It is common for people to put off making important estate planning decisions. “A 2015 survey by CNBC showed that 38 percent of individuals with investable assets of $1 million or more have not consulted with a financial professional to establish an estate plan.” This article discusses some of the common reasons why people avoid estate planning. Advisers should convince clients to set up an estate planning by outlining the benefits to them. There are a myriad of issues that the financial adviser will need to go over with the client which are discussed in this article. It discusses some of the key elements of the estate plan that the adviser should help their clients identify. This article also describes the process of creating and updating an estate plan. An estate plan is a good way to make sure that clients are able to fulfill their wishes and provide for their loved ones.
See Robert Warner, A Guide To Helping Clients Complete Their Estate Plans, Wealth Management, April 28, 2016.
Special thanks to Jim Hillhouse for bringing this article to my attention.
