Transitions

A Case For Attorneys in Transition

Joel FramsonMany attorneys are skilled in guiding their clients through significant life-changing transitions that involve money. Whether their specialty area is family law, litigation, or estate planning, they have the technical training to resolve the transaction while also managing the stress that their clients often feel.

Those same attorneys, however, often fail when theyneed to manage their own money transitions. The practice of law as both a profession and a business has experienced a tumultuous transition over the past couple of decades. Many firms have broken apart, young partners leave to start their own firm, less profitable practice areas are jettisoned by larger firms.

spring 2014

At some critical point, however, an attorney will look inward and realize that he or she is facing a transition. The attorney’s own financial decisions suddenly become the focal point and potentially the source of a great amount of stress. We have worked with attorneys who reach the realization that they are closer to transitioning out of practicing law than they. They may decide not to extend their lease, or not to build the next firm. Decisions change…

To continue reading please click here

When in Transition, Slow and Steady Wins the “Race”


Eric D BruckIt may not be sexy or glamorous, but here’s to the Tortoise in the famous child’s fable, “The Tortoise and the Hare”! No one pays attention to the underdog.

The tortoise was not expected to win the race, but win he did–with the attitude that “getting there” was more important than performing well.


Where (and when) is “there” for you? If you are looking to transition to a “make work optional” modality within the next ten years, you would be wise to heed the wisdom and the experience of our friend, the Tortoise…

 To continue reading please click here

Bag Lady Fears: What’s really going on here?

Linda CaoThere is one persistent mindset about money that is far more common among women than men. It applies to even affluent and high-earning women. That is, the fear of becoming a ‘bag lady.’

Conjure up any image of a bag lady, and invariably she appears alone. There are no family or friends nearby to support her, or even keep her company on the streets. Perhaps it’s her isolation rather than her poverty that a woman fears most.BAG LADY

As such, the bag lady fear becomes far more rational, and needs to be taken seriously. The hard fact is that 56 percent of women aged 65 or older are unmarried, according to 2011 US Census data. Compare this to the 24 percent of men who are unmarried at age 65+. As women move into older age brackets, 75 – 84 years, the percentage of unmarried women rises to 63 percent…

To continue reading please click here