Empower Your Team with a New Employee BenefitAs times evolve, employees' wants, needs, and expectations do as well. While employers have long provided health and financial benefits, the need for estate planning benefits is growing. According to Wealth’s “State of Estate Planning Report,” only 13% of employees currently receive estate planning services as an employee benefit. With just 1 in 3 Americans having an estate plan, it's time to prioritize the future of individuals and their families by incorporating this essential benefit into your portfolio.
Individualized Estate Planning: Why Joint Wills Fall Short Estate planning is a vital process that allows individuals to determine how their assets will be distributed after their passing. While joint wills may seem like a convenient solution for couples, they often come with significant drawbacks. In this article, we will explore the pitfalls of joint wills and why individual estate planning is crucial for ensuring your wishes are accurately reflected and carried out.
Unlock Success: How GoodTrust Empowers Financial AdvisorsIn the dynamic world of financial advising, staying ahead of the curve and offering comprehensive solutions to clients is crucial. As the need for efficient estate-planning services grows, financial advisors can benefit greatly from partnering with GoodTrust. In this article, we will explore why GoodTrust is a valuable fit for financial advisors, offering a range of advantages that can enhance client relationships, streamline processes, and provide a competitive edge.
Organize Your Documents Digitally - You'll Be Glad You DidIn today's digital age, organizing your documents digitally is not only convenient but also essential for efficient and secure management of your important information. Embracing digital document organization can save you time, reduce clutter, and ensure easy accessibility. And that includes all estate-planning documents that previously exist or are created in a digital format.
What Happens to Your Online Accounts When You Die?Recent surveys found that we each have an average of dozens of online accounts with multiple passwords - from those we use everyday to those we created as a free trial - but what happens to those accounts after we die varies greatly. Do you know what happens to your digital stuff after you die?
GoodTrust, Association On Aging In NY State Produce Joint WebinarGoodTrust is excited to produce an upcoming estate-planning webinar, May 4, for the Association on Aging in NY State as part of its Lunch & Learn series. The webinar will target the hundreds of small businesses, nonprofits, and other organizations that are empowered to promote independence, preserve dignity, and advocate on behalf of aging New Yorkers and their families. It's also open to anyone to join and please reach out to [email protected]
Estate Planning and Taxes, the Perfect PairWhile it's not exactly the most exciting time of year, it's a good opportunity to take a closer look at your finances and ensure that you're taking advantage of all the tax breaks available to you. But tax season isn't just about filing your taxes - it's also a good time to think about estate planning.
Protect Your Assets: A Guide to Funding Your TrustFunding a trust is a critical step in estate planning. A trust can be an excellent way to manage your assets during your lifetime, protect them from creditors and lawsuits, and ensure that they are distributed according to your wishes after your death. But for a trust to work effectively, it must be funded properly.
How To Immediately Avoid These Top Estate-Planning MistakesEstate planning is an essential process that allows individuals to manage and distribute their assets upon their death. While this is important in making sure your finances and assets are passed along, unintentional mistakes can lead to legal battles, confusion, and financial losses. In this article, we will discuss some of the top mistakes made in estate planning and how to avoid them.
Estate Planning: A Modern Benefit for Financial Wellness, Employee Retention, and Talent AcquisitionAs an employer, you want to provide your employees with benefits that matter to them. Health insurance, retirement plans, and vacation time are among the most popular and are all great benefits to offer, but have you considered the importance of estate planning? Many overlook this crucial aspect of financial wellness, but it can have a significant impact on the lives of your team and their loved ones.
Empowering Women Through Estate Planning - For Generations To ComeAs we celebrate International Women's Day, it's important to reflect on and celebrate the critical role that women play in estate planning. Estate planning is not just about passing on assets and property after death, it's also about ensuring that your legacy is preserved and that wishes are respected. According to the National Alliance for Caregiving, women provide 60% of caregiving for family members, but only 55% of women have a comprehensive estate plan, compared to 74% of men.
By Robyn Sechler
How to Choose the Right Trustee for my Estate PlanChoosing the right trustee for your trust is a crucial decision in estate planning. A trustee is responsible for managing the trust's assets and ensuring that the terms you defined in the trust are carried out the way you want. The trustee you choose will play a significant role in the success of your estate plan, so it's important to choose someone who is trustworthy, competent, and has your best interests in mind.