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

Michael Perkins TEP – Special Counsel

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

Lead Adviser Role

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?

Initial contact

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?

Rank priorities and risks

• Identity – including territory.

• Family.

• Other key people.

• Property by form of ownership and management.

• Client objectives.

Understand the situation

• 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?

Key Professional 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

Key estate risks

Affairs Management• By client• For client

Representation

Wealth Preservation

Wealth Transfer• Management Succession• Ownership Succession

Legacy / Social and Community Contribution

Propose Solutions

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

Who implements the plan?

• 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.

EP Service Teams