3 Times When You Need To Hire a Lawyer

If you're facing legal challenges, you're worried about financial difficulties. You're also unsure whether you're equipped to handle the settlement on your own. Here are a few of the signs that you need an attorney to help you.

1. You're Suing Your Opponent

People sue other individuals or companies for many reasons. Occasionally, they want to make a statement and know that the best way to do so is to take money from the other party. For example, people who have developed mesothelioma from working in a building with asbestos seek mesothelioma settlements through lawsuits. In other scenarios, people want to replace something that has been lost. For example, if an airline company misplaces or damages an expensive heirloom, the owner sues the company for that item's worth. Because this kind of lawsuit tends to be complicated and high stakes, you need professional legal assistance.

2. You're Filing for Bankruptcy

When you don't have enough money to keep up with your financial obligations and you don't have a high enough credit score to take out loans, you file for bankruptcy. This option is available for both individuals and business owners, and it involves using your assets to settle as many debts as possible. Then, your remaining debt is erased. While this financial strategy is no one's first choice, sometimes it's your only option. If that's the case, you can't complete the bankruptcy process without a lawyer.

3. You're Creating Your Will

Every adult needs to have a will, particularly after having a child. Your will dictates what you want to happen to your assets after you die. For example, you stipulate that your children receive a portion of your savings, or you donate everything to charity. Additionally, if you have dependents, your will explains who should take care of them after you pass. Because wills are legal documents, you must work with an attorney and a notary to make them official. Doing so prevents legal battles among your beneficiaries after you die and ensures that your wishes are followed. Don't forget to regularly reach out to your attorney to change your will as your financial situation changes.

You may be hesitant to hire a lawyer because you've heard they're expensive or because you don't want to get involved in a long legal battle. However, attorneys save you money and time in the long run, keeping you from being disadvantaged in your settlements.

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