WealthCounsel(R) Announces Results of 2008 Industry Survey to Attorneys Attending Estate Planning Conference in Orlando
Among the key findings were the following:
-- As in 2007, most respondents chose elder law as the primary estate planning industry shift over the next five years.
-- Attorneys noted that the primary reason clients seek their services is to avoid probate, followed by the desire to minimize estate taxes. Avoiding chaos upon their death, keeping children from mismanaging their inheritance, and asset protection were also major factors.
-- Net worth of the respondents' clients ranged from less than
-- Client generation and managing daily operations are major challenges for most attorneys.
-- Top factors important to attorneys in sustaining their businesses are having the support of family and friends, and an efficient document drafting system.
The next annual survey will be conducted in
The 22-page survey report will be available at the WealthCounsel booth at the Heckerling conference as well as on the web at http://www.wealthcounsel.com/WealthCounsel_2008_Industry_Trends_Survey.pdf For more information, send an email to email@example.com.
WealthCounsel(R) is a registered trademark of WealthCounsel, LLC, a membership-based organization of more than 1,700 attorney practitioners located in all 50 states. The company is known for the WealthDocs(TM) drafting system and the Five Star Practice Solution(TM) designed to help attorneys practice with greater efficiency, profitability and confidence. WealthCounsel shares ownership in ElderCounsel, LLC, and The Advisors Forum, LLC.
SOURCE WealthCounsel, LLC