Estimated Reading Time: 4 minutes

Estate planning can involve many variables and can be fraught with potential ethical pitfalls and malpractice issues. It’s especially important for new estate planning attorneys to be aware of these risks and how to avoid them. With the proper precautions, you can prevent exposing yourself to severe case mismanagement consequences, including suspension or disbarment, civil action, and criminal charges.

Estimated Reading TIme: 3 minutes

It’s not a secret that attorneys would rather spend more time nurturing client relationships and less time drafting legal documents. Especially, when you are getting started with estate planning and need to put any extra time and money into building your practice; not laboring over crafting a legal document.

Trusts are taxed differently than individuals and are subject to different tax guidelines. It is important for estate planning professionals to be mindful of the tax implications of trusts and to work to ensure that their clients’ assets receive the best available and most appropriate taxation per the IRS guidelines.