Human beings are social animals. It means that they are accustomed to live within a defined society. By the term of defined society, it is meant that order prevails in the society and the individual members can protect whatever they consider as precious. To maintain a well-functioning and defined society a certain set of rules and regulations must be followed.
How the legal system came into being
The system that enforces these rules in society is defined as law. The existence of the legal systems has been a part of human civilization since the Egyptian era dating around 3000BC. The earliest legal systems were usually based on philosophical values like morality, truth, justice, harmony, order, etc. Besides, some superstitious beliefs also crept into the ancient laws.
However, over time complexities in terms of socio-economic scenarios started imbibing themselves into the legal system for the overall betterment of society in general. As more and more time passed, international relations also projected themselves into the legal systems of the nations. In the present world, the legal system is a complex structure with a lot of interdepend-ability.
Assets and Law
From a common person’s point of view, anything that is of utmost importance or immense social or personal value to an individual is termed as an asset. If we delve, deep into the world of finance and economics, the extended definitions of assets are quite complex and are not easy to decipher. Since assets, in general, are precious; therefore, the governments also get involved in their protection via the legal systems.
A whole lot of different things fall under the category of assets like property, jewelry, companies, bank balances, any special skillset of one or more individuals, and many more. The laws for each category differ from the other. Overall, the target of such laws is the protection and following of correct practices while dealing with their assets.
Litigations and Misuse of Assets
While we have defined above the meaning of assets and the introduction of legal systems for their protection, it is imperative to understand the underlying need of protecting the assets. We live in a world, which is thrived by good and infested by bad. The assets that we love dearly have high chances of being snatched by others with ill intentions. Besides, there are conflicts of interest in shared assets that need legal intervention as well.
The other aspect is the misuse of ones’ assets, for example, investing in some fraudulent activities, where the money might be lost completely. Another side is uncontrolled spending, which often increases the liabilities, thus leading to bankruptcy, foreclosure, etc. Such mishaps happen mostly because the individuals going through them are not well aware of the laws and bylaws related to these things and end up in deep misery.
Lawyers and Attorneys: The dark-caped knights
In continuance of the above discussion, it is easily understood that people are often trapped in these legal knots because they fail to understand the legal complexities and rules. Therefore, lawyers and attorneys come to the rescue and help us to get over the legal issues that we face in such situations.
While there are many categories that the lawyers are divided as per their field of action, there are two major types that are commonly known, which are:
- Criminal Lawyer: They primarily deal with criminal cases.
- Civil Lawyer: They deal with other civilian aspects like property.
Apart from these two major types, various other sub-types of attorneys and lawyers are also observed like corporate lawyers, environmental lawyers, tax lawyers, bankruptcy attorneys, divorce lawyers, etc. to name some.
How legal aid can ease out various problems
If an individual is stuck in some unpleasant situation concerning bankruptcy or any kind of property litigations, then such cases are often solved at courthouses where a judge rules out the decision to settle the disputes caused. Commoners cannot handle the discussions with legal jargon to fight such cases. Therefore, legal aids in the form of lawyers and attorneys come to the rescue and make such proceedings easy to deal with.
Apart from the hassle-free experience, another important factor that comes into play when we take the help of legal aids is saving time. Time must be not only important for the disputing parties but also for the courthouses and judges who rule out multiple cases settling various kinds of litigations every single day. Such legal aids are quite easy to find over the internet like Trust and Estate Litigation.
Debt and Lawyers
Bankruptcy and debt might seem scary on the surface but it also has a silver lining. It should be kept in mind that despite being bankrupt the law protects the individual’s right to basic needs of shelter where they cannot be forced to sell off their living spaces if they own one. Such exemptions exist in almost all countries, which help in protecting one’s assets on the eve of foreclosure and bankruptcy.
There are various options like debt settlement and consolidation, refinancing, loan modification, short sales, etc. which can easily pull an individual from the depths of bankruptcy. Various lawyers specialize in the field of debt management planning and credit counseling, where they provide support and help to fight off debts and bankruptcy.
While lawyers and legal aids are always at the service of clients thereby protecting them against any legal hassles, there are some duties, which must be abided by the client as well. One of the primary duties that the client must observe is transparency with your lawyer.
One’s advocate or lawyer must be aware of the nitty-gritty details of all the aspects regarding the case; else, it would become quite difficult to manage some unforeseen circumstances. The other aspect is the payment factor. Clients must be respectful of the fees the lawyers charge because they have spent a lot of time and effort to be at the stage where they can help these individuals effortlessly.