Legal Awards 2020
6 Acquisition International - Legal Awards 2020 shared history, values, and memories. Ninety percent of the trust cases which Mr. Long litigated prior to founding Regnum Legacy had to do with some offense committed by another family member, which violated one or more of the family values or principles. Mr. Long recalled, “clients often came to my office not concerned about the money; they were concerned about the ‘principle’ of the matter. In other words, they were offended that the family member violated a family value, or their loved ones’ set of beliefs about what should happen after they are gone.” It was only after dealing with so many of these kinds of conflicts that it dawned on Mr. Long, that the principles, values, beliefs, and shared history is what matters most to some families. So, upon founding Regnum Legacy and remembering these conflicts and disputes, Mr. Long has worked hard to ensure that his firm has systems that are able to adequately capture these memories, values, and shared history in what is called the Life and Legacy Questionnaire. What happens upon completion of the questionnaire is that Mr. Long and his team take the responses and transform them into a Life and Legacy Book, or video if the clients prefer that, which can be passed down to future generations. The transfer of memories, values, and principles is what makes a community so strong, and Regnum Legacy understands that it is an equally important part of family life. The firm itself has always been founded on Catholic social teaching, and those teachings themselves have always helped form a lot of the business choices, mission goals, and core values. Regnum Legacy is based on three core values, which are authenticity, innovation, and compassion. Firstly, true authenticity itself is made up of three components, and they are honesty, humility, and faithfulness. In order to be truly authentic, a company needs to be honest about who they are, accept who they are in humility, be faithful to who they are, and what their values are. If any one of these is lacking, then the company begins to slip away from true authenticity and become something more corrupt. In Mr. Long’s words: “Regnum Legacy, does not try to be everything to all people. Instead, we are honest about what we are; an estate planning law firm. At our core, our mission is to protect and serve families.” That is the firm’s sole focus, and it does not try to be anything different. It accepts that it is an estate planning law firm in humility, recognizing that there are many great firms and estate planning ideas that can be learned and incorporated into its practice of law. The second core value is that of innovation, and for Regnum Legacy, that means not only finding new ways to deliver services, but also identifying persistent unsolved problems and then discovering new solutions. The third thing that the firm does to stand out from other law firms is that it makes sure that the estate plans that are drafted are not only legally sound, but that family members know what to do and how to use it.
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