California Attorney, Mina Sirkin Claims That Solo Practitioner Attorneys Have Greater Risks; Sirkin to Speak at Seminar on April 17
As attorneys get older, the business risks due to likeliness of incapacity or death increase. California lawyers are able to limit such risks by following a few simple systems.
Los Angeles, CA (PRWEB) April 2, 2008
What happens to legal files if an attorney become incapacitated or dies? What could happen to the attorney-client trust funds? Who would take possession of the clients' files? What happens to the attorney-client privilege? Who will sell the practice? Who is allowed to look at a client's file? Can you make your law practice ready for sale? For sole practitioners, these questions pose significant risks as well as great planning opportunities, as long as planning is done before incapacity.
Fortunately, California enacted laws which allow solo attorneys to plan for their businesses in the event of incapacity and death. Mina N. Sirkin, a Family Wealth Lawyer in Los Angeles, California has created PracticeAssure(TM), a business system which guides attorneys to plan for 1) retiring; 2) selling a practice; 3) asset protection and 4) succession planning in specific areas of their law practice and business while they are healthy. Practice administration is a very challenging area, but it is usually the attorney who knows who would be best suited to administer the practice.
Many times the surviving spouse gets overwhelmed with the great task of returning client files, selling the practice, and managing the other parts of the estate. This task can be reduced to some basic steps to preserve the value of the practice. Lack of planning greatly reduces the value of a practice upon sale.
PracticeAssure(TM) engages solo attorneys to take the necessary steps in protecting their clients' files and money, protecting the value of the law practice, making the practice a marketable practice, and protecting the attorney's estate by implementing simple steps in succession planning over a one year period.
Ms. Sirkin will be speaking at an introductory seminar regarding the above risks and how attorneys can minimize them:
Seminar Date: April 17, 2007 Time: 12:00 p. m.-12:30 p. m. Pacific
Place: Internet. This is a virtual seminar. If you are unable to attend at the date or time above, please email a request for virtual files.
To Register for the introductory seminar and for more information about the PracticeAssure(TM), email Info @ SirkinLaw. com.
Mina N. Sirkin is a Board Certified Specialist Attorney in Estate Planning, Probate and Trust Law by the Board of Legal Specialization of the State Bar of California. Ms. Sirkin practices in Los Angeles County, California. She was the legal expert to PrimeTime News, CBS 2 / KCAL 9 on the death of Anna Nicole Smith. http://www. SirkinLaw. com (http://www. SirkinLaw. com). Tel: 818-340-4479.
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