The Dynasty Diagnosis & Implementation
The first step when becoming a client of our firm is the Preventative Law Dynasty Diagnosis or what we call the “gathering stage.” We work with you and your advisors to obtain all of the information and documentation related to your assets, objectives, human capital, insurance, business(es), and more.
Next, we implement an integration program which begins by creating a Legal Architectural Blueprint(s) of the cient's current wealth preservation and business plan to assist in the understanding, analysis and implementation of the plan.
Step Three is for us to coordinate with our clients advisors to obtain their concurrence and ideas. As John Goodson used to say, “Pure gold does not fear the refiners fine!”
Next we formulate our recommendations and propose a wealth preservation plan. Once “the pot is right” or all of the functional components have been finalized, we prepare the documents for signature and circulate the executed copies to the professionals as needed and authorized. Then we celebrate when every loose end is finished!
At this point we design a maintenance plan with a specific timetable and checkpoints to make certain that the wealth preservation stays up-to-date.
As your wealth and values evolve, we have a continuing commitment working with the professional team to save you money in taxes and other costs. Also, we will continue to utilize preventative law strategies to avoid any potential challenges by thinking as many moves in advance as possible.
Attending to the details of your Wealth Preservation Plan is absolutely critical!
Many estate planning professionals are commoditizing the estate planning industry especially since there is less of a need to address estate taxes with the increasing lifetime exemption. The tendency now is to give clients clipboard questions and online documents with almost no customization. Many times the clients do not even get the opportunity to review the drafts prior to signing! Having a dialog about your concerns and family goals before you execute your documents is critical to the success of your plan.
A significant number of our clients select the multi-family or general counsel style of representation where they pay a fixed annual retainer due in quarterly installments. Under this representation model, our firm basically acts as the client's legal counselor where our firm performs the individualized annual maintenance work, acts as the quarterback and is on standby in a general counsel type capacity for any and all of the clients.
The wealth preservation team naturally reflects the culture of the client and the clients business(es). There is a new type of business model where the firm has the ability to carve out deeper relationships with the clients which allows us to do more than just please the clients. It means firms may become increasingly and, in some cases, extricable, linked to their client’s success by facilitating innovation, precise planning, and careful detailed crafting. Clients are faced with labyrinthine challenges that require visionary solutions and sound judgment. Goodson Manley Law & Legacies' objective as an integral strategic partner for our clients is to be the clients champion in this modern day complex global community!