As we prepare to welcome the new year, it is an ideal opportunity to reflect on your estate planning practice. Take a moment to evaluate the successes and challenges of the past year and identify any goals you did not meet. Now is the time to set new goals for your practice and yourself.

Written by Sarah Barton, JD

A fiduciary duty is defined as “a duty to act with the highest degree of honesty and loyalty toward another person and in the best interests of the other person (such as the duty that one partner owes to another).”The law governing a limited liability company (LLC) is similar to that governing a corporation or partnership—the LLC’s older siblings in the family of business entities—in imposing fiduciary duties; however, for LLCs, fiduciary duties may be modified by contract to the extent permitted under state law.

For estate planning attorneys with a heavy workload and a demanding schedule, your focus is on client matters and ensuring the highest standard of service. However, if you want meaningful growth and long-term stability, dedicating time to a strategic, intentional marketing plan is imperative.