People are often surprised at how much professionals charge. It is not unheard for a highly skilled and experienced tax lawyer to charge $1,500 an hour. You could of course find a tax lawyer for $400 per hour.
Would you get the same result? Maybe, but the final bill would not be so different.
There are four stage of knowing.
Because the less skilled lawyer will take a lot longer to get to the right answer. If they get there at all.
Life is easier if it is reasonably predictable. Higher skill improves predictability.
If you think do-it-yourself works all the time when you work at it, you will have a more complex life. Complexity is not predictable. It is a bit like playing the game of real life for the first time at the “HARD” setting. You are unlikely to win without a lot of time and lot of frustration.
You can buy your way out of that situation. You should not believe it is cheaper to do it yourself. The price is only part of the cost question. The price will be the same or more if you keep track of your own effort and you won’t have any idea at all if you are right. Similar price but unknown cost.
My late friend Moe’s advice, “I can’t afford anything that cheap.”
Be very careful with how you deal with problems that matter. It is okay to be a do-it-yourself cake maker, not so smart to be a do-it-yourself tax lawyer setting up your international corporate network.
Help me please. If you have found this useful, please subscribe and forward it to others.
I build strategy and fact-based estate and income plans. The plans identify alternate ways and alternate timing to achieve both spending and estate distribution goals. In the past I have been a planner with a large insurance, employee benefits, and investment agency, a partner in a large international public accounting firm, CEO of a software start-up, a partner in an energy management system importer, and briefly in the restaurant business. I have appeared on more than 100 television shows on financial planning, have presented to organizations as varied as the Canadian Bar Association, The Ontario Institute of Chartered Accountants, The Ontario Ministry of Agriculture and Food, Banks – from CIBC to the Business Development Bank.
Be in touch at 705-927-4770 or by email to email@example.com