Topics to touch on include fitting the estate plan within the context of the investor’s overall financial plan.
“With $22 million in exemptions, it’s not so much of a tax issue as it used to be,” said Brent Brodeski, a panelist and CEO of Savant Capital.
“It’s really helping to coach people through important decisions: How to make sure money isn’t squandered and aligning assets with values and visions,” he said.
That also means reviewing beneficiary designations and questioning the trustees named within the estate plan. “It’s reprogramming clients,” said Brodeski. “Do you want really want to have that kid in charge?”
Advisors can also impart their investment management expertise when reviewing clients’ estate plans.