Maximum Lawyer

When the Owner Passes Away with Steven McClelland

Nov 15, 2022

34:45

What happens if there is sudden death in your firm and what happens for planned succession?

Steven McClelland joins us today for practical tips and valuable insight on this situation. Not only because Steven has dealt with this first hand in his firm but also because he believes that as attorneys, we have to come to the realization that we are replaceable.

With a staggering stat of 72% of attorney’s not having an “after death” plan in place, he is on a mission to share how to make this practical and possible.

01:05 Where do you start when it comes to getting prepared for: When the owner of your firm passes away?

02:39 Meet Steven and why this is his passion

09:27 A couple practical actions are …

12:00 What about your spouse?

15:40 These few documents are helpful ….

18:49 Where do you put your documents for people to access after death?

21:04 What about if the person doesn't actually pass?

23:10 What about your bills? Who pays them? How does this work out?

28:10 If you put together ONE document for your firm … The most important document would be is …

29:15 How plans for death affect the ways the people you love process through death.

Jim’s Hack: Deep Questions Podcast by Cal Newport

Guest Tip: Create a video of instructions for your team in case you die. Also think of creative ways to support and connect with your family and kids after death as well.

Tyson’s Tip: Use this easy editing app called InShot for assistance with your Reels etc.

🎥 Watch the full video on YouTube.

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