to-day level.”

Contact Info:
Name: Pauline Ho
Email: Send Email
Organization: Laus Consulting Services LLC
Address: 879 Outer Rd B, Orlando, FL 32814
Phone: 407-401-9768
Website: https://lausconsult.com

Release ID: 89075805

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