Planning Ahead: Establishing a Transition Plan in the Event of Your Death or Disability Out of Stock
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June 2010
Planning Ahead: Establishing a Transition Plan in the Event of Your Death or Disability
Program Highlights
Are you prepared? Faculty will guide you in the ethics and practicality of a transition plan, and how to prepare a plan for the unexpected events in your life that may disrupt your practice. Learn about:
- Protecting your client and your clients' interests
- Commencing a plan - where to start and what to include
- Procedures Manuals - ethics and practice
- Insurance issues and protection
Program Description
If you are a solo or small firm practitioner and you don't have a transition plan - an agreement with another lawyer, instructions to family, or any indication of how to take over your practice at a moment's notice - you could be working up to a messy situation for you, your family, employees, partners, and clients. Planning is required - whether for the planned or unplanned event that interrupts or ends your ability to practice. You need a plan at a minimum to protect your clients' interests, and in the best case scenario, to maximize the value of your practice for the benefit of your heirs and your successors.
Topics Covered
Identifying the Problem
- What will happen to your practice in the event of your death, or temporary/permanent disability?
- What is the impact on your clients? Your family? The value of your practice? Your employees, partners, or co-counsel?
Presented by Martha J. Karnopp, Esq.
Control of Your Practice When You Don't Have a Transition Plan for the Unexpected Event
- Role of General Regulatory Counsel & Inventory Counsel
- Applicable Rules of Ethics-Protecting Your Client & Your Clients Interests
- Liability Issues
- Trust & Firm Bank Account
- Impact on Family, Clients, Employees, and Other Counsel
Presented by Charles (Chip) E. Mortimer, Esq.
Your Office GPS: Know Where You Are Before Starting a Plan
- Lease Agreements
- Contracts
- Bank Accounts
- Insurance Policies
- Accounts Receivable
- Client Work in Progress
- Preparing Lists: Strengths, Improvements, Valuation, Contact Lists, Credit Cards, Passwords
- File Storage
- Secretary of State Documentation
Presented by Reba J. Nance
Your Office GPS (continued)
- Integration Clauses for Estate Planning
- Powers of Attorney
- What are Your Goals?
Presented by Gordon Williams, Esq.
Steps to Commence a Plan
- Selecting an Assisting Attorney
- Determining the Role of the Assisting Attorney - Representing You/Representing Your Clients
- Avoiding Ethical Conflicts
- Contractual Arrangements - Scope and Authority
- Bank & Trust Accounts - Access, Authority, Termination, and Delegation
- Fee Agreements and Transition Sample Provisions
Presented by James C. Duve, Esq.
File Retention Policy
- Current Ethics Rules & Proposed Rules
- Restrictions on Return or Destruction of Client Files
- Risks of File Return or Destruction
- How to Document the Policy
Presented by Marcus L. Squarrell, Esq.
The Procedures Manual
- Procedure Versus Policy
- What Should be Included in a Procedures Manual
- Using a Procedures Manual
- Keeping a Procedures Manual Up To Date - Ethics & Practice
Presented by Brandie Rome and Douglas J. Striker
Insurance Issues and Protection
- Life Insurance to Cover Transition Costs
- Disability Insurance
- Overhead Disability Insurance
- Errors and Omissions Insurance and Tail Coverage
Presented by Rahul Kashyap, CFP
Forms to Use
- Sample Forms
Presented by Barbara Cashman Hahn, Esq. and Reba J. Nance
Activating the Next Steps
- How Does the Program Fit a Plan for Your Office
- Realistic Timetable for the Next Steps
- Fee Agreement Changes
- Bank Account Access
- Procedures Manual
- Revise Partnership Agreement
- Contract with Assisting Attorney
- Revise Will
- The Plan - A Continuing Work in Progress
Presented by Barbara Cashman Hahn, Esq.
Planning Committee
James C. Duve, Esq.
James C. Duve, P.C.
Colorado Springs
Barbara Cashman Hahn, Esq.
Law Office of Barbara Cashman Hahn, LLC
Denver
Martha J. Karnopp, Esq.
Attorney at Law
Aurora
Reba J. Nance
Director of Law Practice and Risk Management
Colorado Bar Association
Faculty
James C. Duve, Esq.
James C. Duve, P.C.
Colorado Springs CO
Barbara Cashman Hahn, Esq.
Law Office of Barbara Cashman Hahn, LLC
Denver CO
Martha J. Karnopp, Esq.
Attorney at Law
Aurora CO
Rahul Kashyap, CFP
Financial Consultant
Colorado Financial Partners
Golden CO
Charles (Chip) E. Mortimer, Esq.
Office of Attorney Regulation
Denver CO
Reba J. Nance
Director of Law Practice and Risk Management
Colorado Bar Association
Denver CO
Brandie Rome, Business Manager
Susan R. Harris & Associates, LLC
Greenwood Village CO
Marcus L. Squarrell, Esq.
Ducker, Montgomery, Lewis & Bess, P.C.
Denver CO
Douglas J. Striker, Chief Operating Officer
Foster Graham Milstein & Calisher, LLP
Denver CO
Gordon Williams, Esq.
Colorado Springs, CO
- CLE Pass Price *FREE! - exclusions may apply
- Standard Price $329.00 USD
- Member Price $269.00 USD
- General Credits 8.00
- Ethics Credits 7.00
- EDI Credits