By Attorney Rick Law of the Estate, Asset and Retirement Tax law firm of Law ElderLaw, home of the Estate Planning Center at Law ElderLaw in Aurora, IL.
As a prospective client, it’s completely reasonable for you ask your attorney about their own succession plans.
I was born in 1950 and my life expectancy is about 14 more years. When I was on vacation a few years back, one of my attorney acquaintances died suddenly of a heart attack. He was 61 and a sole practitioner… kind of leaves you to wonder; was he ready for the unexpected? What’s happening with his client’s files? Thankfully, Law ElderLaw is a multigeneration firm filled with talented and personable lawyers, not the least of which is my Daughter, Diana.
Whatever attorney you choose, they should take no offense if you ask, “How old are you?”; “How will you keep track of my secure files in the future?”; and “What is your succession plan if something happens to you?” Every client deserves to know the answers to those questions.
Here at Law ElderLaw one of our goals is to run our law practice with modern, business-style systems designed to care for our clients every step of the way. Our systems begin with sending our message to prospective clients and ends with our final information and electronic file storage. But most importantly, at Law ElderLaw we provide services to our clients as a team. Running a law practice today requires management of much more than just the legal work, and we take that seriously—for ourselves and for our clients.
Let me leave you with a story;
Lola finished signing her estate plan documents and looked up at me and sighed, “That is such a relief! Every time we drive in bad weather, I worry about dying before we have provided for our granddaughters.”
She has a lovely Spanish accent, so those words were definitely music to this attorney’s ears.
But then with a note of concern, she looked directly at my face and asked, “How old are you?” Her worry had just changed from completing her estate plan to worrying about whether or not I would outlive her.
She wanted to feel confident that I would be around to help provide guidance for her granddaughter’s trust. And rightfully so! “ I am 65,” I responded, “and the good news is that Law ElderLaw has a second generation built-in. I am the oldest at our firm, but we have many young, capable people here to hold your hand if something happens to me.”
Too many families needlessly lose everything they have. Don’t let that be you. If you need help paying the overwhelming cost of long term care, give our office a call at 800-310-3100. Your first consultation is absolutely free. We’ll let you know what steps you need to take, right now, to protect yourself and your family. Call now, because when you’re out of money, you’re out of options!
Rick L. Law, Attorney, Estate Planner for Retirees.
Rick was named the #1 Illinois elder law estate planning attorney by Leading Lawyer Magazine. He has been quoted in the Wall Street Journal, AARP Magazine, TheStreet.com, and numerous newspapers and articles. Rick is the lead attorney for Law ElderLaw, LLP, focusing in Estate Planning, Guardianship, and Nursing Home Solutions. His goal is to give retirees an informed edge when it comes to dealing with an uncertain future. Get flexible retirement strategies that work during good times and bad, plus information on how you can save your home and assets from being used to pay for long term care. Call 800-310-3100 for your free consultation now!