Monday, October 24, 2016
Todd Fithian, Albert E. Gibbons, & David W. Holaday recently published an Article entitled, High Performance Teaming and Professional Collaboration, Trusts & Estates (May 2016). Provided below is a summary of the Article:
The National Association of Estate Planners & Councils (NAEPC), formed in 1962, functions with the abiding conviction that: (1) the team approach to estate planning is essential to the creation of an estate plan, to which every consumer is entitled; and (2) this team approach is what best serves the client.
The most essential, defining characteristic of a high performance, multi-disciplinary team is an explicit collaborative process—one that’s articulated to the wealth-holder(s) and to each and every advisor on the team. Over the past several decades, the estate-planning world has become increasingly complex and interdependent. To navigate through this world, it helps if practitioners incorporate collaboration more deliberately into their estate-planning practices.