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Planning for Success: Planning for Retirement and Retiring

12:45       Welcome and Introductions

12:50       Planning for Retirement

Suzanne Brown, Suzanne Brown Resources PLLC, Chapel Hill
Thomas E. "Tom" Lenfestey III, The Law Practice Exchange LLC, Cary

Mark A. Scruggs, Lawyers Mutual Liability Insurance Company of North Carolina, Cary
Laura L. Yaeger, Law Office of Laura L. Yaeger, Charlotte
Patrick H. Yanke, Yanke Financial LLC, Raleigh

This panel conversation focuses on creating a timeline for retirement, malpractice tail insurance, financial preparedness and practice valuation/selling your practice.

2:50         Break

3:00         Retiring

Nan E. Hannah, Hannah Sheridan & Cochran LLP, Raleigh
Alisa D. Huffman, Family & Elder Law, Cary
George W. Lennon (retired), Lennon Camak & Bertics PLLC, Raleigh
Nichole P. McLaughlin, North Carolina State Bar, Raleigh

In this session, we explore how to wind down your practice and what opportunities await in retirement. Hear information from the State Bar, discuss health and well-being, and learn how you can stay involved with fellow attorney retirees as you transition into the retirement world.

4:30         Adjourn

†Indicates portion providing Substance Abuse/Mental Health credit


Thank you

Thank you for joining us for Planning for Success: Planning for Retirement and Retiring.

Contributors

  • Suzanne Brown

    Suzanne Brown, Suzanne Brown Resources PLLC, Chapel Hill

    Suzanne is a Licensed Clinical Social Worker and Licensed Clinical Addictions Specialist with 19 years of combined counseling, coaching, and therapy experience. She feels fortunate to inherently see strengths in others, see seeds of hope and possibilities, and connect with people where they are at a given moment in time. Her initial goal in working with individuals, families, and groups is to understand who and where you are now and who and where you want to be. From there, we can move forward in the direction of your goals.

    Suzanne grew up in Greenville, NC and graduated from East Carolina University with a Bachelor of Arts degree in Psychology and minor in Business. Her earlier work experiences were in the areas of behavioral weight management and human resources. She then enjoyed a rewarding 12-year career in financial coaching and professional development.

    Over the years, through a combination of professional and personal experiences, Suzanne developed a strong interest in working with individuals and families impacted by substance misuse, trauma, and ongoing family conflict. This interest led her to graduate school at the University of North Carolina at Chapel Hill, and she graduated from their Masters of Social Work program with a Substance Use & Addictions Specialist Certification. While completing her MSW, she also received extensive training in the family systems model created by the late Virginia Satir. Satir's core philosophy is that positive change is always possible, and this idea serves as the foundation for all of her work.

    Click here for more information about Suzanne.

  • Nan E. Hannah

    Nan E. Hannah, Hannah Sheridan & Cochran LLP, Raleigh

    Nan Hannah discovered early in her career that construction law combined with commercial collections gave her the opportunity to assist her clients while facilitating reasonable outcomes for all parties in a matter. She combines her law practice with a love of research, volunteering in the community, traveling, cooking and being owned by her 10-pound gray tabby, Sasha.

    Following in the footsteps of her father, who was a founder of the construction law section, Nan was destined for a career in the field. A native of Greensboro, NC, Nan served a two-year stint as a research assistant at the North Carolina Supreme Court, where she gained experience in a broad spectrum of legal issues and the appellate process. Thereafter, she spent a short time practicing insurance defense, which proved an effective training ground for civil litigation. For the past 20+ years, Nan has helped clients in the construction industry with lien, bond and collection matters.

    Before attending law school, Nan spent seven years teaching high school social studies while coaching basketball, track and field at Taylor High School in Katy, TX, then at James B. Hunt High School in Wilson, NC. In 1989, Nan was named girls' basketball co-coach of the year for the Big East 3A Conference.

    Click here for more information about Nan.

  • Alisa D. Huffman

    Alisa D. Huffman is owner of Family & Elder Law in Cary. When she plays the gratitude game with her kids, she always lists her educational opportunities near the top. Early in life, she learned that often, good things come from difficult experiences. College was like that. She was able to attend The University of North Carolina at Chapel Hill because of a scholarship from the N. C. Veteran's Administration. This opportunity would not have been possible except for her father's lifelong disability from service in the U. S. Army Air Corps.

