Estate Planning/Trust Exchange

Estate Planning Offers an Immense Opportunity to Advisors

We know that more than 50% of Americans think that estate planning is at least somewhat important. We also know that only about 1/3rd of Americans actually have a will or living trust.1

What does this have to do with advisors?
93% of clients expect their advisor to provide them with estate planning advice.2

Your clients likely know estate planning is important, they may not have done anything about it, and they want to turn to you for advice. In this video, I talk more about the huge opportunity this presents to advisors.

On October 20th, join Envestnet | MoneyGuide and Trucendent to gain insight on important trust and estate planning strategies to review with your clients. We will discuss trust types to consider and use software to illustrate how they may impact a client’s plan. Additionally, learn how you can protect your client’s beneficiaries and legacy by surrounding yourself with the proper team of professionals.

Register for the webinar today.

Learn more about how Envestnet helps advisors to help their clients protect their legacy at https://www.envestnet.com/wealth-solutions.

Sources:

1. Daniel Cobb, “Caring.com’s 2022 Wills Survey Finds That 1 out of 3 Americans Without Estate Plans Think They Have Too Few Assets to Leave Behind,” Caring.com, https://www.caring.com/caregivers/estate-planning/wills-survey/
2. “Market Insights 2022,” Spectrem Group, https://spectrem.com/Content_Product/market-insights-2022.aspx

The information, analysis and opinions expressed herein are for informational purposes only and do not necessarily reflect the views of Envestnet. These views reflect the judgment of the author as of the date of writing and are subject to change at any time without notice. Nothing contained in this piece is intended to constitute legal, tax, accounting, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type.

The Envestnet Trust Services Exchange has been created in partnership with Trucendent, a provider of tools for enabling advisors to strengthen their understanding and use of trusts in estate planning. Envestnet is not a law firm and as such, does not provide legal or regulatory advice or opinions to any party or client. You should always consult your relevant regulatory authorities or legal counsel as applicable. Envestnet, Inc. has a financial interest and occupies board of director positions in Trucendent.

Written by

John is the Founder and Chief Executive Officer of Trucendent. Trucendent was built for financial advisors and has modernized the delivery of estate planning and the use of trusts. Trucendent’s business solution combines technology with a professional network of attorneys and corporate trustees for financial advisors. Advisors can now capture new assets and extend relationships with this integrated offering. We have the largest intergenerational wealth transfer approaching. Combined with the fact that over 80 percent of heirs terminate the relationship with the advisor after that transfer, Trucendent strives to arm the financial advisor with the tools and skills needed to retain and grow their business. Before founding Trucendent, John was Head of Strategic Initiatives at Envestnet. He was instrumental in leading strategy, business development, advisor adoption, and growth strategies at Fiduciary Exchange, LLC (FIDx) and Advisor Credit Exchange (ACE). Prior to that role, John was Head of Institutional Business Development at Envestnet and led all new business development activities, had oversight of the bank strategy, and helped to create the OneWealth initiative.

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