Estate Planning

Estate Planning as an Added Benefit for Your Clients: Complete Financial Wellness for Advisors

Apr-24 2024

As a financial advisor, you understand the importance of building strong relationships with your clients. You work hard to help them achieve their financial goals and provide guidance on investments, retirement planning, and more. But have you considered the added value that estate planning can bring to your relationship with clients?

Estate planning is a vital component of any comprehensive financial plan, but it's often overlooked or put off until it's too late. By incorporating estate planning into your practice, you can offer your clients a valuable benefit that sets you apart from other advisors and strengthens your relationship with them.

One way to make it easy and accessible for your clients is through an online service like GoodTrust where they can easily create a will, trust, POA, living will and series of directives right there in the office with you. They can also utilize the Digital Vault to seamlessly share documents or relevant assets with you as the advisor, or with other family members.

One of the key benefits of estate planning is that it helps clients protect their assets and provide for their loved ones. By taking a proactive approach to estate planning, you can help your clients minimize their tax liability, avoid probate, and ensure that their assets are distributed according to their wishes. This can provide peace of mind and financial security for both your clients and their families.

In addition, estate planning can help you build a deeper and more meaningful relationship with your clients. By discussing their goals and priorities for the future, you can gain a better understanding of their needs and concerns. This can lead to more personalized and tailored advice, as well as a stronger sense of trust and rapport.

Moreover, estate planning is an ongoing process that requires regular updates and adjustments which GoodTrust allows at no additional cost throughout their membership. By staying involved in your clients' estate planning over the years, you can continue to provide value and strengthen your relationship. This can help build client loyalty and lead to referrals and new business.

To learn more about how to provide comprehensive financial planning that includes estate planning, visit GoodTrust and help your clients achieve their goals and protect their assets, while also building a strong and lasting relationship.