Excellent Article – Estate Planning Traps

Here is an excellent article for estate planning attorneys new to the practice. It was put together in August, 2009 by Lawyers Mutual, a North Carolina Insurance Company. It highlights common areas of estate planning malpractice:

  • Failure To Gather Complete Information
  • Failure To  Draft  What  Client Wants
  • Careless Drafting
  • Changes in Law
  • Failure To Revise Forms When Laws Change
  • Failure To Consider Tax Consequences
  • Failure To realize or Meet Deadlines
  • Knowing Your Limits
  • Failure To Consider Duty of Others

Sample engagement and disengagement letters are attached as examples.

Good stuff!


Estate Planning Traps