Bonus Episode 1: Are attorneys financially accessible?

The most expensive way to hire an attorney?  Getting one AFTER you run into legal trouble.

The most economical, financially responsible way to hire an attorney? Hire one on the front-end as a way to mitigate the risk of any future lawsuits.

If you are working for yourself or thinking about starting a business, having an attorney by your side is one of the most important investments you will make. Most people wait to hire an attorney when things go wrong; that’s when it’ll cost you the most. Hours and hours can be racked up in just trying to fix a problem.

It’s naive to think that you won’t get into any legal trouble, that it’ll never happen to you. That’s like saying you’re not going to buy any car insurance because you’re such a great driver and will never get into an accident. But what about the other party? What if you made someone angry or spiteful, and then they try to sue you? Did you have the write contracts in place to prevent this from happening?

In this bonus episode, we unpack practical tips and financial shortcuts to find the right attorney for your business and personal needs. Join me and special guest Kim Bennett, Owner and Attorney at K Bennett Law, as we dispel the myths and stereotypes of working with attorneys. They’re more affordable than you think!

TIP #1: Be proactive instead of reactive.

TIP #2: Before you sign an engagement agreement, be sure you understand the fine details of when and how you will be invoiced.

TIP #3: Be friends with an attorney and build a strong level of trust.

TIP #4: Don’t just download legal templates. The laws in it may not be applicable in your state or contain the actual language that protects what you’re trying to protect. Worst yet, it may be outdated.

TIP #5: A good attorney will explain to you in detail the terms and conditions of your relationship with him/her.

TIP #6: If you’re spending your money on someone, make sure you like them and trust them. 32 min 20 secs.

TIP #7: Know your budget when seeking legal help, communicate that during initial meetings, and don’t be afraid to ask questions about fees. Don’t be surprised by any invoices

TIP #8: Hiring an attorney is an investment in your growth.

TIP #9: Review your legal documents yearly to make sure it’s up-to-date with your current situation.

TIP #10: Be VERY cautious of the “jack-of-all-trades” attorney. No one attorney knows every aspect of law and can practice all the areas well.

 

GUESTS:  Kim Bennett

 

HOSTED BY: Helen Ngo

hello@MadeModernMoney.com

 

CREDITS:

Music by Muciscal_Chef

Track title: “Motivational Happy”


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