2014

WealthCounsel(R) Announces the Results of Groundbreaking Survey of the Estate Planning Industry at Heckerling Conference in Orlando

    ORLANDO WORLD CENTER MARRIOTT, Fla., Jan. 15 /PRNewswire/ --
 WealthCounsel, LLC announced today from the exhibit hall of the 42nd Annual
 Heckerling Institute on Estate Planning the results of its 2007
 WealthCounsel(R) Industry Trends Survey in a report entitled "A Look Inside
 the Estate Planning Industry." The survey was designed to identify the
 challenges confronting today's estate planning professionals and to obtain
 a sense for the estate planning needs of American consumers. Approximately
 5,000 estate planning attorneys were invited to participate in the survey
 during November 2007.
 
     The results of the groundbreaking initiative captured feedback from
 nearly 500 estate planning attorneys throughout the country on topics
 ranging from future trends that they anticipate in the industry, to client
 net worth and psychographics, to the trade publications they read.
 Respondents for the most part were seasoned practitioners with substantial
 estate planning and legal expertise. Seventy-five percent of respondents
 indicated they have practiced law for more than 11 years, and fifty-five
 percent have specialized in the estate planning field for more than 11
 years.
 
     "We believe the results of this assessment will provide practitioners,
 the media, businesses, and consumers with valuable insight into the field
 of estate planning," said Laura Wilson, executive director of
 WealthCounsel, LLC. "We are grateful to the respondents who shared their
 experiences with us -- especially the hundreds of WealthCounsel
 member-attorneys throughout the nation," Wilson added.
 
     Wilson explained that legal and financial professionals engaged in
 estate planning will find that the survey provides actionable intelligence
 as they develop or expand their business. Consumers will learn what factors
 motivated others to develop an estate plan, and will gain a clearer
 understanding of why having an estate plan is important for adults of all
 ages and income levels.
 
     Several statistics from the report indicate that 94% of practitioners
 believe that estate planning is an interdisciplinary function requiring
 collaboration among the attorney, CPA, and financial professional; 93%
 believe that baby boomers will create a greater demand for services; 73%
 volunteer with non-profits or civic organizations; 60% said their clients
 engage in estate planning to avoid probate; while 40% said clients want to
 keep their children from mismanaging their inherited assets.
 
     An electronic copy of the 16-page report may be downloaded as a PDF at
 the following link:
 http://www.wealthcounsel.com/WealthCounsel_2007_Industry_Trends_Survey.pdf.
 Copies will also be available at the WealthCounsel exhibit booth at
 Heckerling (Booth 214), or by sending an email to
 marlene.frith@wealthcounsel.com.
 
     About WealthCounsel(R)
 
     WealthCounsel(R) is a registered trademark of WealthCounsel, LLC, a
 membership-based organization of more than 1,000 law firms, and a leading
 provider of tools and intelligence to the nation's estate planning
 community. The company, which celebrated its tenth anniversary in June
 2007, is known for its Five-Star Practice Solution(TM), a unique blend of
 the WealthDocs(TM) document drafting software, collaborative community of
 practitioners, discussion forums, relevant CLE, and practice building
 resources. WealthCounsel shares ownership in two sister companies,
 ElderCounsel, LLC, and the Advisors Forum, LLC. For more information, visit
 http://www.wealthcounsel.com.
 
 
 

SOURCE WealthCounsel, LLC

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