Free binding financial agreement template – Can the free legal documents provided on the Internet be a replacement for consulting with an attorney?
In some cases, most definitely.
To provide a simple illustration: The law in your state may require a written contract for the sale of goods over a certain value. Or for that matter, you may choose to grant your parent a power of attorney to sell something on your behalf whilst away on vacation. It does not require specialized legal knowledge to compile a bill of sale for a motorcycle, automobile or other goods or to draw a limited power of attorney.
Similarly, a young person without plenty of assets may want to draft a last will and testament or a living will. For many young people a standard legal template can be used to create their files and the forms can be downloaded free from the Internet, without incurring legal expenses. Of course, it’ll be a different case for a billionaire with several assets and a complex will where consultation with a legal or financial expert is invaluable.
Many parents recognize the need for a medical consent form for a babysitter in case of a medical emergency. Or they might require a more comprehensive temporary guardianship form if their child will be staying with a family member or trusted friend. These sample forms are freely available online.
Free legal documents are particularly valuable when they are also accompanied by legal guidelines on how best to complete them.
Even though the law recognizes oral agreements, it always makes sense to get it in writing to avoid arguments over what exactly was agreed upon. Applying sample legal documents to compile your own contracts is not any different to lawyers using their existing templates for standard agreements.
Of course there are several instances where you must consult with a lawyer. Again, you can use the free legal files and free legal information available on the world wide web to do your preparation ahead and so lower the consulting time – and hours billed. Please check out our free binding financial agreement template on the attachment page.
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