Estate Planning: A Modern Benefit for Financial Wellness, Employee Retention, and Talent Acquisition

Estate Planning: A Modern Benefit for Financial Wellness, Employee Retention, and Talent Acquisition

As 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.

Estate planning is the process of organizing your assets and making a plan for how they will be distributed after you pass away. It involves creating a will or trust, designating beneficiaries, and making important decisions about your healthcare and finances in case of incapacity. At GoodTrust, we also offer the opportunity to preserve and pass on your digital life - a feature that is unique to us and also something that will continue to grow over time.

Why estate planning matters for your organization:

Enhances Employee Retention: By offering estate planning as a benefit, employers can demonstrate their commitment to the well-being of their employees, increasing employee loyalty and retention.

Attracts Top Talent: Providing estate planning as a benefit can set an organization apart from its competitors and attract highly qualified candidates who are looking for an employer that cares about their financial wellness.

Boosts Employee Productivity: By reducing financial stress and providing employees with the tools to plan for their future, estate planning can increase employee productivity, engagement, and focus.

Differentiates from Competitors: Offering estate planning as a benefit can set an employer apart from competitors who do not offer such services, helping to attract and retain top talent.

Demonstrates Corporate Social Responsibility: Offering estate planning as a benefit aligns with an organization's corporate social responsibility initiatives, demonstrating their commitment to improving the financial wellness of their employees and their families.

Why estate planning matters for your employees:

Peace of mind: By having a solid estate plan in place, your employees can have peace of mind knowing that their wishes will be carried out and their loved ones will be taken care of after they're gone.

Minimizing legal fees and taxes: Estate planning can help minimize legal fees and taxes for both the employee and their heirs, allowing more of their assets to be passed down to their loved ones.

Protecting their assets: A well-crafted estate plan can help protect assets from creditors, lawsuits, and other potential threats.

Protecting their family: Estate planning can ensure that minor children are taken care of and that their assets are managed responsibly until they come of age.

At GoodTrust, we offer an online will and trust-based estate plan for families. Our service is fast, easy, and affordable, making it accessible for all of your employees. With our online platform, your employees can create a comprehensive estate plan from the comfort of their own homes, without having to spend hours in an attorney's office.

By offering estate planning as a benefit to your employees, you're showing them that you care about their long-term financial well-being and providing them with a valuable service that can have a significant impact on their lives. It's a benefit that sets your company apart from the competition and can help you attract and retain top talent.

To learn more about our online estate planning services, visit our website or contact us today. Your employees will thank you for it!