Consulting a Lawyer: When and When Not to Seek Legal Advice

Timestamped Summary

• 💼
  00:00

  Have your lawyer review your contract to protect your business and consult a bankruptcy attorney for proper advice.
• 📞
  01:39

  It's important to know when to call your lawyer, as they can provide specific services and expertise, but certain legal matters like divorce or bankruptcy can be handled on your own.
• 💼
  08:32

  Use electronic signatures to save time and money, have a conversation about contracts, provide context to ensure accuracy, give your attorney a budget and specific tasks, and be actively involved in the process.
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  12:43

  Consult a bankruptcy attorney for financial advice before deciding on bankruptcy, consult a business attorney for bankruptcy options for your business, contact a lawyer for help with business entity structure and legal issues, and call our office for a comprehensive analysis instead of using a document preparation service.
• 📞
  17:20

  It's important to contact your insurance agent first in the event of an accident on your rental property, consult a lawyer when buying or selling a business, and consult a lawyer early on if considering divorce to understand the process and rules specific to your state.
• 📞
  22:30

  Consult a divorce lawyer and establish a buy sell agreement for business partnerships; plan ahead for partnership dissolution and consult a business lawyer for employment issues; consult a tax lawyer for tax planning and financial review.
• 📞
  28:29

  Call a criminal lawyer if you or your child get arrested or in trouble with the law, but only call a business lawyer if they determine a criminal lawyer is needed; always say "lawyer" in a police interview to avoid self-incrimination; involve a real estate lawyer for property matters and a separate eviction lawyer for tenant issues.
• 📞
  37:15

  It's important to consult a business lawyer for help with setting up your business, coordinating your estate plan, integrating asset protection, looking at your tax plan, and getting a trademark, but consider a specialist patent lawyer for patents and the need for a trademark based on your business nature, and also consult with both a business lawyer and an SEC lawyer if you're raising money and want investors to ensure legal protection and avoid potential criminal charges, while being cautious of lawyers who may overcharge for unnecessary services in asset protection planning for increasing wealth, and consider consulting a business lawyer for a prenuptial agreement, as well as specialized lawyers for personal and business matters such as estate planning, immigration, and legal matters in other countries, and know when to call your lawyer and when to handle legal matters on your own, but make sure to do your research and ask the right questions to choose the right lawyer and avoid being taken advantage of.