Retainer fees are most often paid before a prospective client is considered to have legally retained the services of an attorney. In other words, a retainer fee acts as a sort of “down payment” to help secure a lawyer’s legal services for the prospective client’s case. In general, a...
A retainer for a lawyer is an advance payment made to secure the lawyer's services, often covering initial fees and ensuring the lawyer's availability for your legal needs. It generally acts as a deposit, with funds drawn down as the lawyer performs work. Before you hire an attorney for y...
Fees charged by banks can be transactional (related to a specific service requested) or not. In some cases, as when an account is overdrawn or a credit card payment is made late, a fee is charged as a penalty. In other cases, such as when a bank charges a monthly fee to checking a...
In a standardretainer feestructure, a client pays a lump sum ahead of time (say,$8,500). The attorney then bills against that amount as they work on the case. Once that retainer has been depleted (used entirely), the client is billed for any additional work at the attorney’s hourly ...
The attorney can be present at the closing to represent the buyer's (or the seller's) interests. Real estate law is a matter for state and local jurisdictions. Real Estate Attorneys: An Overview A real estate attorney is a lawyer who is licensed to practice real estate law. As such, th...
For wealthy individuals who are willing and able to pay a substantial retainer, a fee-only advisor could be the right choice. But, for many individuals with limited resources or whose assets are tied up inqualified plans, the out-of-pocket costs for a fee-only advisor could get prohibitive...