    Alisa has always been a person serious about life. As an undergraduate studying psychology and religious studies, she enjoyed exploring some of the big, unanswered questions from her childhood: Is there a purpose and meaning to life? If so, how do we find it? Does suffering pay off? What happens after we die?

    After receiving her B. A. degree in Psychology from UNC, she entered a three-year graduate program at The Southern Baptist Theological Seminary in Louisville Kentucky. At the time she graduated, Southern was the only accredited Master of Social Work program within a seminary. After graduating, she practiced clinical social work for five years before entering law school at Campbell University. Alisa enjoyed practicing law in Wake County before her thirteen-year career as a court manager in state government working with court programs across the state: family courts, custody mediation, drug courts, domestic violence, and alternative dispute resolution.

    Like all of us, the formal hats she wears (social worker, lawyer, court administrator) and informal hats (wife, mother, divorceé, sister, friend and caregiver) are integrated into all that she does. These hats, collected over many years, enable her to help clients grow and evolve through some of the tough transitions in life.

    Click here for more information about Alisa.

  • Thomas E. "Tom" Lenfestey III

    Thomas E. "Tom" Lenfestey III, The Law Practice Exchange LLC, Cary

    Tom is the Managing Member of The Law Practice Exchange, LLC as well as a practicing North Carolina attorney and licensed CPA. Tom's years in the legal world focused on transition and succession planning for other professions including creating, advising and implementing strategic business and estate plans for those clients. In doing so, he came to recognize the lack of knowledge, attention and options that were provided in the legal profession to attorneys for their own practices, specifically in the realm of succession planning and other transition or exit opportunities.

    Click here for more information about Tom.

  • George W. Lennon

    George W. Lennon (retired), Lennon Camak & Bertics PLLC, Raleigh

    Mr. Lennon is a retired Board Certified specialist in Workers' Compensation law who practiced law for decades, and was driven by his desire to advocate for those in need, a legacy that our firm continues to carry on today. Throughout his career, he represented hundreds of victims who were low-balled by the insurance companies to collect the compensation they deserved.

    Mr. Lennon was selected by his peers for inclusion in The Best Lawyers in America, Super Lawyers, Top Attorneys in North Carolina, and Martindale Hubbell Judicial Edition – Highest Possible Rating in Both Legal Ability & Ethical Standards.

    Mr. Lennon is currently retired, and resides in Raleigh, NC with his wife, Betty Anne. They have been involved in numerous civic, professional and community activities by always offering their time and resources to help the greater Raleigh area.

    Click here for more information about George.

  • Nichole P. McLaughlin

    Nichole P. McLaughlin has been employed as a staff attorney with the North Carolina State Bar since June 2004. Originally from New Jersey, she graduated from Drew University with a B.A. degree in English. She obtained her J.D. degree from Seton Hall University School of Law.

    As Assistant Ethics Counsel, Nicole gives informal ethics advice to lawyers about their own future conduct via telephone or email, prepares formal ethics opinions and advises the Ethics Committee. Nichole is also the Judicial District Bar Liaison, a role created to improve communication between the State Bar and judicial district bars.Prior to joining the Bar, she was in private practice for five years with Donaldson & Black, P.A. in Greensboro and handled asbestos workers' comp cases.

  • Catherine Sanders Reach

    Catherine Sanders Reach is the director of the Center for Practice Management at the North Carolina Bar Association, providing practice technology and management assistance to lawyers and legal professionals. Formerly, she was the director of law practice management and technology at the Chicago Bar Association and the director at the American Bar Association's Legal Technology Resource Center. Prior to her work at the NCBA, CBA and ABA she worked in library and information science environments for a number of years, working at Ross and Hardies as a librarian. She received a master's degree in library and information studies from the University of Alabama, Tuscaloosa in 1997.

