Chevy Chase Trust’s Post

Just as you cannot make heaven wait indefinitely, neither should you delay your estate planning. Last week, I met with a client who is a medical doctor. GPs tend to make excellent clients for us financial planners by the way, and he is no exception. He enjoys investing and has placed investments both directly and in financial products in SZ and RSA. Four years ago, I observed that his estate was substantial and likely to grow further, so I recommended he consider estate planning. Understandably, he was initially uncomfortable with the idea, just like many people are to think about anything that involves their own death. We, therefore, left the conversation hanging. When he expressed readiness to begin estate planning last week but was unsure where to start, I shared our Estate Planning Guide (see screenshot below) with him and assured him that I will be with him in every step as his financial planner. When you engage us for any of your financial planning needs, you are guaranteed attention, competence and professionalism. The CFP® mark is the global standard in financial planning, and with us, you have this level of expertise right at your doorstep.

Estate planning is a critical component of financial planning that extends far beyond drafting a will. This short guide provides insights into why estate planning is essential and how financial advisors and RIAs can assist clients in managing this intricate process. Effective estate planning ensures that clients' end-of-life wishes are honored and their assets are managed according to their preferences. https://hubs.la/Q02KYXnf0

📣 Calling all financial planners! Incorporating estate planning into your client conversations can significantly benefit both you and your clients by maximizing asset value, reducing tax burdens, providing peace of mind, and strengthening client relationships. If you’re an Arizona financial planner, we’d be happy to sit down with you to discuss estate planning basics and how they impact your clients’ financial wellbeing.

As your financial advisors, the MFP team can help identify risks, prioritize next steps, and prepare for any costs related to the estate-planning process. To help get you started on the right track, here are three strategies for estate planning.

As a Liberty Financial Advisor, I am constantly reminded of the importance of estate planning in securing a bright financial future for both yourself and your loved ones. Too often, individuals ignore this crucial aspect of financial planning, only to regret it when unexpected circumstances arise. Estate planning is not just for the wealthy or elderly, it is a necessary step for anyone who wants to ensure their assets are protected and their wishes are carried out after they are gone. By creating a comprehensive estate plan, you can have peace of mind knowing that your loved ones will be taken care of and your legacy will be preserved. I cannot stress enough the importance of working with a professional financial advisor when it comes to estate planning. We have the knowledge and experience to guide you through the process, making sure that your wishes are clearly outlined and legally binding. So, don't wait until it's too late. Start planning for your future today and take the necessary steps to secure your legacy. Trust me, you will thank yourself.

David Tanti said it best: financial planning and estate planning are two peas in a pod. Advisers need estate planning, and moving the needle on estate planning depends on advisers. David offers more color and prescriptive advice in his recent byline in WealthManagement.com. Click here for the full piece: https://lnkd.in/ezMUbqrx

If you’re a financial advisor, you know your clients don’t typically state their true values and long-term goals outright… but an estate planning discussion can encourage them to share. Engaging in estate planning conversations reveals deep insights into your clients' motivations, aspirations, and personal histories. These discussions go beyond numbers, helping you understand what truly matters to them. By exploring the “why” behind their financial decisions, you help them think about their long-term goals and legacy. Whether it's securing their children's education, achieving dreams they feared they couldn’t realize, or supporting their families, these conversations provide clarity and direction. Understanding your clients' deeper motivations fosters a stronger, more personal connection. This not only makes your advisory role more impactful but also builds trust and empowers you to offer tailored advice that resonates with your aspirations and values. After all, estate planning isn’t just about managing assets; it’s about understanding and supporting your clients' true values and long-term visions. My recommendation? Use these meaningful conversations to surface your clients’ deeper drivers. With these insights, you’ll be able to build lasting relationships and help guide your clients towards a secure and fulfilling financial future.

Our newest article shares how a financial advisor can help you craft your legacy. Key takeaways: - Your financial advisor simplifies the estate planning process for you. - It's important to involve family members and seek expert advice for comprehensive planning. - Collaboration between your financial advisor and an estate planning attorney empowers you to ensure your legacy is preserved according to your wishes. https://lnkd.in/gg6tYBBW

Estate planning is an important part of developing a financial strategy, yet it’s often overlooked. Here’s what you need to know so that you can determine how it may apply to you.

Estate planning is an important part of developing a financial strategy, yet it’s often overlooked. Here’s what you need to know so that you can determine how it may apply to you.