The Advisor Team
As I am writing this post, the Heat and the Spurs have just finished their hard fought seven game battle in the 2013 NBA Finals. It appeared in game six that it was the Spurs championship for the taking, but in the end they just didn't have enough to hold off the amazingly talented Heat. While I must confess that I am not a big fan of the Heat, there is no doubt they have been able to assemble a great team.When it comes to planning - whether it is estate planning or business exit planning, the importance of assembling a great team cannot be underestimated. Some advisors believe they can service all the needs of a client by themselves; dispensing all of the financial, legal, tax, insurance and any other needed advice and services. While these may be very talented and capable individuals, I believe such an approach is a mistake. By putting together a "team" you get the combined talent, wisdom and experience of several individuals. As talented as any one player on the Heat or Spurs may be, that individual could never match the combined talents of the other team.Planning cannot be done in a vacuum. The parts of the plan must work together. Therefore, your advisor team must work together. If you do not have all the players in place, your accountant, attorney or other advisor should be able to help you assemble your championship team. Remember T.E.A.M. - Together Everyone Achieves More.