For financial advisors and financial institutions, National Make-A-Will Month offers a unique opportunity to deepen client and member relationships, provide valuable guidance, and enhance your brand by incorporating estate planning into your services. With our Financial Advisor portal, you can easily guide clients through the estate planning process, helping them create or update their Wills. This not only strengthens your relationships but also positions you as a comprehensive financial advisor. With 68% of Americans without a Will, this month serves as a reminder to your clients and members to take action.
Myth: Only the Wealthy Need Estate Plans
Reality: Estate planning is essential for clients and members at all income levels. Advising clients and members to protect their assets, no matter the size, ensures their wishes are honored and legal complications are minimized.
Myth: Estate Planning Is a One-Time Event
Reality: Clients and members often think estate planning is a once-and-done task. In reality, it requires ongoing review and updates as life circumstances change, such as marriage, divorce, or the acquisition of new assets, etc.
Myth: Estate Planning Has to Be Expensive
Reality: With the OneDigitalTrust platform, we offer comprehensive estate planning to your clients and members without the hefty price tag. With transparent costs and a user-friendly interface, we can ensure they will get the best value for their investment.
Myth: Clients Don’t Ask Advisors About Estate Planning
Reality: Research shows that 93% of clients expect estate planning advice from their financial advisor, but only 22% receive it. Also, 66% of children change financial advisors after inheriting wealth. OneDigitalTrust strengthens client relationships and uncovers new opportunities.
As we observe National Make-A-Will Month, it’s the perfect time to reinforce the importance of estate planning to your clients and members. By dispelling myths and offering accessible, effective solutions like the OneDigitalTrust platform, you can help ensure that everyone, regardless of wealth or stage in life, has a plan in place. Let’s use this opportunity to build stronger, more informed relationships with those we serve, and make a meaningful impact on their financial well-being.