Lawyers operating under the principles of the new law business model are helping their clients be better parents, better business people and better citizens of their communities.
It’s not just a pipe dream or pollyanna wishing. It’s actually happening.
And the lawyers who have embraced and applied it are getting paid well for it.
To get a sense of how lawyers move beyond being glorified document drafters and instead support their clients to be better parents, check out this article on medium.com about the true nature of estate planning.
When done right, estate planning (we call it Family Wealth Planning) is about as far from traditional Wills & Trusts practice as you could get. It’s about so much more than just planning for the estate or drafting legal documents.
Family Wealth Planning is a process of planning for a family’s whole wealth.
It’s well known by the wealthiest among us, “wealth has little to do with money in the bank, real estate or anything like that; wealth is what’s left after the money is gone.”
When parents go through the process of Family Wealth Planning, they begin to transform from often unconscious consumers to thoughtful, awake, aware creators of value in the world.
Clients who have been through the Family Wealth Planning process report feeling as if they have done the best thing ever for the people they love by considering what really matters to them and how to pass that on to future generations.
As an advisor to these families, you become intimately involved with their lives and families. It’s not just about creating wills, trusts and other legal documents.
When you are running your law practice the new law business model way, you are helping your clients to transmit a legacy of stories and insights – true inheritances – to future generations.
Imagine providing a meaningful service and going to bed at night knowing you are changing lives. Perhaps that’s even why you went to law school, but you lost your way when the business model didn’t seem to support that. Now, there is a different way.
When you’re doing work that truly feeds your soul AND is so appreciated by the clients you provide it to, you’re left with a practice you love.
Yes, we think legal services done like this are sacred.
“I wanted to love being a lawyer. I wanted to have a great life. And I wanted to serve clients in a very deep and meaningful way… and I wanted to serve my family too. Estate planning the PFL Way does all of that and more.” – Martha Hartney