How to Market Estate Planning to Millennials
|
|
- Bryan Jacobs
- 5 years ago
- Views:
Transcription
1 How to Market Estate Planning to Millennials America s largest generation is about to become your most valuable estate planning demographic 1 Defining a Millennial 2 Why Millennials are an Emerging Market 3 How to Speak Their Language 4 Protecting Digital Assets 5 Marketing Estate Planning Services Defining a Millennial If you re an employer, a parent, or both, then it will come as no surprise to you that Millennials are a little different than previous generations. Most don t prioritize the same traditional values as your generation or those of their parents and grandparents. The stereotypical Millennial is tech savvy, entrepreneurial, and socially conscious. On the downside, many people associate Millennials with job hopping, instant gratification, and sometimes, poor work ethic.
2 The reality is that while these twenty- and thirty-somethings value work-life balance and collaboration, many are also saddled with student-loan debt and are slower to marry, have children, and buy homes than previous generations. According to a 2014 Gallup poll, only 27% of Millennials were married compared to 36% of Gen Xers and 48% of Baby Boomers when they were the same age.
3 Millennials settle down later than previous generations, and they re also waiting longer to consider estate planning. But despite the public perception, this generation is growing up fast, and for a large segment of it, the time to create a will or trust is now. The key to capturing the Millennial market is speaking their language and conveying the value of an estate plan. This guide explains why the largely untapped Millennial market presents opportunity for estate planning attorneys and how to convey the value of estate plans to this unique generation. Why Millennials are an Emerging Before we get specific about Millennials, let s be clear: you shouldn t eliminate any demographic from your list of potential estate planning clients. Nearly every person has reason to consider estate plans. Proper estate planning can help people achieve many goals, including: Designating a guardian for children Ensuring homes are transferred to designated beneficiaries in the event of death Keeping a business in family hands throughout generations Protecting your family assets in the case of future divorces Avoiding probate Maintaining privacy of assets since trusts are not public records Making provisions for digital assets/online accounts In particular, Millennials are a valuable market to tap into for estate planning attorneys. The demographic now represents more than a quarter of the U.S. population. In the coming decades baby boomers the country s wealthiest generation are expected to transfer $30 trillion to Gen Xers and Millennials, according to CNBC. That means millions of young people will inherit significant wealth. These young adults can benefit greatly from an estate plan. As an estate planning attorney, you should be ready to capture this demographic. Fortunately, it seems that this generation understands the value of attorneys in the estate planning process: 73% of Millennials think an attorney is an essential element in creating an estate plan.
4 How to Speak Their Language Many Millennials adopt a forever young mentality and, for better or worse, rarely consider the prospect of death. That s understandable for the young and healthy. To connect with Millennials, it is important to explain why estate planning is beneficial and why even the young and healthy need to plan for the future. Whether they believe it or not, Millennials will grow old. The days of bungee jumping and world travelling will inevitably come to an end, and it will be time to settle down. Until then, estate planning can help Millennials facilitate the preservation of wealth (in the event that trek to Machu Picchu goes awry), manage their assets (even a valuable record collection), and also provide peace of mind (about who will look after the cat). A comprehensive estate plan allows these clients to: Control property while they are alive Provide for themselves and loved ones if they become incapacitated Give what they have to whomever they want, the way they want, and when they want Minimize the impact of fees and taxes
5 The key message is that estate planning allows Millennials to decide how to bequeath any inheritance should something ever happen. Inheritance to Millennials may likely go beyond financial assets. Educating Millennial clients about the benefits of estate planning may require a shift in perspective and tactics to focus on items of importance beyond their current bank account like: Vehicles, including boats Jewelry, including vintage heirlooms Family memorabilia Pets Electronics Digital Assets Millennials often get categorized as lazy, financially irresponsible social media junkies. Connecting with them in a way that shows estate planning helps them enjoy life, maintain freedom, and care for others is more impactful than judging them for making different life choices than previous generations. Wills, trusts, and powers of attorney can all help protect their assets and ultimately offer more freedom. For example, a simple will can save a lot of potential anxiety for a relatively small investment for a Millennial wanting to embark on exotic travel adventures. Trusts provide more comprehensive protection, with the added benefit of privacy, for Millennials with complex assets or who may be considering starting their own technology business or nonprofit. Appointing