Drafting and Updating Your Retainer Agreements

Evaluate and improve certain provisions.

The practice of estate planning is evolving at a rapid pace. Practitioners should periodically review estate-planning retainer agreements (engagement letters) to update them to reflect new ethics rules,1 changing practices, integration of new technology into their practice and other factors. Given the pace of changes impacting the estate-planning arena, an annual, if not more frequent review, may be merited. But, even that alone won’t suffice. Retainer agreements are only one

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