Discretionary Trust Lawyer | Serving Phoenix, AZ
Effective Representation Customized To Address Your Unique Needs
The Law Office of Frank L. Ross provides the legal advice you need in a wide range of areas, including family law, divorce, probate, guardianships, and adoptions. Attorney Frank L. Ross is the founder and principal attorney. Frank is an experienced, legal professional with more than 40 years of experience in solving problems for his clients. Mr. Ross takes a personal …
Beneficiaries of a discretionary trust receive what the trustees decide rather than a set amount used in standard trusts. The benefit of a discretionary trust is that it takes into account the disparity of the beneficiaries' income and allows the gifts to be taxed at a reduced rate.
Discretionary trusts are sophisticated financial arrangements regulated by specific trust law. Whether you are considering establishing a discretionary trust or are a beneficiary of such a trust, consulting with a Phoenix discretionary trust lawyer is imperative. He or she can advise you about your legal options.
In legal practice, experience matters. An experienced attorney will likely have handled issues similar to yours many, many times. Therefore, after listening to your situation, the attorney should have a reasonable idea of the time line for a case like yours and the likely resolution.
An experienced lawyer should be able to communicate a basic "road map" on how to proceed. The lawyer should be able to walk you through the anticipated process, key considerations, and potential pitfalls to avoid. Once you've laid out the facts of your situation to the lawyer, he/she should be able to frame expectations and likely scenarios to help you understand your legal issue.
Bill by the hour: Many attorneys bill by the hour. How much an attorney bills you per hour will vary based on a number of factors. For instance, an attorney's hourly fee may fluctuate based on whether that hour is spent representing you in court or doing research on your case. Attorneys in one practice area may bill you more than attorneys in a different practice area.
Contingent fee: Some lawyers will accept payment via contingent fee. In this arrangement, the lawyer receives a percentage of the total monetary recovery if you win your lawsuit. In sum, the lawyer only gets paid if you win. Contingent fee agreements are limited to specific practice areas in civil law.
Flat fee: For "routine" legal work where the attorney generally knows the amount of time and resources necessary to complete the task, he/she may be willing to bill you a flat fee for services performed.
Plaintiff - a person or party who brings a lawsuit against another person(s) or party/parties in a court of law. Private persons or parties can only file suit in civil court.
Judgment - A decision of the court. Also known as a decree or order. Judgments handed down by the court are usually binding on the parties before the court.
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