Family First Firm: Guiding Families Through the Complexities of Aging and Asset Protection

“Get a mentorโ€”someone whoโ€™s been where you are and can offer insights to keep you moving forward.”

Geoff Hoatson
CEO
Orange County
Year Founded: 2009
Industry: Legal Services
Revenue Growth: 46%

Family First Firm began as a necessity during the economic recession of 2009, a time when the job market for attorneys was bleak. Geoff Hoatson had recently closed on his first home when the firm he was working for went out of business. With limited job opportunities, Geoff decided to start his own firm. Initially, he saw this as a temporary solution, but over time, he discovered a passion for the business side of law. โ€œAfter a bit, I realized I enjoyed the business aspect just as much, if not more, than the legal work,โ€ Geoff recalls. This revelation transformed his โ€œplaceholderโ€ firm into Family First Firmโ€”a trusted name in elder law and asset protection.

A Team Culture Built on Client Care

At Family First Firm, the culture is driven by a strong commitment to clients and a supportive, collaborative team environment. Geoff explains, โ€œWeโ€™re big on taking care of our clients as well as ensuring a great experience for our team.โ€ The team is guided by core values that reflect the firmโ€™s approach to both challenges and client relationships: everything is figure-outable, continuously growing, doing the right thing, and owning it. These values are central to the firmโ€™s identity, shaping how the team works together and serves their clients with dedication.

Family First Firm stands out for its expertise in helping seniors protect their assets while navigating the complexities of Medicaid and long-term care expenses. Geoff explains, โ€œLong-term care is the biggest financial risk for seniors, and weโ€™re here to help them get the care they need while preserving their assets.โ€ Family First Firm has developed a unique ability to navigate the complex requirements for government benefits quickly and effectively. This dedication to serving seniors and their families has allowed the firm to achieve exceptional results.

As with any entrepreneurial journey, Geoffโ€™s path has been filled with challenges. From growing the team to finding the right office space, Geoff has tackled each obstacle head-on, learning valuable lessons along the way. โ€œI wish I could learn from other peopleโ€™s mistakes, but Iโ€™ve found that, apparently, I have to learn the hard wayโ€”through my own missteps,โ€ he says. Despite these hurdles, Geoffโ€™s resilience and commitment to growth have propelled Family First Firm forward, helping him build a company that makes a lasting impact in his community.

Family First Firmโ€™s dedication to the community extends beyond its legal services. The firm partners with long-term care facilities and elder care organizations across Florida to provide valuable resources and information to families facing the challenges of aging. Geoff also actively participates in professional groups like Vistage and the UCF Small Business Development Center, where he engages with other business leaders to support Floridaโ€™s economic growth and share insights that can benefit the next generation of entrepreneurs.

Advice for Aspiring Entrepreneurs

For Geoff and his team, being recognized as a GrowFL Florida Companies to Watch 2024 honoree is an acknowledgment of their hard work and the impact theyโ€™re making. โ€œThis award reflects our teamโ€™s tenacity and the difference weโ€™re making in peopleโ€™s lives,โ€ he shares. Geoff views the firmโ€™s success as a measure of the positive impact theyโ€™re having on families and the local community, as they work to protect assets, secure care, and provide peace of mind to seniors and their loved ones.

Geoffโ€™s advice to those starting their entrepreneurial journey is both practical and insightful: โ€œGet a mentorโ€”someone whoโ€™s been where you are and can offer insights to keep you moving in the right direction,โ€ he advises. Drawing from his own experiences, he also emphasizes the importance of focusing on marketing and sales, especially in the early stages. โ€œA great product or service doesnโ€™t sell itself; you need to ensure people know about it and then help them see the value in it.โ€ Geoffโ€™s emphasis on building relationships and seeking guidance has been instrumental in Family First Firmโ€™s success.

About GrowFLโ€™s Programs

GrowFL Florida Companies to Watch (FLCTW)

The Florida Companies to Watch program, hosted annually by GrowFL, celebrates top second-stage companies across the state for their impressive growth and entrepreneurial success. This prestigious program recognizes 50 standout businesses each year, chosen from hundreds of nominees. Honorees are celebrated for their innovation, economic impact on Florida’s economy, and the ability to scale effectively. Through FLCTW, GrowFL not only acknowledges these companies’ achievements but also brings them into a spotlight that enhances their visibility in the marketplace. The event offers an extraordinary opportunity for networking, sharing best practices, and gaining exposure to potential investors and partners, making it a cornerstone for fostering business growth and recognition within Florida’s vibrant business community.