Do you find yourself starting estate planning documents from scratch for every new matter, playing catch-up with templates whenever the law changes, or waiting for slow client responses?

These hurdles, among others, can seriously delay the planning process, stealing countless hours and making your workflow more complicated than it needs to be.

Now that generative AI is capable of instantly creating legal documents, are you wondering whether dedicated estate planning software is still a valuable investment for your practice?

While it can be a powerful tool for streamlining legal research, crafting client communications, or scaling your marketing efforts, generative AI has limitations and liabilities that estate planning drafting software is designed to eliminate. 

Trusts have significant income-tax implications because their tax brackets are compressed: they can reach the highest income tax bracket with much less income than an individual taxpayer. 

Flexibility in the drafting of trusts will be even more important in 2022, when tax brackets are likely to be affected by rising inflation, the cost-of-living adjustment, and President Biden’s stimulus package. Income tax planning may not always be the first thing that comes to mind when drafting a trust, but the current political climate is causing clients to be concerned about rising income tax rates.