www.attorneymoriarty.com

Monday, April 29, 2013

5 TIPS ON HOW TO MAKE THE MOST OUT OF AN ATTORNEY CONSULTATION


Lawyers, like doctors, often have to dish out bad news.  Bad news may be delivered during any stage of a legal matter however, it often seems to be given out and digested poorly upon an initial consultation with a lawyer.  Let’s face it, most consultations with a lawyer are precipitated with a very personal or traumatic event (arrest, bankruptcy, eviction, personal injury, etc…).  Every lawyer has a particular and unique style.  Some are straight shooters, while others tend to be vague in their analysis.  In order to get the most out of your legal consultation, you must prepare yourself for all possible outcomes.  Here are my 5 simple tips to making the most out of your initial meeting:
 
1.      MAKE NOTES PRIOR TO YOUR MEETING: Memories fade over time.  There is little worse than remembering a particular fact or event after a consultation is over and you’re driving in the car on your way home.  One simple fact or circumstance may change the outcome of your case.  Reduce your story to some handwritten notes.  Make notes of particular facts, circumstances and questions that you wish to discuss with your prospective attorney. Arrive prepared with the important documentation and other resources. (Note: don’t surrender your notes to the attorney you have not hired; don’t make copies; and, clearly mark on the notes that they are ‘privileged notes specifically drafted for the purpose of consulting with your lawyer’ – in some cases, notes may become subject to discovery in future litigation).

2.      EXPERIENCE: Don’t be afraid to ask an attorney what kind of experience he/she has in your kind of matter.  Judge an attorney based on his depth of knowledge and not by physical appearance alone – some of the fiercest and most successful attorneys I know have food on their ties and poor taste in fashion.

3.      TRUTH:  You can make a cake without flour, but it’s certainly not going to taste right.  In my experience, sometimes individuals lie to their attorney, omit facts or sugarcoat their story.  The reasons may vary from protecting the identity of another to outright fabrication for personal or unlawful gain.  Although there is no excuse for the later, this doesn’t help anyone.  Fibbing or sugarcoating may make you feel better, but it’s not going to allow your attorney to frame a proper legal picture of your argument(s).  Attorneys often have a fair sense of reality and can sniff out the truth.  Don’t waste your time in a consultation unless you are willing to answer the tough questions.

4.      PUT ON YOUR THICK-SKIN:  Most attorneys are empathetic and sincere to a point, but at some point, we need to take the emotion out of the situation to provide a realistic analysis.  Often, individuals are put off and formulate an opinion that the attorney was ‘insincere’ or ‘combative’.  Attorneys like to cross-examine people.  We are doubters by nature because we need to see both sides of the story. We ask a lot of questions which simply require a ‘yes’ or ‘no’ answer.  We don’t necessarily require an independent explanation for every question.  It helps to understand that in a consultation, attorneys are not only listening to your facts, but also applying the law to your facts; assessing your credibility; assessing your potential for success in litigation; gathering possible sources of evidence; assessing what needs to be done to investigate your matter; and, trying to assess the costs of your matter. 

5.      BE COURTEOUS.  My mother always told me ‘you attract more flies with sugar than you do with vinegar.’ Arrive on-time, dress appropriately and simply be nice.  Sometimes it’s difficult given the particular circumstances however, a smile goes a long way.  Personally, I am more willing to give my time and go the extra mile when I sense that someone is serious about their matter and appreciates my time and input.  Always ask in advance if there is an initial consultation fee.  Most attorney’s don’t charge a consultation fee but again, it’s nice to be asked as it is a reflection of courtesy.  Always confirm that your communications are privileged with the attorney.  Always ask the attorney’s hourly rate and whether your matter may be ‘flat rated’.  Lastly, always obtain a fee agreement in writing with any attorney you retain, it’s the law.

Jonathan J. Moriarty, Esq.
Law Office of Jonathan J. Moriarty
53 South Main Street, Ste. 3
Randolph, MA 02368
Telephone: (781) 961-2200
Facsimile: (781) 961-0017
 

Tuesday, March 12, 2013

THE AMERICAN DREAM: SOME FAQ'S OF HOME OWNERSHIP


Why should I buy instead of rent?
A home is an investment. When you rent, you write your monthly check and that money is gone forever. When you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes and usually from your state taxes. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years, building equity for you.