a power of attorney might be a good option for Millennials living with a partner but not ready to sign a marriage license. In addition to connecting estate planning with Millennial values, attorneys need to look at the preferred communication style of this market. Gone are the days of three hour, in-person meetings around a big conference table when working with Millennials. They are extremely mobile and prefer instant, ongoing communication rather than sitting down for a long involved conversation. Attorneys will lose the interest and patience of Millennial clients if in-person meetings are required for every estate planning decision. is a must for sending messages and files, but other modes of communication to consider are: Texting Video Conferencing (i.e. FaceTime) Instant messaging (i.e. WhatsApp, Facebook Messenger, Slack)
6 Marriage or the birth of a child is often the triggering event for preparing an estate plan. Millennials are taking longer to hit these milestones. The average 20- to 30-year olds may be less likely to address estate planning for the same reasons their parents did at this age. Attorneys need to keep this trend in mind when considering estate planning for Millennials. Although working with younger clients will be an increasing part of the estate planning business, attorneys need to be aware of triggers and communication styles that speak to the Millennial market. Attorneys must adapt and meet these clients on new terms. America s largest generation Millennials are both America s largest generation overall, and the largest generation in the U.S. labor force. In 2015, Millennials overtook Gen Xers as the largest generation in the workforce, and in 2016 surpassed Baby Boomers as America s largest generation. Protecting Digital Assets More than any other generation, Millennials rely on the digital world for many of their day-today services. Whether it s online banking, social media accounts, or personal files stored on the cloud, many Millennials assets are in digital form. What happens to those assets upon death? It s a question the industry is still catching up with, but your clients can name a digital executor to their estate. This (preferably tech-savvy) individual becomes responsible for managing the deceased s digital assets and paying any outstanding debts on their digital accounts. Additional responsibilities could include:
7 Transferring any income-generating digital assets to heirs Deleting files from computers or other devices and erasing hard drives Archiving personal photos, videos, music, and other files Maintaining or closing online accounts Transferring accounts to heirs Much like a traditional executor, a digital executor can be named in your client s will. Digital executors aren t officially recognized by all states, but can still be named as a co-executor of a will with digital-specific responsibilities. Marketing Estate Planning Services Estate planning isn t just for the wealthy or older, established generations. Spouses, parents, and homeowners of all ages all have reason to consider estate plans regardless of their net worth. Estate planning attorneys need to think strategically about how Millennials communicate and connect to capture a portion of this valuable demographic. Here are a few tips to keep in mind when marketing your services to this unique group. Traditional tactics like phone book listings, networking with financial planners, and hosting dinner seminars will not work. Think social media instead of the phone book and webinars instead of dinner seminars. Technology is their preferred way of communicating and planning. Start to get comfortable corresponding via text, live video, and . Conversations should be less about data and more about experiences. Millennials want open-ended discussions that tie actions to meaning and doing the right thing. When thinking about marketing to Millennials, cater conversations around giving back and making a difference. Give them opportunities to connect beyond a face-to-face meeting or a phone call and position yourself as a friendly educator rather than an all-knowing attorney.
8 Call or Us: ext 819 Share This 2017 WealthCounsel, LLC
The Importance of Family Discussions About Mortality and Estate Planning
The Importance of Family Discussions About Mortality and Estate Planning Each family has to determine the degree to which openness about estate plans and associated mortality considerations fits its own
More informationDesignating a Beneficiary for Your IRA
Retirement Planning Designating a Beneficiary for Your IRA You have likely named beneficiaries many times over the years for things like your life insurance policies, annuity contracts, IRAs, company pension
More informationEstate Planning & Administration
Estate Planning & Administration Introduction If you ve been putting off creating an estate plan, then you re missing out on a chance to get some peace of mind. Many of our clients tell us that they feel
More informationHelping your loved ones. Simple steps to providing for your family and friends
Helping your loved ones Simple steps to providing for your family and friends Contents 01 How can I take control of who gets what? 02 Inheritance Tax 05 Do you know how much you re worth? 07 Making lifetime
More informationTAX, RETIREMENT & ESTATE PLANNING SERVICES. Your Will Planning Workbook
TAX, RETIREMENT & ESTATE PLANNING SERVICES Your Will Planning Workbook Preparing your Will Glossary of terms... 1 Introduction... 2 Your estate... 2 Beneficiaries of your estate Your spouse... 3 Your children...
