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Author: kahunacfa Big funky green star, 20000 posts Top Favorite Fools 10+ Year Anniversary! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 71039  
Subject: Re: Approaching 100k miles Date: 10/24/2012 4:21 AM
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What do you spend at a closing?

Maybe you have a sufficiently significant relationship with an attorney that he doesn't bill you for his time, but those of us who don't have counsel on staff might spend three-four hundred dollars on the process you describe.
- eudaimon6 | Date: 10/23/2012 11:36:40 AM | Number: 69555

One of my attorneys is my daughter. I helped start her Law Firm, January 2006. The firm was admitted to practice Law before the Supreme Court of the United States <> in the Fall of 2006. The closing generally takes less than fifteen minutes. The Firm's hourly billing rate is $1K per hour, so if she actually charges me, the Legal Fee is $250; generally the closing is done pro bono since I from time-to-time perform volunteer Legal Research for the firm. That is called a barter arrangement. I also manage the Firm's Employee Retirement Plan without a fee.

Kahuna, CFA
Investment Professional
1974 - Present
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