Digital Estate Planning Rounds Out Financial Advisors’ Wheelhouse

4 MINUTE READ TIME
The estate planning process is daunting on an emotional and practical level. It’s also costly, with a maze of legal documentation and pricey lawyers. Digital estate planning tools are revolutionizing the field; they offer a more accessible, streamlined and cost-effective approach for financial advisors to guide their clients. For financial advisors taking on estate planning, […]
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3 Rs to Prevent Elderly Financial Abuse: Red Flags, Relationships and Respect

4 MINUTE READ TIME
Consider financial education comprehensively for National Financial Literacy Month Recent lawsuits point to both the vulnerability of many older Americans to the scourge of online financial fraud and the opportunity that engaged financial services providers have to help thwart such pernicious crime. Two such complaints are against a top 5 bank, which is accused of […]
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Break the Habit: Digital Estate Planning as an Essential Tool and Differentiator

4 MINUTE READ TIME
The time and complexities involved in providing estate planning have long made it an outlier as a service. Investment advisors and wealth managers at traditional credit unions, banks, insurers and other financial services providers have been relegated to the sidelines as they refer their clients, customers and members to attorneys, as is the typical practice. […]
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Digital Estate Planning Empowers Your Customers to Avoid These 3 Mistakes

4 MINUTE READ TIME
Estate planning is a task easily set aside amid the demands of daily life. But life will indeed end, and your customers should have a proper estate plan in place. Even when their assets are modest and require a simple will, it is crucial for every working adult who would like to ensure what happens […]
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Mourning Has Multidimensional Costs – How Effective Estate Planning Can Ease Some of the Stress

3 MINUTE READ TIME
Effective estate planning is crucial to the people your bank, credit union, financial advisory or other financial services company serves, whether they have come completely to grips with that reality or not. Having the right plans in place helps reduce the burden that loved ones bear in settling an estate and can significantly reduce the […]
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Finding Opportunity in 2024’s Challenges to Non-Interest Income

4 MINUTE READ TIME
Through years of falling interest rates that dramatically compressed net interest margins, credit unions and banks learned to lean into non-interest income to keep the balance sheet, well, balanced. Debit and ATM transaction fees and overdraft and Not Sufficient Funds (NSF) charges have become particularly important, especially as account maintenance fees such as monthly service […]
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Estate Planning Finds Purpose-Driven Entrepreneurship in Rocky Mehta

4 MINUTE READ TIME
Sadly, most Americans have not done their estate planning or have let it get out of date. That is part of the impetus for CEO Sonny Kapoor and co-founder Rocky Mehta to found OneDigitalTrust, a pioneering digital estate planning service, to help spare families during their darkest time, the complex and costly work of dealing […]
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Why is it important for credit unions to ensure members have a will or trust?

4 MINUTE READ TIME
A death in the family ushers in a time that can be fraught with trauma and confusion. Questions around how to distribute that loved one’s assets via a will or trust, and who’s in charge of doing that, can be a particularly volatile part of the problem, even with modest estates. Credit unions have always […]
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Credit Unions Have Education and Opportunity Around Estate Planning

4 MINUTE READ TIME
Death and taxes are two of life’s inevitabilities for credit union members and everybody else. But being prepared is optional, and that means opportunity for member-owned financial cooperatives to help make a difference when it comes to members’ estate planning. A recent survey of more than 2,400 American adults conducted by YouGov for Caring.com found […]
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Why Executors & Advisors need to be concerned about undue Influence leading to (financial) elder abuse

4 MINUTE READ TIME
The Problem The population in the U.S. is aging rapidly with the 65+ age group poised to double within the next 20 years. An unwanted, yet invariable side-effect is that the occurrences of (financial) elder abuse will also experience a remarkable increase. As the level of incapacity progresses among the seniors in our population they […]
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