More informationDangers of Do-It- Yourself Wills and Living Trusts
Dangers of Do-It- Yourself Wills and Living Trusts Compliments of: Nirenstein, Horowitz & Associates (860) 548-1000 www.preserveyourestate.net American Academy of Estate Planning Attorneys AAEPA Estate
More informationFAMILY WEALTH TRUST. Calculating the Benefits AMERICAN ACADEMY OF ESTATE PLANNING ATTORNEYS, INC.
FAMILY WEALTH TRUST Calculating the Benefits AMERICAN ACADEMY OF ESTATE PLANNING ATTORNEYS, INC. Family Wealth Trust 1 FAMILY WEALTH TRUST Chances are, you ve already heard a lot about the attributes
More informationWomen & Wealth: FINANCIAL CONFIDENCE COMES WITH FINDING THE RIGHT ADVICE
Women & Wealth: FINANCIAL CONFIDENCE COMES WITH FINDING THE RIGHT ADVICE PERSONALIZATION MATTERS Regardless of gender, a good financial plan is one that is unique to you and the goals you set for yourself.
More informationMEDICAID PLANNING. The facts... Assets in a revocable living trust are not protected and must be used to pay for the costs of long-term care.
MEDICAID PLANNING Assets in a revocable living trust are not protected and must be used to pay for the costs of long-term care. If you are married, your home is exempt and cannot be taken when applying
More informationT. Rowe Price 2015 FAMILY FINANCIAL TRADE-OFFS SURVEY
T. Rowe Price 2015 FAMILY FINANCIAL TRADE-OFFS SURVEY Contents Perceptions About Saving for Retirement & College Education Respondent College Experience Family Financial Profile Saving for College Paying
More informationPLANNING YOUR ESTATE
PLANNING YOUR ESTATE Helping Your Family Find Important Documents A guide by safelyfiled It s not easy planning your own estate. It reminds you of your mortality. Yet, making sure that your surviving family
More informationEstate planning. Client guide. The right plan can make everything easier
Estate planning Client guide The right plan can make everything easier Some surprises in life are good, like winning the lottery or unexpectedly running into an old friend. But what happens to your money
More informationHow to talk to your heirs about their inheritance. An unexpected illness, which puts stress transfer in Canadian history is taking
Wealth Transfer 101: How to talk to your heirs about their inheritance The biggest inter-generational wealth According to a new IPC Private An unexpected illness, which puts stress transfer in Canadian
More informationABCs of Estate Planning. THE LEDBETTER LAW FIRM, APC 111 N. Sepulveda Blvd., Suite 330 Manhattan Beach, CA (877)
ABCs of Estate Planning THE LEDBETTER LAW FIRM, APC 111 N. Sepulveda Blvd., Suite 330 Manhattan Beach, CA 90266 (877) 536-6613 Introduction My interest in estate planning began when I realized that needed
More informationAMERICAN ACADEMY OF ESTATE PLANNING ATTORNEYS, INC.
Compliments of O Brien & Wolf, L.L.P. (507) 289-4041 www.obrienwolf.com FAMILY WEALTH TRUST Calculating the Benefits AMERICAN ACADEMY OF ESTATE PLANNING ATTORNEYS, INC. Family Wealth Trust 7 ABOUT THE
More informationLIVING TRUSTS. Calculating the Benefits AMERICAN ACADEMY OF ESTATE PLANNING ATTORNEYS, INC.
LIVING TRUSTS Calculating the Benefits AMERICAN ACADEMY OF ESTATE PLANNING ATTORNEYS, INC. Living Trusts 1 LIVING TRUSTS: CALCULATING THE BENEFITS Chances are you ve already heard a lot about the attributes
More informationAsset Protection. A planning, conversation, and resource guide
Asset Protection A planning, conversation, and resource guide LOREM IPSUM A PLANNING, CONVERSATION, AND RESOURCE GUIDE Use this guide to help create a plan for protecting those you love and what you have.
