As an attorney, have you ever thought about what would happen to your legal files if you become incapacitated or die? What would happen to the attorney-client trust funds? Who would take possession of the clients' files? What happens to the attorney-client privilege? Who will sell the practice? Who is allowed to look at a client's file? For solo practitioners, these questions pose significant risks as well as great planning opportunities, as long as planning is done before incapacity.
Fortunately, California enacted laws which allow solo attorneys an opportunity to plan for their businesses in the event of incapacity and death. PracticeAssureKit(TM), a law office sales system which allows attorneys to plan for specific areas of their law practice and business while they are healthy. Practice administration is a very challenging area, but it is usually the attorney who knows who would be best suited to administer the practice.
Many times the surviving spouse gets overwhelmed with the great task of returning client files, selling the practice, and managing the other parts of the estate. This task can be reduced to some basic steps to preserve the value of the practice.
PracticeAssureKit(TM) engages solo attorneys to take the necessary steps in protecting their clients' files and money, protecting the value of the law practice, and protecting the attorney's estate by implementing simple steps in succession planning over a one year period.
For more information about the PracticeAssureKit(TM), email [email protected].
Mina N. Sirkin is a Board Certified Specialist Attorney in Estate Planning, Probate and Trust Law by the Board of Legal Specialization of the State Bar of California. Ms. Sirkin practices in Los Angeles County, California. [email protected]. http://www.SirkinLaw.com. Tel: 818-340-4479.
