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The Lawyer’s Guide to Financial Planning 2022 - 3 CLE / 3 E - Featuring Cynthia Sharp

This seminar has concluded. Please join us next time.

The Lawyer’s Guide to Financial Planning

3 CLE / 3 E - Featuing Cynthia Sharp

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 recently published by ABA Book Publishing.


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

- 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. Attendees may find the practical advice.

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

Review of Concepts / Questions & Answers



Cynthia Sharp, Esq. (J.D., LL.M. (taxation)) dedicated close to thirty years building a successful law practice - serving thousands of clients. At the pinnacle of her career, she sold her interest in the practice and established The Sharper Lawyer, an educational and business coaching entity. As Director of Attorney Development, Cindy has established a national presence as an author and speaker on topics of ethics in the context of practice management, social media and marketing - lecturing extensively to law firms, bar associations and other legal organizations. She is the author of The Lawyers’ Guide to Attaining Financial Security published by the ABA Solo, Small Firm & General Practice Division. Cynthia’s social media column appears on a regular basis in the GPSolo eReport.

ICLEF • Indiana Continuing Legal Education Forum, Indianapolis, IN


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