December 2010

Collection Matters-- start the collection process as soon as you can

In this day and age, businesses and customers are more likely to fail to pay you for money owed.

Clients need to have internal policies to monitor their accounts receivables regularly. When accounts are late, special letters need to go out after 45 days. More pressing letters need to go out at 60 days and 90 days.

You need to have trigger points to call an attorney and start a collection lawsuit. Do not sit on old accounts. As a general rule, the older the case, the harder to collect.

Wills & Trusts for Homosexual Couples

Occasionally I have had the following legal question posed to me by a homosexual couple wanting to make their partner a beneficiary of their estate: Can I leave my partner part of all of my estate?

The short answer is "Yes".

If you want to include your partner in your estate planning, please call my law office to obtain a copy of our estate planning questionaire. We can draft wills, power or attorneys, living wills, and healthcare POAs for you at a reasonable price.

Medical Malpractice case settled by our Lawyer

This month Sanders Law Firm PLLC settled two medical malpractice cases. Due to the settlement agreements, the terms are confidential.

If you know someone injured, please contact Kirk Sanders at 336-724-4707

Our NC attorneys will review your medical malpractice case.

Commercial Loans & 5 year calls perspective from an Attorney

A number of clients refinance their business loans on real property. Most loans have a call date or balloon date on the fifth anniversary.

The problem: the new loans restart the amortization payments of the loan. Years 5-10 of a 15 year loan amortization are when the loan principal gets paid down dramatically by you. You should consider working towards getting that principal reduced.

Goal: pay down the principal amount owed on the loan.