Balancing Collaboration With the Attorney-Client PrivilegeBalancing Collaboration With the Attorney-Client Privilege

Collaboration is increasingly becoming the footpath for advisors to proceed within the context of family wealth and estate planning.  Whether face-to-face or cloud-based, authentic collaboration is often a highly suggested best practice today. The National Association of Estate Planners & Councils, for example, recommends that all Accredited Estate Planners designees continue sharpening their skillsets to engage more fully in a collaborative process, in which their multidisciplinary teams commit more fully to mutual communication, cooperation and coordination for a client-centric and synergistic outcome.   

The clarion call for collaboration, however, doesn’t mean that the collaborative footpath is downhill and effortless. Rather, advisor...