More informationGETTING THE MOST OUT OF YOUR LIFE INSURANCE
GETTING THE MOST OUT OF YOUR LIFE INSURANCE The Irrevocable Life Insurance Trust AMERICAN ACADEMY OF ESTATE PLANNING ATTORNEYS, INC. Getting The Most Out Of Your Life Insurance 1 If you own life insurance,
More informationSOCIAL SECURITY Financial Literacy GUIDE
SOCIAL SECURITY Financial Literacy GUIDE A guide to the most important financial decision you ll likely make Carl Robinson & David Vinokurov 1 Outline Where does Social Security fit into my overall Financial
More informationThe wealth you ll share
The wealth you ll share MONEYTALK LIFE THE WEALTH YOU LL SHARE 2 In the years to come, trillions of dollars will move from one generation to the next. Are you confident your family and loved ones will
More informationYour Guide to Life Insurance for Families
Your Guide to Life Insurance for Families (800) 827-9990 HealthMarkets.com Your Guide to Life Insurance for Families Contents Does My Family Need Life Insurance? 4 Types of Life Insurance for Families
More information2) An estate represents a deceased person's assets after all debts are paid. Answer: TRUE Diff: 1 Question Status: Previous edition
Personal Finance, 6e (Madura) Chapter 20 Estate Planning 20.1 Purpose of a Will 1) Two key goals of estate planning are to ensure that your estate passes to the proper beneficiaries and to ensure that
More informationCalculating the Benefits
C o m p l i m e n t s o f G e r s h L a w O f f i c e s, P. S. C. T e l e p h o n e 5 0 2. 4 2 3. 7 0 2 3 w w w. g e r s h l a w. c o m LIVING TRUSTS Calculating the Benefits ABOUT THE FIRM Located in
More informationLIVING TRUSTS. L a w O f f i c e o f R o y W. L i t h e r l a n d ( ) w w w. A t t o r n e y O f f i c e.
C o m p l i m e n t s o f L a w O f f i c e o f R o y W. L i t h e r l a n d ( 4 0 8 ) 3 5 6-9 2 0 0 w w w. A t t o r n e y O f f i c e. c o m LIVING TRUSTS Calculating the Benefits AMERICAN ACADEMY OF
More informationEstate Planning. Insight on. Adapting to the times Estate planning focus shifts to income taxes. International estate planning 101
Insight on Estate Planning June/July 2014 Adapting to the times Estate planning focus shifts to income taxes International estate planning 101 When is the optimal time to begin receiving Social Security?
More informationEstate Planning. A Sensible Approach
Estate Planning A Sensible Approach Today s Agenda is Simple What does estate planning mean to you? Permanent estate tax law Today s estate tax landscape How you can avoid the 10 common mistakes people
More informationCalculating the Benefits
Phone #: NH (603) 894-4141 MA (97) 969-0331 LIVING TRUSTS Calculating the Benefits ABOUT THE FIRM Armstrong, Fisch & Tutoli has been providing quality estate planning for our clients since 1976. Whether
More informationThe importance of assistance
TRANSFERRING Estate Planning Guide for Ontario Resident The importance of assistance Table of contents Creating Your Legacy.... 02 Steps in Setting Up an Estate Plan.... 02 1. Gather Your Information............................................
More information15 COMMON REASONS TO DO ESTATE PLANNING
15 COMMON REASONS TO DO ESTATE PLANNING AMERICAN ACADEMY OF ESTATE PLANNING ATTORNEYS, INC. 15 Common Reasons to Do Estate Planning 1 WHY CREATE AN ESTATE PLAN? You don t have to be a millionaire to benefit
More informationCREATING A LASTING LEGACY
CREATING A LASTING LEGACY The Best Things in Life Aren t Things Creating a Lasting Legacy 1 CREATING A LASTING LEGACY If you re like most people you probably just want an estate plan to give your estate
More informationHow to Prepare a Last Will and Testament
How to Prepare a Last Will and Testament The Simplest Way The simplest way to ensure that your funds, property and personal effects will be distributed after your death according to your wishes is to prepare
More informationMerrill Edge Report. Click to explore: Fall Generational Breakdowns. Gen Z born Millennials born Gen X born
Merrill Edge Report Is financial security the new happily ever after? The Merrill Edge Report reveals this new reality, as it explores Americans increasingly complex relationship with their money, significant
More informationRequirements vary from state to state. Generally, for your will to be valid, the following requirements must be satisfied.
