Saturday, June 30, 2018
Advisors are bringing a new holistic approach to the table, but high-net worth clients say that they would like to speak more with their financial advisors on a couple of topics they find important. Only 48% of clients said they’re currently discussing estate planning with their advisor and only 16 percent were discussing strategic philanthropy according to the recent U.S. Trust’s 2018 Insights on Wealth and Worth study.
Digital personal archival service Everplans has now followed in the footsteps of social media sites and implemented a feature that allows users to designate certain sections of the plan to be shared only upon Everplans’ receiving a notification of death. The user would designate an "unlocker" who would not be required to provide a Social Security notice or a death certificate. Financial records, wills, and other accounts passwords are a few sections that can be chosen to remain locked until other notice.
See Advisors Fail to Cover These Key Topics with Clients, Wealth Management, June 26, 2018.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.) for bringing this article to my attention.