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3 big life decisions you should get legal advice about

by | Dec 4, 2017 | Blog

There are many decisions in life that do not require the advice or counsel of a legal expert. However, when faced with some major decisions in particular, a legal consultation can provide valuable information that may make your situation easier to navigate. 

Here are three areas where you would do well to seek the advice and counsel of a qualified attorney before proceeding. Often, if you seek a legal consultation, you will have better information about your options, and this can help you make the decision that is best for you. Especially in situations where emotions run high, an attorney can help provide not only the necessary legal information you need but also help you see things from a more logical and rational perspective.

1. Divorce

Divorce, by its very nature, is an emotional decision, but it often involves high stakes when it comes to the logistics of everyday life after divorce. Property and child custody have an enormous impact on your well-being, and as such, you should not try to navigate these decisions without professional legal counsel to guide you.

2. Making a big purchase or investment

You may be ready to make a significant investment or major purchase, such as a home or a yacht, and think that you do not need any assistance from a legal professional. However, Forbes suggests that one of the 10 things an investor must do before investing is to talk with your lawyer. They cite the fact that legal documentation is complicated. A professional eye can help you to avoid potential pitfalls as well as point out any potential red flags or risks you may not be aware of.

3. Filing for bankruptcy

If you are in significant debt, you may be considering bankruptcy as a way to gain a fresh start financially. Although it can seem tempting to go through the procedure on your own, there are different types of bankruptcy, such as Chapter 7 and Chapter 13, and you may not know all the differences that are pertinent to your particular situation.

An attorney can be a valuable partner to help you navigate some of life’s thornier challenges. If you are facing a major life decision or turning point, you may wish to consider engaging the assistance of a lawyer to help you better understand your options so you can move forward in the way that is best for you.