TerraBites

A short newsletter of bite-size ideas to chew on for Terrafirma owner-member land trusts, released January, February, May, June, September, October and November.

 

Posts tagged fees

Vet Your Expert to Avoid Huge Bills

Experts can be crucial to the result of a case – but they come with their own risks, like last-minute astronomical fees. They could even refuse to testify if they do not receive payment first. Here are some tips to avoid huge unexpected bills:

 

  • Get attorney references before hiring an expert.
     
  • Have a clear contract that holds them accountable for documenting time and resources spent, and for billing regularly.
     
  • Stay in contact and request frequent updates. You want to be able to identify problems with spending or efficiency as early as possible.

 

Based on this article from the American Bar Association.

P.S. Check out our LinkedIn for more tips and stories!

 

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