Are you and your staff still tracking state and federal legal requirements by hand for estate planning documents? If so, consider this article your much-needed wake up call: you need a software intervention!Tracking such requirements by hand virtually guarantees that, sooner or later, mistakes will be made. It’s also a tremendous waste of precious time (billable time, that is, worth several hundreds of dollars an hour, depending on who’s doing the hunting and pecking).
Here are a few more reasons why “doing it yourself” is not a good idea:
- Key updates will be missed from time to time. (And what if you miss an update that indirectly causes grief – or even litigation – for a favorite client? Not. Good.)
- Time used for research is time not used for growing your firm, meeting with clients or even just enjoying the company of family and friends. Who wants to bother with busywork unless such busywork is totally, absolutely necessary?
- Since you know your information may not be 100 percent up-to-date, you’ll feel less confident when speaking with clients. That means you’ll undersell them – robbing them of potential value and making the firm less profitable and competitive.
- This lack of confidence – and quality software – means you’re less likely to add new, cool product offerings to clients.
If you don’t trust your current software or templates to supply you with the latest legal updates – or it doesn’t have the capacity to do so – your estate planning practice isn’t running on a 21st century model. It’s time for your firm to become state-of-the-art.
A Software Intervention with Wealth Docx®
When you trust your software, your firm runs much more smoothly and expands more readily. Wealth Docx offers regular updates on federal and state legislation, so you don’t have to worry about incorrect documents. It includes templates for a variety of trusts and other estate-planning tools, and you know you can offer these products to your clients without fear of errors. Wealth Docx doesn’t just supply superior software – it supplies confidence.
