LAW FIRMS Law firms use EstateWorks to help manage their Estate Planning and Administration practice. EstateWorks helps attorneys and paralegals track the status of instrument drafting and execution, as well as deadlines such as Crummey notifications, insurance premium due dates and fiduciary tax dates.
Errors in estate planning and probate are the 4th leading cause of legal malpractice claims, resulting in 17% of all dollars paid out. Rules-based checklists in EstateWorks keep you informed of every important due date for court and tax filings.
EstateWorks adds efficiencies in both large multi-office firms and small partnerships. Studies of lawyers have shown that on average, a lawyer wastes 4 hours of billable time per week looking for misplaced files or information. That equates to 200 billable hours lost per lawyer per year or as much as $50,000 of lost revenue per lawyer. We help firms turn that lost time into billable time.
FINANCIAL INSTITUTIONS Banks and Trust Companies use EstateWorks
to help settle estates and manage customer relationships and
trust administration. EstateWorks web-based information
portal serves as a team management and communication tool.
Improved productivity allows estate administrators to handle
significantly higher workloads.
EstateWorks work-flow solution provides
a powerful risk management and compliance tool. EstateWorks
deadline monitoring and audit trail capabilities provide internal
process controls that assist financial institutions in complying
with Sarbanes-Oxley and FDICIA requirements.
