Most attorneys will bill you separately for bills, and will require you to cover the cost of bills, even in contingent charge preparations. Let’s say your grandmother dies, names you as executor of her property, and leaves behind an property worth $3 million. The law firm you hire that will help you handle the property through probate might charge you – or, rather, the property – a proportion of the property’s value as its charge. The % charged is often broken into levels, or charged on a sliding scale. So, for example, the firm may cost four% of the primary $one hundred,000 ($4,000), 2% of the next $900,000 ($18,000), and 1% of the remaining $2 million ($20,000), for a total of $42,000.
If the lawyer fails to realize the agreed upon success, you still have to pay the billed hours on the lower rate, but you only pay the bonus … Read More