Secure Your Finances: Why You Need a Lawyer for Financial Issues
Financial Lawyer • October 31, 2024
As of February 2024, an American’s average debt is $103,358. If you’re feeling stressed about your financial life, you’re far from alone.
In some instances, debts, assets, and liabilities can escalate and become legal matters that need your urgent attention. But you don’t have to feel overwhelmed. You can hire a lawyer for financial issues from Bahe Cook Cantley & Nefzger. With our help, you can address these matters once and for all.
While that may sound drastic, our firm may be your best option. Read on to understand how we can help with your financial problems.
Why Hire a Financial Lawyer?
A financial lawyer can help you with a broad range of financial crises, otherwise known as financial distress. The term refers to scenarios when companies or individuals have inadequate revenues or income, making them unable to settle their financial obligations.
Financial lawyers can help with taxes, insurance, investments, financing, and other money-related matters. With our experience and expertise, you can make more informed decisions about your money and assets.
Our lawyers for financial issues can:
- Inform you of your legal rights
- Explain the legal implications of a contract
- Guide you on the credit laws in your state
- Protect your banking and other financial details
- Formulate strategies for managing funds and debts
- Offer advice on new sources of income
- Protect you against unfair, deceptive, and predatory practices
- Look for issues in the system so you can avoid liabilities
- Suggest strategies and solutions to alleviate your financial burden
Bottom line? We’ll help you address any financial mistakes you’ve made and help you manage your cash flow better.
Cases Where You Need Legal Financial Advice
A financial lawyer can help you with a variety of money-related challenges, including:
- Taxes
- Did you recently move into a higher tax bracket? Congratulations are in order.
- But before you treat your loved ones to lavish presents, understand how it affects your federal income taxes. This can be a complicated procedure, but you can avoid making rookie mistakes with a financial lawyer by your side.
- Financial lawyers have extensive knowledge regarding tax-related issues and codes. We offer valuable advice for filing taxes with the Internal Revenue Service (IRS). We’ll also help you file returns for wealth management, ensure your information is in order for audits, and represent you during appeals, lawsuits, and negotiations.
- Insurance
- The US insurance industry writes premiums for more than $1 trillion annually. However, not many policyholders get to cash in because the terms and conditions are drafted to protect the interests of the company and reduce its exposure to large claims and lawsuits. Out of 1.4 billion annual claims, 200 of them were rejected. And this is in the medical field alone.
- Hence, hire a financial lawyer before signing a contract. Bahe Cook Cantley & Nefzger will examine the policy to determine your coverage, payout, and exemptions. If necessary, we can also file a lawsuit to help you get the compensation you rightfully deserve.
- Investment
- Investments can make your money work for you as long as you know how they work. It’s a complex field with confusing twists and turns. So, if you’re looking to accumulate wealth, get solid advice from financial lawyers. If you want to stay ahead of inflation and retire early, our experts are your best shot.
- We’ll look at state laws and regulations to ensure compliance, keep a close eye on the market to find the most profitable stocks and bonds, and assess your risk profile so that we can recommend suitable investment options.
- Bankruptcy
- Did you know that total bankruptcy filings have risen 13% since 2022? While bankruptcy claims are by no means a quick-fix solution to your financial woes, they buy you time and allow you to get your affairs in order.
- But because they involve all your legal or equitable assets and interests, you must hire a competent lawyer who can ensure a favorable recovery.
- Our financial and legal experts can:
- Help you explore alternatives to bankruptcy
- File the right type of claim
- Perform a valuation of your estate and apply for possible exemptions
- Negotiate with creditors so you only need to settle the lowest possible percentage of debt
- Filing for bankruptcy can impact your credit score for up to 10 years, making you susceptible to higher interest rates and fees. But not all hope is lost. A good financial lawyer from our firm will brief you on how you can rebuild your score.
- Banking Issues
- Thinking of taking out a loan or purchasing an item in installments?
- Don’t be too quick to jump the gun. Banks are for-profit institutions, known for sneaking clauses in their agreements with technical language. In fact, 91% of people consent to legal terms and conditions without reading them, making them susceptible to liabilities.
- That’s why you need a financial services lawyer in your corner. We’ll draft and review the banking agreements of loans and mortgages as well as develop a strategic plan in the event of business fraud, repossessions, leaked data, and foreclosures. If you have a dispute with your bank, we can protect your rights and interests and address any disagreements so they don’t go to court.
- Estate Planning
- Without proper estate planning or a will, the distribution of assets falls to the mercy of the legal system. This happens quite often, for 68% of Americans in fact.
- If you don’t want your hard-earned dollars to go into the wrong hands, cause conflict among the beneficiaries, and lead to uncertainty for loved ones, reach out to a knowledgeable financial lawyer.
- We will:
- Structure the bequest to support your goals, including your preferred charitable institutions
- Minimize the tax burden to increase the amount of wealth that is passed down
- Specify who has the power of attorney for your end-of-life medical decisions
- Facing your demise can be difficult so having a trusted advocate in your corner can offer you peace of mind.
- Securing Finance
- Thinking of investing in property? The process of securing loans or mortgages can be complicated, so make sure you explore it with a financial lawyer.
- A competent attorney will give you advice on matters related to financing, ensure compliance with the law, look for potential liabilities, and review the documents to ensure you’re covered throughout the process. We’ll help you get a lower interest rate, making it easier for you to repay the debt. It’s best to choose professionals from Bahe Cook Cantley & Nefzger who are familiar with the Fair Debt Collection Practices Act.
Get Advice from Bahe Cook Cantley & Nefzger PLC
Looking for a skilled lawyer for financial issues in Kentucky?
If you want to ensure compliance with state laws, trust the experts at Bahe Cook Cantley & Nefzger. Our team has a wealth of experience in dealing with fiscal matters similar to yours. We can help you navigate the tricky legal system so you achieve your financial objectives.
Want to learn more about how we can help? Book a free consultation today.
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