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Lawyer’s Guide to Financial Planning - Oct. 6: Morning Seminar

Our seminar will explore essential financial and tax concepts that all Lawyers must know in order to properly guide clients as well as to secure their own economic futures. Seminar concepts and discussion arise from Cynthia Sharp’s book The Lawyers’ Guide to Financial Planning published by ABA Book Publishing.

Topics covered include:

- Factors to Consider When Choosing a Financial Advisor

- Asset Conservation Strategies

- Tips for Building & Ethically Selling a Niche Law Practice

- Retirement Planning Vehicles

- The Long Term Care Dilemma


The Fundamentals

Attorneys often review a client’s portfolio in the context of representation - particularly corporate, estate planning and elder law lawyers as well as matrimonial and real estate practitioners. Sounder advice can be rendered by lawyers who understand the basics outlined in this session.

Investment Perspectives

- Six Step Approach to Financial Security

- Risk Assessment

- Risk Minimization Techniques

Factors to Consider when Choosing a Financial Advisor

- Pros and Cons of Managing Own Portfolio

- Role of a Financial Advisor

- What the Credentials Really Mean

- Compensation Structures Demystified

Asset Conservation Strategies

- Minimizing Investment Mistakes

- How Debt Eats Away at Your Future

- Tips on repayment of student loans – NEW!

- Credit Report/Credit Score

- Bankruptcy and Lawyers

- Preserve Wealth by Reducing Income Tax Liability

Tips for Building and Ethically Selling a Niche Law Practice

This quick paced section is geared to business attorneys advising other practitioners with respect to the sale of a niche practice. We focus on Compliance with Rule 1.17 in the Context of:

- Building a Practice to Sell

- Valuation of Practice

- Negotiating Points to Consider

- Pitfalls to Avoid

Retirement & Rewirement Planning

- Practice Considerations

- Whether or not to go inactive on the roll of attorneys

- Whether the attorney would need to maintain malpractice insurance for the chosen retirement (especially if serving as “of counsel,” advisor to a board or not for profit, doing pro bono work, etc.)

- Requirements to stay an active attorney while winding down the business (maintaining CLE requirements, including using section 8 status should the attorney experience age related hardship in maintaining CLE’s)

Clients often seek advice from attorneys with respect to the following issues:

- Where to Live (Focus on tax, economic and legal impact)

- Establishing Residency - Two Home Families

- How Much to Save

- How Much to Withdraw After Retirement

- Social Security Benefits (Old Age and Survivors)

- Tax Qualified Plans

The Long Term Care Dilemma

- Medicare: What You Need to Know

- Medigap Policies

- Medicaid

- Veterans Benefits

- Long Term Care Insurance - Contractual Terms Explored

- Reverse Mortgages - Analysis of Contracts


National Speaker:

Cynthia Sharp, Esq. (J.D., LL.M. (taxation))

Veteran Attorney Cynthia Sharp works with motivated lawyers seeking to build sustainable law practices. After building and selling her boutique firm which she ran for over a quarter of a century, she embarked on a professional speaking and consulting/coaching career. For the past 10 years, she has dedicated herself to sharing practice building strategies and processes with solo and small firm attorneys throughout North America. In recognition of her contributions to the profession, the ABA GP Solo Division named her Trainer of the Year in 2019. Cindy is author of The Lawyer’s Guide to Financial Planning published in 2014 by the American Bar Association. During the pandemic, she co-founded, a community dedicated to the wellbeing of lawyers.


Lawyer’s Guide to Financial Planning

A National Speaker Seminar

3 CLE / 3 E - Wednesday, October 6; 9:00 A.M. - 12:15 P.M.

LIVE INDIVIDUAL WEBCAST ONLY - From your home or office


Stay for the Afternoon Seminar and Save $95

Cynthia will also be presenting an afternoon seminar, Strategies for Taking Charge of Your Law Practice and buying both programs together saves you $95. Click Here for the bundled price.

ICLEF • Indiana Continuing Legal Education Forum, Indianapolis, IN


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