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EP Roles and Responsibilities for non legal advisers leading teams including lawyers.

EP Roles and Responsibilities for non legal advisers leading teams including lawyers. Michael Perkins TEP – Special Counsel. Lead Adviser Role. Has a primary professional discipline . In addition is the lead expert in the situation of the client and is an advocate for the client.

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EP Roles and Responsibilities for non legal advisers leading teams including lawyers.

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  1. EP Roles and Responsibilities for non legal advisers leading teams including lawyers. Michael Perkins TEP – Special Counsel

  2. Lead Adviser Role • Has a primary professional discipline. • In addition is the lead expert in the situation of the client and is an advocate for the client. • Helps facilitate the client’s management of • Relationship Capital • Property (in a legal sense) Includes Financial Capital • Family, Social and Personal Accountabilities • Facilitates change and improvement in the client’s life

  3. Initial contact • What is the priority of the client now? • Who is the client: • the individual or • the family group? • Who owns the client? (the client???) • What is the first deliverable?

  4. Rank priorities and risks • How much can I do myself? • What do I need to outsource? • What can I in-source? • Is a collaborative approach to engagement appropriate? • How do I retain control in the engagement?

  5. Understand the situation • Identity – including territory. • Family. • Other key people. • Property by form of ownership and management. • Client objectives.

  6. Key Professional risks • What is involved, client led advisory service or service product delivery? • What internal resources are available to assist the adviser? • What external skills do I need and where do I find them?

  7. Key estate risks • How is your client concerned about: • Personal and Family Representation and Succession. • Family Continuity, Governance and Legacy. • Wealth Preservation, Enhancement and Transfer. • Business Ownership and Control. • Financial Security and Compliance

  8. Propose Solutions • Affairs Management • By client • For client • Representation • Wealth Preservation • Wealth Transfer • Management Succession • Ownership Succession • Legacy / Social and Community Contribution

  9. Who implements the plan? • Appropriately qualified professionals e.g. those from the fields or professions of: • Financial Planning • Law • Accounting • Tax • Trust & Estate Practice • Family and Business Consulting • Family Dynamics • Management and Social science professionals

  10. EP Service Teams • Bind professionals to a common goal. • Focus on delivering change and results not just service products. • Are amenable to service level agreements if work volume is sufficient. • Must be driven by serving the vision and values, of the client. • Must be built on clear communication and effective management plans for the engagement.

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