• Case Study A • Case Study B • Case Study C • Case Study D • Case Study E • Case Study F Attorneys   (CLICK HERE to learn more about FFR’s Attorney’s Almanac tool) When U.S. tax laws change, what system does your firm have in place that informs top clients about the importance of reviewing existing documents for required amendments, addenda, or necessary beneficiary changes? How do you protect your clients from having out-of-date documents that can cause serious income or transfer tax liabilities? After drafting specific trust documents (living trusts, irrevocable life insurance trusts, charitable remainder trusts, etc.) what measures are in place that force clients to fund them properly and submit the correct annual compliance letters or IRS tax returns? Because most law firms never review qualified plans, insurance ownership, highly appreciated assets, disability benefits, or deferred compensation plans (which can increase your client’s taxable income or estate tax liability radically), clients and their heirs can often find themselves at the mercy of IRS audits, tax liens, and penalties. Affluent clients who benefit financially from your advice can reward your law firm handsomely. However, steps should be taken to retain business successors and family heirs. What measures are available to protect your clients from tax funding shortfalls? How does your firm protect client assets from lawsuits and future tax liabilities?