The engagement letter is here to stay and constitutes best practice for both lawyers and clients in estate planning. But it wasn't always so.
Indeed, the use of engagement letters is a relatively new phenomenon. For generations, a simple handshake sufficed, particularly in the traditionally cooperative practice of trusts-and-estates law. It was all quite gentlemanly.
But in the last generation, the trend has gone from a few to a majority of estate-planning lawyers