Legacy or Liability? 10 Common Pitfalls for Will, Trust, and Estate Lawyers

It is estimated that the Baby Boomer generation will transfer more than $120 trillion to succeeding generations. This so-called “Great Wealth Transfer” will reverberate in the will, trust, and estate area of practice for years to come. Liability exposure risks for will, trust, and estate area lawyers accompany this staggering amount of money.
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Report Before you Replace: Protecting Coverage When Switching Malpractice Insureres

Switching legal malpractice insurance carriers may seem like a routine administrative decision, but it requires proper handling to protect the law firm’s interests. Under a typical claims-made lawyers professional liability (“LPL”) policy, attorneys are required to report known claims and potential claims to their current insurer within the policy period.
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