Whatever the age or history of a client, at this point in life, they have already built an estate, or are in the course of doing so. Their estate – everything they own, less everything they owe – reflects who they are and what they have achieved. Their estate defines them.
Currently, clients use their estate’s assets to live off and enjoy. It’s a work in progress which one day they’ll want to pass on. When they think this way, they are thinking “estate planning”.
Consider this: every item in their estate (bank accounts, investments, home, vehicles, valuables, cash flow) has important documentation, as well as written and verbal information relating to it. This may be in the form of a Will, Power of Attorney, Deed of Enduring Guardian, special receipt, ‘secret’ numbers, and passwords. In short, all items in their estate comprise both documents and crucial information, and if they don’t clearly inform loved ones – and their executor – they’ll be leaving family members more of a mess than a bequest.
Don’t let it happen to your clients.
Their estates are made up of material things. Their legacies are what people will remember. As a member of the advice professions, you have the power to make that a very positive outcome. We at Now Sorted support you to make that a reality.