1 Wills What is a will? A will may be the most vital piece of your estate plan, even if your estate is a modest one. It is a legal document that lets you direct how your property will be dispersed (among
More informationVanguard Financial Education Series ESTate planning. How to create an estate plan that will help your family
Vanguard Financial Education Series ESTate planning How to create an estate plan that will help your family People don t like to think about their own demise. Perhaps that s why most Americans lack a will.
More informationReaching the Millennial Market. Why Millennials Are Important to Your Business
Reaching the Millennial Market Why Millennials Are Important to Your Business Financial guidance is important at every age. But how do you convey that importance to the millennial generation who are in
More informationFall Key Advisor. Dealer news and tips
Fall 2015 Key Advisor Dealer news and tips CEO Outlook By Gregg Strong When we think about estate planning, many of us focus on how to minimize taxes when assets transfer to our heirs and beneficiaries.
More informationRevocable Trust Vs. Irrevocable Trust
I am not an attorney but here to help you undertand what things are... Speak to An Asset protection Attorney and find the best solution for you... Revocable Trust Vs. Irrevocable Trust Trusts are relatively
More informationYour Will Planning Workbook
Your Will Planning Workbook Preparing your Will Glossary of terms..................................... 2 Introduction......................................... 3 Your estate.........................................
More informationBuilding a bridge to the future
An Educational Guide for Families and Individuals Building a bridge to the future Personalized Trust and Wealth Management Services Financial Strategies Managing the details of a friend or family member
More informationESTATE PLANNING GUIDEBOOK. An Introduction to Ensuring Your Intentions
ESTATE PLANNING GUIDEBOOK An Introduction to Ensuring Your Intentions WHAT IS AN ESTATE PLAN? Simply defined, estate planning is the process of thoughtfully providing for the efficient transfer of your
More informationLet us help. Access your Employee Assistance Program (EAP) 24/7 by phone or web.
Balance June 2017 Finances and family planning Starting a family brings with it many feelings and expectations. As people begin their own families, whatever they may look like, there is a strong emotional
More informationGetting Ready to Retire
How to Prepare for Your Retirement A GUIDE TO: Getting Ready to Retire EDUCATION GUIDE Create a plan now for a more comfortable retirement If you re five years or less from retirement, now is the time
More informationFinancial and Estate Planning Questions and Answers
Financial and Estate Planning Questions and Answers Click on a question below to jump directly to the answer, or scroll through all of the questions and answers submitted.* 1. What is estate planning?
More informationMindfulness. and investing. Tradeoffs quiz. Weather the year-end tax season. November 2016
Previous issues Are you finding the right balance between today s needs and tomorrow s goals? > Test your knowledge Mindfulness and Weather the year-end tax season These strategies could impact your income
More informationSIMPLE BACKGROUND INFORMATION
1 SIMPLE BACKGROUND INFORMATION The information you provide in this section provides us with important objective information about you, your age, marital status, where you live, and how best to communicate
More informationConnecticut Higher Education Trust (CHET) Connecticut s 529 College Savings Plan
Connecticut Higher Education Trust (CHET) Connecticut s 529 College Savings Plan ENROLLMENT KIT Denise L. Nappier Treasurer Overview of CHET 2 How CHET works 3 4 Tax advantages 5 Special CHET programs
More information1LIFE MASTERY FINANCIAL PLAN. This is the foundation of what we teach and we are excited you are here!
1LIFE MASTERY FINANCIAL PLAN Welcome to 1Life Mastery Financial Planning! This is the foundation of what we teach and we are excited you are here! We believe every successful aspect of your life requires
More informationEstate and Legacy Planning
Estate and Legacy Planning Contents Estate Planning 101... 1 Who Needs Estate Planning?... 2 The Tools of Estate Planning... 3 The Problem with Probate... 4 Reducing the Bite of Taxes... 5 Other Planning
More informationWhat is the status of Social Security? When should you draw benefits? How a Job Impacts Benefits... 8
TABLE OF CONTENTS Executive Summary... 2 What is the status of Social Security?... 3 When should you draw benefits?... 4 How do spousal benefits work? Plan for Surviving Spouse... 5 File and Suspend...
