Life in our global, connected world is complicated and adding to this complication is the law. It doesn’t matter if you are starting a business, buying a house, or getting divorced, the reality is that understanding the legal concepts behind these transactions can be difficult. For that reason, you might some help. But how to know when you need legal help? Well, this article will give you some pointers.
Situation 1: You Can’t Make Heads or Tails of the Process
Understanding the law is more than just making sense of the words on the page. It requires the ability to comprehend the concepts and then apply them to the real world. While you might not think of it, the law touches almost every aspect of our life’s. Think about it, every time you get in your car, your drive is governed by the rules of the road – these are the laws which determine what a driver can and can’t do in a particular state.
While most people have a basic understanding of the rules of the road, there are times when they need some help. This usually because they can’t make heads or tails of the process. One example would be when you are looking for a personal injury and wrongful death case and you are in the Los Angeles area. In this instance, you’ll probably want to get the help of a Woodland Hills personal injury attorney as the will specialize in this sort of law.
These sorts of cases can be complicated as you not only need to prove liability – and this usually requires expert opinion and analysis – you also need to give the court a reason to justify the damages you are seeking. As such, don’t get in over your head, get a lawyer.
Situation 2: You’re Facing Jail Time
If you are facing time behind bars, then you don’t want to take the law into your own hands. Instead, get yourself someone who understands criminal law and will be a strong advocate for your case. Your freedom is not worth the risk, get a lawyer to help you work out the best possible outcome depending on the circumstances of your case.
Situation 3: Your Money is at Stake
Lawyers don’t come cheap. The top lawyers in the country can bill as much as $1,000 per hour and more. However, trying to save a few pennies by not taking on a lawyer could be what is known as ‘penny wise and pound foolish’.
What’s the lesson? If you are in a situation where you could lose a lot of money if a judgment goes against you, then you’ll need to have a lawyer. Granted, most people can’t afford the top partner from a white-shoe law firm but a good piece of advice is to get a lawyer who specializes in the law pertaining to the specifics of your case. If the situation is related to real estate, then have a real estate lawyer. If the situation is related to back due taxes, then get yourself a tax attorney.
Situation 4: D-I-V-O-R-C-E
Unfortunately, the days of people being married for 50 years or longer have come to an end. The days, some people will go through three or four marriages in a 50-year span – especially Baby Boomers who have tended to get divorced more frequently than other generations.
If you do find yourself in a divorce, even one that is likely to end amicably, then you want to get a lawyer. At a minimum, the lawyer will help to walk you through the process and make sure you have no financial liabilities that come back to haunt you after your divorce is final.
On the flipside, you want to keep in mind, that most divorces are about money and this usually means tough negotiations. This is where a lawyer can really come in handy as they can serve as an impartial third-party who is trying to get the best possible deal they can for you.
Situation 5: Estate Planning
While last year’s tax reform package raised the taxable limit on estates, it doesn’t mean that you should have a lawyer help to set up your will and associated trusts. There are some solid reasons for this. For starter’s tax authorities tend to keep a keen watch on gifts and other tools which are commonly used to lessen inheritance taxes.
For example, did you know that most estate-related gifts granted less than five years before the principle’s death can be taxed? As such, you want to sit down with a lawyer to review the specifics of the asset transfers of your estate and then map out the best ways to make this happen.