AshleyCrispin Ackal Trust Trial Lawyer West Palm Beach
Ashley Crispin Ackal Discusses Why a Trust Matters So Much Now in a Pandemic

Ashley Crispin Ackal Discusses Why a Trust Matters So Much Now in a Pandemic

COVID has established itself extremely well, and with the figures of those who have passed now well over 300,000, and a vaccine barely being distributed, it isn’t a silly idea to make sure one has their estate planning in order just in case, according to Ashley Crispin Ackal Estate Trial Lawyer of West Palm Beach. Person after person, case after case, we all keep hearing stories about folks who do everything right, kept their distance, work a mask, and then made one mistake and came down with a COVID infection. While most recover, the tragic stories continue of individuals being removed from life by the virus, sometimes in just a matter of days from what Ashley Crispin sees in the news like you. While folks who might end up being in such a situation can’t prevent fate, we all can definitely make things easier for our loved ones by having a good estate plan taken care of for them, according to Ashley.

 

Ashley Crispin Notes a Trust Makes a Lot of Sense Right Now

 

The fundamental problem with a simple will is that everything a person has must go through probate in most states, according to the work of Ashley Crispin Ackal Estate Trial Lawyer of West Palm Beach. That’s an extended process that relies on the courts, which also are impacted by COVID and most caseload is delayed. That means, your estate that your loved ones may very much need right away to keep things paid and a roof over their head will be stuck in limbo while creditors come knocking. From what Ashley Crispin regularly sees, until the probate process is completed, those assets can’t be distributed. And that becomes extremely difficult and frustrating when you might be a single-income earner for the rest of your family, a common issue Ashley Crispin witnesses in families all the time in probate.

 

However, Ashley Crispin points out with a trust your assets and estate plan transfers immediately to your designated loved ones. A trust is private and works as its own legal entity. There is no need for the probate process because the title to your assets and resources have already been transferred while you’re alive into the trust. When the trigger event happens, if it does, and you do pass, your assets in the trust then automatically distributed per the terms of the trust details to your named beneficiaries, according to Ashley Crispin. The legal tool really makes a lot of sense when people want to make sure their loved ones are taken care of.

 

COVID doesn’t discriminate. Whether you’re a member of Congress, a cook, a wealth book writer or a police officer, people are being affected in this pandemic randomly and rapidly. While we will eventually get to a vaccine sometime in 2021, you can take hold of your family’s future now by preparing for a problem before it occurs, notes Ashley Crispin.

 

Keep in mind, a trust helps in other ways too. Per the experience of O’Connell & Crispin Ackal PLLC, it can reduce the total tax liability that your estate transfer might otherwise trigger via inheritance tax. Since your actual assets are turned over to a trust ahead of time, your eligible inheritance tax property is less on your passing. You also get the final say on your assets via the trust, according to Ashley Crispin. In probate, even with a will, the court could change the distribution. You furthermore bring down the cost of distributing your estate by reducing probate costs. Less to probate means less to pay in related fees. And your estate stays private, a key issue O’Connell & Crispin Ackal PLLC points out for those who aren’t interested in their details becoming public records in the court system.

 

There is no question that COVID has everyone anxious and, ideally, we will all get past it with a vaccine and move on. However, from the experience of O’Connell & Crispin Ackal PLLC, it’s also very smart to be prepared for all contingencies and to make sure your loved ones are not left in the lurch. And, per Ashley Crispin, a trust can solve all these problems effectively.

Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach Discusses Fighting Breaches of Fiduciary Duty Claims

Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach (2)Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach has defended many fiduciary breaches of duty over the years and has helped many clients get financial restitution. Unfortunately, many don’t bother fighting this type of case because it seems too hard. Thankfully, many remedies are available that may help.

O’Connell & Crispin Ackal PLLC Advises Pre-Trial Remedies When Possible

Over the years, Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach has found that pretrial remedies provide a plaintiff with the best chance of recovery from a fiduciary breach of duty. These remedies try to avoid a lengthy trial that may be frustrating and expensive. And while not always successful, Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach finds that they may be a good option.

For example, a plaintiff may attempt an attachment, a remedy wherein they try to levy on a non-exempt property before trial. Typically, this step is done if a client is likely to attempt to hide assets during a trial. Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach suggests this option if the defendant has a history of duty breaches and has hidden assets in the past.

If a writ of attachment is not available for any reason – such as lack of executable property – sequestration may be possible. Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach suggests this option if there is a conflict of ownership claims and you want to preserve a piece of property during a lawsuit. Often, Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach finds this option is necessary for those fighting a fiduciary breach of duty.

Other Approaches O’Connell & Crispin Ackal PLLC Suggests

When pre-trial approaches are not available, Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach suggests garnishment as a good first choice. Garnishment repays the client by taking money, property, or other possessions from a person. In most cases, Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach states that garnishment comes from a paycheck, guaranteeing some payment type.

When a garnishment is not possible for any reason, Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach suggests repossession. Unfortunately, here is where things can get tricky because repossession is often fought quite heavily by the defendant. They may attempt to remove the collateral or the property being repossessed, Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach says, and complicate a case further.

Whatever approach a person takes, Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach states that it is necessary to gather evidence that proves a breach of duty took place. Her clients often suffer a breach but have no receipt or contract proving a fiduciary duty. As a result, O’Connell & Crispin Ackal PLLC usually has little way of helping clients.

Ashley Crispin Ackal Trust Trial Lawyer West Palm Beach

Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach Places Her Clients First

Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach Has Built a Successful Practice By Advocating for the Best Interests of the Client Every Time

Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach (5)When someone needs a lawyer, the stakes are high. Therefore, it is important to partner with the right professional. Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach has built a successful career by placing the needs of the client first every time. While many attorneys are fine to collect a large paycheck regardless of whether they win or lose, Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach has never operated this way. O’Connell & Crispin Ackal PLLC has always tried to fight for the best interests of her clients and this is paying off in the form of a successful, growing firm that is filled with happy and satisfied clients.

Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach Specializes in Trust Law

It is important for all families to protect their assets and one of the ways to do this is to place these assets in a trust. Many families do not realize that they might not even be able to give away their assets when they pass away. The Estate Tax can take a significant chunk of the money that people have worked hard to earn. People have already paid income tax and capital gains taxes on these assets and they should not have to be taxed twice. This is where Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach can help. O’Connell & Crispin Ackal PLLC has an intimate understanding of estate and trust law and can help families set up vehicles that will protect their investments, allowing them to pass down their assets when they pass away.

Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach Advocates for Small Business Owners

O’Connell & Crispin Ackal PLLC knows that the backbone of the local area has always been small businesses. That is why O’Connell & Crispin Ackal PLLC specializes in commercial law as well. This is a rapidly changing area of the law and it is important for everyone to partner with someone who will stand up for the rights of small business owners. Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach does exactly that.

Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach Looks Toward the Future

Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach has already made a name for herself in the local area by fighting for the needs of her clients. When someone needs a lawyer, it is important to have a reliable, experienced legal professional who places the needs of the client first. Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach has shown a willingness to do that every time.

Ashley Crispin Ackal Trust Trial Lawyer West Palm Beach

Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach Discusses Common After-Death Disputes

Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach recently discussed the most common after-death disputes.

Experiencing the death of a loved one can bring about thousands of emotions. Most of those emotions are associated with sadness and grief. However, all too often, the family and friends of the deceased are forced to deal with the stress of legal disputes. Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach recently explained the most common after-death disputes she sees at O’Connell & Crispin Ackal PLLC.

“Inheritance disputes are some of the most common we see at O’Connell & Crispin Ackal PLLC,” Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach said. “Many times, it’s known as a failure of intentionality. A family member may think the deceased intended for them to inherit more than is stated in the will.”

Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach explained that inheritance disputes are usually due to miscommunications between family members. Certain statements may not have been written down, and that leads to disputes among family members.

Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach of O’Connell & Crispin Ackal PLLC added that other legal issues occurring upon a loved one’s death may involve paying the costs associated with the death. These costs can include estate attorneys, unpaid medical bills, the cost of burial, funeral expenses and so much more. Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach stated that all of these are expenses that need to be paid by someone, and friends and family often dispute who is required to pitch in.

“We also see cases where family members are not disputing amongst each other, but they are trying to reconcile wrongful acts that occurred during the decedent’s lifetime,” Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach said. “It is not uncommon that an elderly person is mistreated financially by health care aids or others who seek to take advantage of the situation.”

Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach added that, for instance, a family will realize that a caretaker was given power of attorney over the patient’s finances. It isn’t until the family views the bank account and power of attorney after death that they are made aware of this wrongdoing. The expert lawyers at O’Connell & Crispin Ackal PLLC seek justice for these families who, in addition to losing a loved one, have become victims of a heartless crime.

“The stress associated with the death of a loved one can bring about so many emotions that it’s no surprise the law often has to get involved,” Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach said. “At O’Connell & Crispin Ackal PLLC, we seek justice for those in need and always try to make the process as painless as possible.”

Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach Provides Solutions for Commercial Law Concerns During COVID

The business impact of Covid-19 has created many commercial law cases for Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach over the last few months. These concerns have spread rapidly and aren’t going to go away any time soon. As a result, O’Connell Crispin Ackal West Palm Beach recently examined three of these issues.

Commercial Leases May Be Compromised, According to Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach

Companies renting buildings, equipment, or other operation items may find themselves running into some trouble during COVID. Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach has noted many rent payment issues, which are very concerning for commercial law. Though foreclosure prevention has helped keep many safe, this help isn’t always enough.

The solution to this problem lies in working with experts like O’Connell Crispin Ackal West Palm Beach to find a payment plan that works for the business and their renters. For instance, the renters must get proper compensation legally, but the company’s rights that rents from them must also be guarded with legal help from O’Connell Crispin Ackal West Palm Beach.

Contracts May Be in Trouble, States O’Connell Crispin Ackal West Palm Beach

Ashley Crispin Ackal Trust Trial Lawyer West Palm BeachThe confusion surrounding Covid-19 and business operations puts many contracts in jeopardy, Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach states. For example, some firms may struggle to promptly deliver products or services due to travel restrictions, O’Connell Crispin Ackal West Palm Beach argues.

When contracts don’t get fulfilled, it is critical to get legal help to prevent a lawsuit. Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach states you shouldn’t assume that partners are going to be understanding during these times – instead, make sure to take steps to protect yourself, such as renegotiating the contract with O’Connell Crispin Ackal West Palm Beach.

Liability Issues Could Skyrocket, States Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach

Another common issue O’Connell Crispin Ackal West Palm Beach has noted is an increase in liability problems with businesses. These claims are centered heavily on steps that companies took or did not take in the face of the pandemic.

Many are finding that lawsuits from customers who may have gotten COVID in their facility are much more common, Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach states. As a result, they suggest examining better sanitation steps and upgrading liability coverage with umbrella policies.

About Ashley Crispin Ackal Trust Trial Lawyer of West Palm Beach

O’Connell Crispin Ackal West Palm Beach is a Palm Beach law firm that was started in 2018 by Ashley Crispin and Brian O’Connell. They serve their local community and the greater state of Florida, providing expert commercial, trust, and estate law help. As lifelong residents, they work hard to protect their fellow Florida residents.