We have my 401K and investment property with a little equity, but due to the economy we have very little cash.
Will the fees for attorneys come from the sale of assets and the 401K, or will I be responsible to come up with more money outside our assets?
The manner in which you pay your attorney will be determined by each individual attorney. In other words, some attorneys may delay payment in hopes of getting an award of fees from the other side. However, most attorneys will require some sort of retainer up front.
Clarissa Finnell is an Associate Attorney in the Indianapolis office of Cordell & Cordell, P.C. She is a member of the Indianapolis Bar Association and has been licensed in Indiana since 1997. Read more about Clarissa Finnell.