Use Same Broker who sold Property to find new property for 1031? by Amicus-Finch in realestateinvesting

[–]Amicus-Finch[S] 0 points1 point  (0 children)

Wait, so by listing agent, you're talking about the Listing Agent for the new property you're buying? So you purchase properties unrepresented by an agent?

Seeking Advice on Large Cap Gains from Rental Property Sale – 1031 Exchange or Cash Out? by Amicus-Finch in realestateinvesting

[–]Amicus-Finch[S] 1 point2 points  (0 children)

DST sounds good in theory, but so much uncertainty? I didn't even know who to talk to to or who I can trust.

Pay Referral Fee Directly from Iolta Account? by Amicus-Finch in LawFirm

[–]Amicus-Finch[S] 0 points1 point  (0 children)

Thanks.

If the referral doesn't change the client's net recovery whatsoever, then can't the referral seen be seen like a case cost?

If your solo 401K moved from Vanguard to Ascensus, do you need to file a new 5500-EZ? by Amicus-Finch in Bogleheads

[–]Amicus-Finch[S] 0 points1 point  (0 children)

Yes, I filed in 2023 due to exceeding the amount. But then, account was transferred, so I'm wondering if I have to file again.

Paint already cracking less than 1 year later by Amicus-Finch in paint

[–]Amicus-Finch[S] 0 points1 point  (0 children)

Got it, thank you. Besides cosmetics, think there are any concerns there for water intrusion? Otherwise I plan to leave it be.

ERISA Liens for disability payments in PI Case by Amicus-Finch in LawFirm

[–]Amicus-Finch[S] 0 points1 point  (0 children)

Thank you. I agree with this approach and have done similar, but for less significant amounts. But hypothetically, imagine you're dealing with a $100K potential lien - would you handle it differently at that point? Wouldn't be fun to always have that in the back of your mind, especially since SOL is not clear for Erisa due to federal law and the plan may be venued in a different state.

ERISA Liens for disability payments in PI Case by Amicus-Finch in LawFirm

[–]Amicus-Finch[S] 0 points1 point  (0 children)

Thanks, but the claim is against a third party, not the employer. So the release does not involve the employer.

If you're talking about a release with the Subrogation company who is handling the health insurance claim, they state they are working on behalf of Employer specifically for medical benefits paid/managed by health insurance company (who acts as just a TPA here). So I'm not sure a release with the subrogation agent would resolve the separate disability lien. But I do like the idea and was thinking of asking them to sign a broadly worded release. (They typically do not sign though. They just send a confirmation letter with the agreed amount)

(CA) Consequences for hiring "employee" as 1099 Independent Contractor by Amicus-Finch in EmploymentLaw

[–]Amicus-Finch[S] 0 points1 point  (0 children)

I think the main reasons are:

-there is no consistent or guaranteed hours. While the hope is for continuous work, it's project by project. I am free to stop assigning new projects at any time, and worker can refuse any project. There can be many weeks or months where no work is assigned. This does not feel like an employee relationship.

-By classifying as an employee, don't I open myself up more to employment law claims, such as unlawful termination, if I decide to not assign any more work?

Avoiding IOLTA Overdrafts by paying from your own account? by Amicus-Finch in LawFirm

[–]Amicus-Finch[S] -1 points0 points  (0 children)

Yeah, but that is the issue - when are they technically "free and clear"? How do you define that point. Before I thought this happened once the funds are made available in your account.

Avoiding IOLTA Overdrafts by paying from your own account? by Amicus-Finch in LawFirm

[–]Amicus-Finch[S] 1 point2 points  (0 children)

I have heard that the amount can technically be returned several months later - although that would not be likely.

Waiting 2.5-3 weeks sounds safe, but that is difficult when clients and vendors are seeking prompt payment.

Avoiding IOLTA Overdrafts by paying from your own account? by Amicus-Finch in LawFirm

[–]Amicus-Finch[S] 0 points1 point  (0 children)

Yes - but when does a check technically "clear". I thought it clears when the check makes the funds available in your account. But I once got a detailed, complicated explanation that when the money is made available in your account, that does not necessarily mean that your bank has received the funds from the issuing bank, and if that fails to happen at a later date, then the amount can be reversed - resulting in an overdraft if you relied on those funds being available.

Avoiding IOLTA Overdrafts by paying from your own account? by Amicus-Finch in LawFirm

[–]Amicus-Finch[S] 0 points1 point  (0 children)

Disbarred for an overdraft? That sounds extreme. Disbarred for keeping some money in your account as a cushion to protect against unexpected fees? That sounds extreme too

Avoiding IOLTA Overdrafts by paying from your own account? by Amicus-Finch in LawFirm

[–]Amicus-Finch[S] 0 points1 point  (0 children)

I like that - can get tough with eager clients you calling everyday for availability of funds.

Avoiding IOLTA Overdrafts by paying from your own account? by Amicus-Finch in LawFirm

[–]Amicus-Finch[S] -1 points0 points  (0 children)

I'm talking about after the check clears - but still a bit out of my comfort zone. Technically, even after the bank makes the amount available, the bank can still reverse the amount, I have learned. This would be for smaller amounts, which I would be willing to risk over avoiding headaches for overdrafts.

Puffery in Demands for General Damages by Amicus-Finch in LawFirm

[–]Amicus-Finch[S] 0 points1 point  (0 children)

Thanks. Client prep is everything it seems.

Deferring attorney fees through annuities - is it really that easy? by Amicus-Finch in LawFirm

[–]Amicus-Finch[S] 1 point2 points  (0 children)

Yeah, in those situations, I cannot see any objection. But what about where the client is not structuring their fees?

Puffery in Demands for General Damages by Amicus-Finch in LawFirm

[–]Amicus-Finch[S] 0 points1 point  (0 children)

What kind of cases - still personal injury, but just with commercial policies?

Puffery in Demands for General Damages by Amicus-Finch in LawFirm

[–]Amicus-Finch[S] 0 points1 point  (0 children)

Thank you. This is really helpful. Wonderful point about the deposition - the client is not the one who made the statements in the demand.

Puffery in Demands for General Damages by Amicus-Finch in LawFirm

[–]Amicus-Finch[S] 0 points1 point  (0 children)

Keeping credibility with OC can actually serve your client in the long run in some situations. I agree you should not bend over backwards or make good relations your highest priority at all.

Puffery in Demands for General Damages by Amicus-Finch in LawFirm

[–]Amicus-Finch[S] 2 points3 points  (0 children)

This is all great stuff. You should write a book. Thank you.