C____, the high-powered attorney, requires us to sign a (four page!) “Letter of Engagement.”

I have been told about these things in the past. They’re a bit more than a formality. In fact, I’d say they are a lot more than a formality. They’re a contract.

Strange: I can’t ever remember signing one before, though I’m sure I must have. I’ve done quite a bit of business with attorneys over the years, and one or two of them must have had such letters. . . . But I’ve never seen anything quite like this one!

I mean, four pages! . . .

Ultimately, I think it’s all well and good. It is very detailed. It lays out pretty much every possible issue and contingency that might arise and explains what Sarita and I may expect as a result (of any particular issue or contingency: “If you do this, we will do that.”).

It’s good.

But it also “puts me on notice”: “We’re not in Kansas anymore.” Yipes! We are dealing with a big firm! At $310 an hour. And they want a $1,000 cash payment in advance.

Anyway.

I’ve requested our comptroller to issue a check to go along with the signed letter of engagement. . . .

I feel a bit like I’m in a roller-coaster when it first gets clamped onto the pulley at the start of the ride. I’d better be ready to hang on!

But we should get some good counsel about going 501(c)(3). . . .

Welcome, visitor!

If you find my posts interesting, I invite you to sign up, at the top of the column to the right, to receive emails whenever I publish a new article.

Be assured I hate spam as much as anyone, I will hold your information in strictest confidence, and, of course, I always include a means for unsubscribing whenever you want.

Thanks for visiting!

Sincerely,

John Holzmann

Related posts

• High-end counsel (0)
• Who are the progeny for whom you must provide? (0)
• What defines success when it comes to inheritance and estate planning? (0)
• Two Valuable Legacy Planning Books–Even if you have limited financial resources (0)
• Time for a new legacy planner . . . (0)
• The legacy planning diagnostic work begins! (0)
• Sorting things out . . . (0)

(No Ratings Yet)

 Loading ...

 |  Email This Post  |  Print This Post  |  Subscribe to It!
This entry was posted on Monday, April 14th, 2008 at 10:52 am and is filed under corporate forms, estate planning, legacy planning, structures. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.