Since 1987, Jed Albert has represented individuals and fiduciaries with respect to complex estate planning (including gift, estate and generation-skipping transfer tax planning), charitable giving, business succession planning and trust and estate administration.
How do you view your client relationships vis-à-vis your role as a law professor?
The two roles are actually very similar. Being a successful educator is a fundamental part of being a good lawyer. Education creates empowerment. One of the great pleasures of this work is that it allows me to empower people by educating them as to their choices (and the consequences of their choices) regarding complex tax and personal issues so that together, we can find practical solutions to these complex issues.
“Clients often come in with deep-seated concerns about how to provide for family members. It is extremely satisfying to be able to give a client the power and the tools to fully address these concerns.”
How has estate planning changed over the years?
There has been a significant increase in family wealth and intergenerational transfers. These two factors have created an increased need for sophisticated estate planning. Also, with more divorces and second marriages, planning has become more complex in order to balance potentially conflicting needs of different family members.
What do you see as the most important aspect of your client relationships?
Given the complexities of this practice area, technical proficiency is a requisite. However, equally important is the recognition that this work involves deeply personal issues. Clients often disclose things to me to which no one else is privy. I strive to give my clients more than purely technical advice. That is where experience and compassion come in. I also strive to allow each client to feel as if he or she is my only client.