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LSDefine
Simple English definitions for legal terms
independent advice
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A quick definition of independent advice:
Independent advice is when someone gives advice that is fair and not meant to benefit themselves. This is important when someone is making a decision about their property or money, because it helps to make sure that they are not being influenced by someone who wants to take advantage of them. Independent contractors are people who are hired to do a specific job, but they are free to do it their own way and are not considered employees. They are responsible for any mistakes they make while doing the job, not the person who hired them.
A more thorough explanation:
Definition: Independent advice is counsel that is impartial and not given to further the interests of the person giving it. It is important in legal matters to ensure that advice given is unbiased and not influenced by personal gain.
For example, if a person is making a will, it is important that they receive independent advice to ensure that they are not unduly influenced by someone who may benefit from the will. This can help prevent legal challenges to the will in the future.
Another example is in financial planning. A financial advisor should provide independent advice that is not influenced by commissions or incentives to sell certain products. This ensures that the advice given is in the best interest of the client.