MORE TRAGEDY
It was just over a year later when Betty decided that she had had enough of the retail world and wanted to start her own law practice. Her dad hated to see her leave but he realized that she needed the independence. She wasn't going to leave town, just rent some office space and hang out her shingle.
She found an office and rented some furniture, a computer, phone equipment and other office products. The sign on the door said legal counsel and that's what she did.
The family had an investment advisor and Betty went to visit him one day.
"Hi Tom." She said as she approached his desk.
"Welcome to Financial Associates." He replied. "I haven't seen you in some time. How have you been?"
"Some good and some bad. I know you know about my husband and I know dad keeps all his money with you. I have a proposition for you."
"Fire away." He said.
"I have several million dollars from my husbands accident and I expect to receive a check soon. The insurance company wants to pay me over time and I need some advice."
"Do you need the income?"
"No, I have money dad put aside for me years ago and I take a stipend from it to pay the bills. I recently opened my law office and I hope it begins to generate some income. So I think the answer is no."
"So, what can I do for you."
"Tell me how to take the money, over time as income or all at once."
"What interest rate are they offering you to pay it out over time?"
"Three and a half percent." She replied.
"That's robbery. If I invested it for you we could easily do eight or nine percent with very little risk. Your young and I think you should invest some of it more aggressively earning up to twenty percent in the good times."
"I think that settles that. Dad speaks highly of you and told me you would do a good job for me."
"Let me ask you a question? I would like to offer estate services to my clients. That requires a legal team to create all the documents and filings necessary to properly plan and execute estates. Would you be interested in doing all the legal work for my clients?"
"Don't you have somebody now?" She replied.
"Yes, but I am a very small part of his business and don't get the attention I think I deserve."
"I can certainly use the work. Promise me that if I don't meet your expectations you will let me know. I want to do good work."
"Do we have a deal?"