Our Thoughts

It’s funny what people remember. 

I just got off the phone with a client for whom I had done quite a bit of work ten years ago. We have a new, complex transaction and he told me exactly what he did, saying “I left elephant tracks”.

One of our office rules at DanyiLaw is leaving elephant tracks. In other words, in estate and financial matters, it’s important to leave a clear trail of exactly what you did, especially if you are a fiduciary handling somebody else’s money. When you pick up your file a week or a year from now, you don’t want to have to try to figure out what you were thinking, let alone what you did.

If you are an agent under POA for an aging relative, an executor of an estate, or even for your own purposes, keeping detailed records is a good policy.

So, I always tell my clients to leave elephant tracks in their files and I’m delighted when they remember the catchy little name for the concept.