Who Are the Parties in a Limited Partnership?

17 – Billing Policies

BILLING POLICIES

 

Haimo Law generally bills on a fixed costs basis.  However, some forms of representation are more appropriate to be billed hourly or some combination of both hourly and fixed costs.  As you will see below, probate lends itself to a deferred compensation structure.  

Contact us for a copy of our current fee schedule.

 

Fixed Fees:

  • Estate Planning
  • Business Planning
  • Asset Protection Planning
  • *Probate (Estate Administration)

Fixed fees include the initial consultation, a subsequent meeting via video conference, preparation of the documents, execution ceremony for the documents, attorney time, travel, expenses and other fees.

*Probate can sometimes be billed as a fixed fee under certain circumstances.

Hourly Fees:

  • Ongoing estate or business representation with a reasonable retainer. Retainer is typically kept in trust and applied towards the final bill and the you are billed monthly for services rendered.
  • *Probate (Estate Administration) – hourly fee for ordinary services; increased fee for extraordinary services, such as contests, creditors claims, and real estate matters.
  • Small claims litigation.

*Probate administration can be billed hourly with a retainer.  Alternatively, the firm may agree to deferred compensation by agreeing to receive a small percentage of the estate, often 3%.  In some cases, the firm will agree to some combination of hourly and small percentage of the estate.  This arrangement often depends on the client’s needs, goals and circumstances. However, please note, that filing fees and costs will not be advanced by the firm.

 

Author:
Barry E. Haimo, Esq.
Haimo Law
Strategic Planning With Purpose
Email: barry@haimolaw.com
LinkedIn: http://www.linkedin.com/in/bhaimo
Google+: https://plus.google.com/u/0/+BarryEHaimoLaw/posts
YouTube: http://www.youtube.com/user/haimolawtv

YOU ARE NOT OUR CLIENT UNLESS WE EXECUTE A WRITTEN AGREEMENT TO THAT EFFECT. MOREOVER, THE INFORMATION CONTAINED HEREIN IS INTENDED FOR INFORMATIONAL PURPOSES ONLY. EACH SITUATION IS HIGHLY FACT SPECIFIC AND EXCEPTIONS OFTEN EXIST TO GENERAL RULES. DO NOT RELY ON THIS INFORMATION, AS A CONSULTATION TO UNDERSTAND THE FACTS AND THE CLIENT’S NEEDS AND GOALS IS NECESSARY. ULTIMATELY WE MUST BE RETAINED TO PROVIDE LEGAL ADVICE AND REPRESENTATION. THIS INFORMATION IS PROVIDED AS A COURTESY AND, ACCORDINGLY, DOES NOT CONSTITUTE LEGAL ADVICE.

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