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Money and Finances
Reply to "DH is a new big law partner and I have no clue how to budget "
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[quote=Anonymous]OP didn't say she doesn't work, you dolts. The pay structure of law partners is whacky and takes some conservative adjusting to make sure you don't screw up. Many first year partners struggle with this. OP, we talked to our more senior partners to get a guestimate of what the final tax situation was likely to look like after all the various states' taxes were accounted for, etc., and set a little more than that aside in a separate line item account so we wouldn't "see" it and be tempted to spend it. Also after making partner we started having our taxes done by someone who knows law firm taxes, and she was able to advise us on all that from then on.[/quote]
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