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Attorney's fee is a chiefly United States term for compensation for legal services performed by an attorney (lawyer or law firm) for a client, in or out of court.. Fees may be an hourly, flat-rate or contingent fee.
Under a flat tax system, taxpayers owe the same rate whether they earn $10 or $10 million. This appeals to the sense of fairness for those who believe higher earners shouldn’t be penalized for ...
As noted above, a certain amount of each estate is exempted from taxation by the law. Below is a table of the amount of exemption by year an estate would expect. Estates above these amounts would be subject to estate tax, but only for the amount above the exemption. For example, assume an estate of $3.5 million in 2006. There are two ...
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The fee may be paid as an hourly rate, a flat fee or as a percentage of assets under management (typically around one percent). Fee-only advisors typically act as fiduciaries for their clients ...
A flat fee, such as $3,500 per year, for an annual portfolio review or $5,000 for a financial plan. This is often referred to as "flat fee advisors" A commission on the securities bought or sold, such as $12 per trade; A commission (sometimes called a "load") based on the amount invested in a mutual fund or variable annuity
Certain estate expenses are tax deductible on IRS Form 1041. The executor must file this form for estates that earn over $600 in income or have a nonresident alien as a beneficiary.
For example, in the UK a client may enter into a fee agreement pursuant to which the client is liable for an hourly fee, plus a contingent success fee of no more than 100% of the hourly fee. Most lawyers who utilize this type of fee agreement charge a success fee in the range of 25-50%.
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