More informationBeyond Baby Boomers: The Investable Assets of Tomorrow
Beyond Baby Boomers: The Investable Assets of Tomorrow Getting to know Gen X and Millennial Investors July 2016 GLOBAL X MANAGEMENT COMPANY LLC. All numbers are approximate. Introduction Global X conducted
More informationESTATE PLAN. Questionnaire
Gordon Fischer, JD, CAP ESTATE PLAN Questionnaire Congratulations on beginning this important first step of smart estate planning! I will use this information to craft a thorough and legally sound plan
More informationYour Guide to Life Insurance
Your Guide to Life Insurance (800) 827-9990 HealthMarkets.com Your Guide to Life Insurance Contents Life Insurance Basics 4 Do I Need Life Insurance? 9 How Much Life Insurance Do I Need? 11 What Kind of
More informationSocial Security benefits When is the right time to begin receiving payments? Planning ahead after a divorce
Insight on Estate Planning Social Security benefits When is the right time to begin receiving payments? Planning ahead after a divorce ABLE accounts benefit disabled family members october / november 2017
More informationBigger than Facebook:
Bigger than Facebook: Matthew T. McClintock, JD, TEP Evergreen Legacy Planning, LLP MTM@EvergreenLegacyPlanning.com 877.757.8120 As we have begun increasingly living our lives online, the issue of managing
More informationNovember is Beneficiary and Estate Planning Month at Taylor Financial Group
Taylor Financial Group s Monthly Planning Letter November 2016 Are you turning 65? The Medicare open enrollment period runs from October 15, 2016 through December 7, 2016. Learn more in this month s planning
More informationESTATE PLANNER THE. Should you name a trust as IRA beneficiary?
THE ESTATE PLANNER November/December 2017 ESTATE PLANNING FOR SECOND MARRIAGES: 5 TIPS TO CONSIDER Should you name a trust as IRA beneficiary? Year end in review Revise your estate plan to reflect life
More informationThe Intelligent Life Advantage
TIAA-CREF Life Insurance Company The Intelligent Life Advantage A family of life insurance policies designed to help meet a lifetime of needs For the milestones in your life TIAA has been protecting people
More informationtax strategist the A simple plan Installment sale offers alternative to complex estate planning strategies Balance competing
the May/June 2008 tax strategist A simple plan Installment sale offers alternative to complex estate planning strategies Balance competing goals with a QTIP trust Take care when choosing IRA beneficiaries
More informationMore & More Americans Having to Work Past Age 70
More & More Americans Having to Work Past Age 70 July 18, 2017 by Gary Halbert of Halbert Wealth Management 1. Almost One-Fifth of Americans Are Working Past Age 70 2. Seniors, There s No Guarantee of
More informationARE CANADIANS MAKING EMBARRASSING FINANCIAL DECISIONS?
September 2016 ARE CANADIANS MAKING EMBARRASSING FINANCIAL DECISIONS? Results from a 2016 survey of 2,501 Canadians Choice matters. But not where you think. Canadians love to shop around. We compare brands
More informationYour Will Planning Workbook
Your Will Planning Workbook Preparing your Will Glossary of terms... 1 Introduction... 2 Your estate... 2 Beneficiaries of your estate Your spouse... 3 Your children... 3 Others... 4 Personal and household
More informationWILLS AND PROBATE GUIDE
WILLS AND PROBATE GUIDE Welcome to Wills and Probate What is a Will? The Dictionary definition is: a legal document declaring a person s wishes regarding the disposal of their property when they die Nobody
More informationHelp Mitigate Risk in a Client s Financial Strategy
Help Mitigate Risk in a Client s Financial Strategy Death Risk Have you overlooked a risk to your clients overall financial strategy? It s a risk that s hidden in plain sight, because it s wrapped around
More informationFlexible protection with the added value of wealth accumulation potential
TIAA-CREF Life Insurance Company Flexible protection with the added value of wealth accumulation potential Intelligent Life Variable Universal Life Insurance Intelligent Life Survivorship Variable Universal
More information(SBP) MAKE IT PART OF YOUR RETIREMENT PLANS
(SBP) MAKE IT PART OF YOUR RETIREMENT PLANS HQ AFPC/DPFFF Randolph AFB, TX 78150-4713 July 2013 Estate planning is very important for everyone. As the saying goes, there are only two things in life that
More informationGUIDE TO ESTATE PRESERVATION MARCH 2017 NAVIGATING YOUR OPTIONS FOR PASSING ON WEALTH
GUIDE TO MARCH 2017 ESTATE PRESERVATION NAVIGATING YOUR OPTIONS FOR PASSING ON WEALTH WELCOME Navigating your options for passing on wealth You ve worked hard all of your life to get to where you are,
More informationSeven Steps to Handling Your Loved One s Estate
Seven Steps to Handling Your Loved One s Estate How to close out accounts, notify key authorities, access death benefits, and begin the probate or trust administration process after the loss of a loved
More informationSeven Steps to Handling Your Loved One s Estate
Seven Steps to Handling Your Loved One s Estate How to close out accounts, notify key authorities, access death benefits and begin the probate or trust administration process after the loss of a loved
More informationCOMMON ESTATE PLANNING BLUNDERS NOT TO MAKE
COMMON ESTATE PLANNING BLUNDERS NOT TO MAKE By: Sol S. Reifer, Director, Wealth Preservation Planning, Coats Rose, P.C. When it comes to checking tasks off your financial to do list, estate planning is
More informationWhat Do Millennials Expect From Financial Advisors?