How do I know if I am ready to buy a home?
You can find out by asking yourself a few questions:

􀁦 Do I have a steady source of income? Have I been employed on a regular basis for the last 2-3 years? Is my current income reliable?

􀁦 Do I have a good record of paying my bills? Do I have few outstanding long-term debts, like car payments?

􀁦 Do I have money saved for a down payment? Do I have the ability to pay a mortgage every month, plus additional costs?

 If you can answer “yes” to these questions, you are probably ready to buy your own home.

What is title insurance and why do I need it?
A Title policy protects the policy holder from disputes over ownership and places the financial strength of a title insurance company behind the policy. An Owner’s Policy of title insurance protects the buyer against loss for title threats undiscovered at the time of closing and provides a defense in the event of claims against the title pursuant to the terms of the policy. Some examples include: missing probates; defective foreclosures; missing deeds; defective discharges and assignments; and, prior-owner liens.

How much money will I have to come up with to buy a home?
In general, you need to come up with enough money to cover three expenses: the earnest money (variable), the down payment (depending on the property between 3% and 20%), and the closing costs (usually between 3% and 7%).

In addition to the mortgage payment, what other costs do I need to consider?
Monthly utilities, property taxes, homeowners insurance, and maintenance costs are a few of the expenses to be considered. Additionally, there may be homeowner association or condo association dues.

How are pre-qualifying and pre-approval different?
Pre-qualification is an informal way to see how much you may be able to borrow. A pre-approval is the lender’s commitment to lend to you.
 
Should I use a Real Estate agent? How do I find a good one?
A good real estate professional can guide you through the entire process and make the experience much easier. All of the details involved in home buying, particularly the financial ones, can be mind-boggling. Start by asking your family and friends if they can recommend an agent. Look for an agent who listens well and understands your needs. The ideal agent knows the local area well and has resources and contacts to help you in your search.
 

Home-buying... the more knowledgeable you are about the process, the better prepared you are to make an informed decision. Once you think have found the home of your dreams, contact the Law Offices of Jonathan J. Moriarty provide the legal protection you need and the service you deserve.

Jonathan J. Moriarty, Esq.
Law Office of Jonathan J. Moriarty
53 South Main Street, Ste. 3
Randolph, MA 02368
Telephone: (781) 961-2200
Facsimile: (781) 961-0017
Email: jjmoriarty@verizon.net
Website:  www.attorneymoriarty.com
 
 
 

Friday, February 15, 2013

FAMILY LOANS


     My father once told me, "never lend money to family unless you never intend to be repaid." These wise words will always ring somewhat true. Family often presents an attractive vehicle to borrow money on very attractive terms. However, when the proverbial 'crap hits the fan' is when we all find out the density of blood. Over the years, I had the opportunity to counsel, represent, and litigate the many issues of money. Tens and hundreds of thousands of dollars is by no means considered 'nominal' consideration. Some of these loans have been for cars, businesses, houses, weddings, debts, and crimes. The issues presented are more than dollars and sense...they are emotional, passionate and contentious. But, what happens when the business fails; the debt re-accumulates; or, the marriage falls apart into a divorce? The loan is still the loan, right? Sometimes, the new circumstances create changed ‘feelings’ about the obligations of the debtor. Sometimes, lawyers get involved. And, sometimes, legal challenges may favor the debtor, which allow him/her to avoid their debt. Or even worse, the debt turns the relationship into something tougher than a two dollar steak.

     On the other hand, family loans between consenting parties may help build trust, improve relationships and create positive change. As with all contracts, all parties must fully understand the nature, consequences and details of the agreement. Expectations and intent must be clearly expressed and acknowledged.  Most importantly, the contract must be in writing and signed.  I strongly advise that the parties seek out the assistance of a lawyer and not simply download a form on the internet.  A lawyer offers a witness to the transaction; contractual language which complies with state laws; and, offers a formality to the transaction that stresses the importance of the loan for the parties. 

For some additional tips and information go to: http://www.moneycrashers.com/lending-money-family-friends/

Jonathan J. Moriarty, Esq.
Law Office of Jonathan J. Moriarty
53 South Main Street, Ste. 3
Randolph, MA 02368
Telephone: (781) 961-2200
Facsimile: (781) 961-0017