    Ms. Reach's professional activities include articles published in Law Practice magazine, Law Technology News and GPSolo Magazine, as well as numerous other publications. She has given presentations on the use of technology in law firms for national bar conferences, state and local bar associations, and organizations such as the National Association of Bar Council and the Association of American Law Schools. In 2011, she was selected to be one of the inaugural Fastcase 50 — celebrating 50 innovators, techies, visionaries and leaders in the field of law — and in 2013, she became a fellow of the College of Law Practice Management. In 2015, she was selected to be part of the ABA LTRC's Women of Legal Tech. She served on the ABA TECHSHOW board from 2007 to 2009 and 2014 to 2016, was co-vice chair in 2019 and was co-chair for 2020.

    Follow her on Twitter or connect with her on LinkedIn.

  • Mark A. Scruggs

    Mark A. Scruggs is a Senior Claims Counsel with Lawyers Mutual. He joined Lawyers Mutual in 2001, after practicing law in Durham for 14 years. Mark has served North Carolina lawyers in various capacities with the North Carolina Bar Association and the North Carolina State Bar. In 2019, Mark received the North Carolina State Bar’s John B. McMillan Distinguished Service Award for his service to our profession. 

    Click here for more information about Mark.

  • Laura L. Yaeger

    Laura L. Yaeger is a North Carolina attorney who has been engaged in the practice of law in Charlotte, NC for many years. Her experience includes practice in small, medium and large law firms and with an international accounting firm. She is currently a sole practitioner focusing on estate planning, estate administration and business matters.

    Her civic involvement includes service on the Boards of Women Executives, Metrolina Association for the Blind, RAIN (Regional Aids Interfaith Network), Friends of Fourth Ward, the Charlotte Estate Planning Council and East Mecklenburg High School Foundation.

    Laura is a member of the North Carolina Bar Association, Charlotte Estate Planning Council and the National Association of Estate Planners & Councils. She received her B.A. degree in Political Science from the University of Chapel Hill in 1973 and her J.D. degree from the University of North Carolina at Chapel Hill School of Law in 1977.

  • Patrick H. Yanke

    Patrick H. Yanke is a graduate of the United States Air Force Academy (where he majored in Aeronautical Engineering with a minor in Arabic) and an Air Force veteran. He is often asked to present on financial topics ranging from Saving for the Cost of Higher Education to Retirement and Estate Planning. Quarterly, he presents the “Capital Markets Review” keeping his clients and guests informed on current events as it relates to their financial futures.

    Patrick is a past state president of the Air Force Association, current president of the Air Force Academy Society of NC, and sits on the Industry Advisory Panel for the American Public University System.

    Click here for more information about Patrick.

Retire? Reset? Reinvent? – Planning for the Next Stage of Your Law Practice; A Dynamic New e-book for Planning for the Next Stage of Your Law Practice


The recently revised and retitled Retire? Reset? Reinvent? – Planning for the Next Stage of Your Law Practice, a publication of the NCBA Professional Vitality Committee, provides practical resources to aid lawyers who stand on the threshold of such transitions. Whether looking forward to a season of well-earned rest, taking on a different role within the profession, or trying an entirely different vocation, the e-book enables attorneys to prepare for and walk into the next stage in their lives with confidence that they have protected their clients, themselves and their families, and met their obligations to colleagues and the bar.

Building on the prior version of the e-book, originally titled Turning Out the Lights, the new publication addresses the ethical and practical issues that accompany various career transitions, such as selling or closing a law practice, taking a sabbatical or other extended leave, or accepting an "of counsel" role. It also provides guidance and resources for those who might be called upon to oversee the winding up of a practice following an unplanned transition, such as a lawyer's unexpected death. Relevant Rules of Professional Conduct are discussed, and sample checklists, pleadings, orders, and correspondence are provided.

The e-book contains useable hyperlinks and forms, making the sample material easy to download and use. The fully digitalized format facilitates periodic updates as well as further exploration of transition-related topics relevant to a broad spectrum of legal professionals at various career stages, not only senior lawyers.

A generous grant from the North Carolina Bar Foundation has enabled publication of the e-book in electronic format. This makes the resource immediately accessible, free of charge, via the Bar Association website and as part of today's program materials.

April 14, 2021
Wed 12:45 PM EDT

Duration 3H 45M

This live web event has ended.