The Estate Planning Lawyer’s Ethical Considerations

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by Kristin Yokomoto, JD - WealthCounsel Member Since 2014

Due to the unique nature of estate planning which may involve, among other types of planning: (a) planning for joint clients; (b) planning for a death which will occur at a future date; (c) planning for the purpose of benefiting third parties; or (d) planning for benefits which revolves around potentially changing tax and related laws, this area of law is specifically plagued with ethical issues and malpractice pitfalls. A novice, and even an experienced estate planner, can too easily become named as a defendant in an action alleging ethical violations or negligence, both of which could lead to disbarment and legal malpractice liability.

Download this article to to examine 4 non-state-specific ethical considerations for attorneys and some policies and procedures you can put into place to avoid gray areas in your planning.