WealthCounsel's new upgrade for doc-drafting system

Thomas Coyle

7 August 2009

WealthDocx supposed to help estate attorneys work more efficiently. WealthCounsel, a provider of tools and technology to estate attorneys, is out with a new version of its document drafting software. WealthDocx 7 is meant to help estate-planning lawyers draft wills, trusts, partnership agreements, LLC-operating agreements, and business-succession and charitable-planning documents.

The software includes state-specific templates.

"WealthDocx7 takes the leading document drafting system in the industry and makes it even more powerful," says WealthCounsel's executive director Matt McClintock. "Our drafting system continues to improve dramatically, both from the perspective of the end user's experience and in the consistency and substance of the system."

With an X

Among the updated application's new features are a more streamlined interview and reference interface, an updated irrevocable-trust system with a "highly sophisticated" domestic asset-protection trust assembly, integrated tutorials and a n improved "help" system.

WealthCounsel claims its WealthDocx is unique in the U.S. estate-planning "space because it is the only document-drafting software that leverages the collaborative input and expertise of thousands of users throughout the country."

In addition to the WealthDocx document-drafting system, Madison, Wisc.-based WealthCounsel provides its 2,000 or so member attorneys with continuing legal education, practice resources and discussion forums.

WealthCounsel's sister companyAdvisors Forum offers practice-building resources to financial professionals and other estate-planning team members. Its ElderCounsel affiliate provides a document-drafting system and other resources specifically for attorneys who specialize in elder law and special-needs planning.

The WealthDocx software series used to be called WealthDocs. -FWR

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