Your Firm Needs a Succession Plan: Here’s Why & How
Date: Jun 15, 2023 9:00 a.m. – 12:00 p.m.
Location: Online
Member Price: $0.00
Non-Member Price: $0.00
Areas of Law: For All Attorneys
Earn up to 2 credits! (More Information)
Keynote
Moderator
Presenters
When an attorney dies without a succession plan, the onus often falls on the Court and the attorney’s family to wind down the practice and ensure that the clients are protected. Families who are grieving then have to deal with additional stress, and the overburdened assignment judges need to find lawyers who can take over after an unexpected death. The results are often messy, and the Court is urging attorneys to develop succession plans to avoid the morass.
Join the NJSBA/NJICLE for a special presentation by The Hon. Jeanne T. Covert, AJSC as Her Honor explains the problems for an attorney’s family, the Court and their clients when a lawyer dies without a succession plan. Then, hear from the Judge and experienced attorneys who will show you how to create a plan that is right for you and your practice. They will walk you through the steps you need to take to ensure your firm has a solid plan in place if the unexpected happens.
Topics include:
- The huge problem created when a firm’s partners have died without a succession plan
- The three ways to transfer interest in a small firm
- The pros and cons of merging your firm with another
- Court rules re: appointment of attorney-trustees to protect clients’ interests
- Drafting tips for succession plans – clauses to include, goals to keep in mind, etc.
Important Information About Our Events, Meetings, and More:
To secure your spot and receive important updates about our events, meetings, and other gatherings, such as schedule changes, remember to register in advance.
Cancellation and Refund Policy:
If you need to cancel your registration and are not transferring to another program or date, please submit a written request to us at least three business days before the event, meeting, or gathering. You will receive a refund minus a $20.00 cancellation fee. No refunds or registration changes will be issued within three business days of the event, meeting, or gathering.
Stay Informed:
Registered participants will be notified of any schedule changes. For updates regarding inclement weather, please check your email or visit NJSBA.com.
Media Consent:
By participating in our events, meetings, or other gatherings, you agree to be photographed and/or recorded. Additionally, all media content captured during these gatherings will become the property of NJSBA. This content, including your image and name, may be used in our future promotional materials without additional consent or compensation.
Scholarship & Financial Assistance Policy:
Read our Scholarship & Financial Assistance Policy and submit an Application here: https://njsba.com/njicle/cle-programs/scholarship/