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Affluent individuals expect the highest standards from their service providers, and financial planners managing their wealth need experienced estate planning lawyers on their team. These legal partners should not only possess top-tier technical skills but also understand the nuanced dynamics and elevated expectations of the very high net worth (VHNW) and ultra high net worth (UHNW).
If you’re a financial planner looking to recommend an estate planning lawyer for your wealthy clients, here are the top five important qualities to consider:
#1 Skill in Creating Advanced Trusts and Estate Plans:
Look for lawyers who are adept at handling the complexities of your clients’ wealth. They should be skilled in creating detailed, sophisticated trusts, and comprehensive estate plans that address various financial assets.
#2 Expertise in Complex Legal Work:
Find lawyers who can easily manage complicated legal processes, like setting up limited liability companies (LLCs). This helps in creating personalized legal structures without needing an additional corporate lawyer, saving time and money.
#3 Smart and Strategic Thinking:
Your chosen lawyer should be able to tailor legal solutions to the unique situations of the many different types of businesses and financial portfolios the super-rich may possess.
#4 Easy Collaboration with Wealthy Individuals:
Ensure that the lawyer can work smoothly with high-net-worth individuals. They should be good at building strong professional relationships and meeting the specific needs of wealthy clients.
#5 High-Quality, Personalized Service:
Look for lawyers who provide top-notch client service, similar to what your affluent clients expect from luxury experiences. The ideal estate planning lawyer should deliver personalized and meticulous service that exceeds the high standards of demanding clients.
Choosing the right estate planning lawyer is crucial for navigating the complexities of your clients’ wealth. For an unparalleled estate planning experience, connect with Angela Klenk at Beach Cities Estate Law by calling 424.336.1579.