What Do Millennials Expect From Financial Advisors? INTRODUCTION As a financial advisor, do you have the correct processes and systems in place to attract, retain and serve Millennials? As you will see
More informationThinking about the Deffered Retirement Option Program? Read this report first!
Thinking about the Deffered Retirement Option Program? Read this report first! The information provided herein is for general reference purposes only. It is not approved or endorsed by the Florida Retirement
More informationMANAGING YOUR FINANCES. March 2017
MANAGING YOUR FINANCES March 2017 CONTENTS 03 What's your financial game plan for 2017? Gen O struggling to save 04 Investment risk - where are you on the spectrum? IHT planning for couples - changes you
More informationTODAY S RETIREMENT CRISIS Only 1 in 10 Americans Currently Saving Enough
TODAY S RETIREMENT CRISIS Only 1 in 10 Americans Currently Saving Enough Nearly Half of Americans Aren t Saving for Retirement, and Those Who Save Aren t Saving Enough While not exactly split down the
More informationEstate Planning Questionnaire (for Single Client)
Estate Planning Questionnaire (for Single Client) The following information will help me advise you of your estate planning options and prepare your documents quickly and accurately. The more information
More informationPROTECTION AND YOUR FINANCIAL PLANNING CONVERSATIONS
PROTECTION AND YOUR FINANCIAL PLANNING CONVERSATIONS CONVERSATION STARTERS This information is for UK financial adviser use only and should not be distributed to, or relied upon by, any other person. While
More informationRETIREMENT EDUCATION. The Correlation Between Retirement Readiness and Employer Involvement
RETIREMENT EDUCATION The Correlation Between Retirement Readiness and Employer Involvement Employer-Provided Retirement Education a Win-Win for Employers and Employees Americans workplace retirement plans
More informationBasic Estate Planning
Mary Carter Financial Services An Independent Firm Mary Carter, ChFC, CFP 131 2nd Avenue North Suite 200 Jacksonville Beach, FL 32250 904-246-0346 mary.carter@raymondjames.com marycarterfinancialservices.com
More informationONE TO SIX MONTHS AFTER
THINGS TO REMEMBER Losing a loved one can be overwhelming and emotionally draining. And in the wake of that loss, money may be the last thing on your mind when you re dealing with making arrangements and
More informationRetirement planning YOUR GUIDE
Retirement planning YOUR GUIDE Choices today can lead to freedom tomorrow What s inside Introduction...1 Lifestyle planning...2 Potential sources of retirement income..5 Life insurance...6 Maximizing after-tax
More informationJOHNSTON LEGAL GROUP PC
JOHNSTON LEGAL GROUP PC Estate Planning Questionnaire (for Single Client) The following information will help me advise you of your estate planning options and prepare your documents quickly and accurately.
More informationA guide to estate settlement
After the loss of a loved one A guide to estate settlement Investment and Insurance Products: u NOT FDIC Insured u NO Bank Guarantee u MAY Lose Value We re here to help The loss of a loved one can be
More informationRetirement Solutions. Engaging the Next Generations in Retirement Savings
www.calamos.com Retirement Solutions Engaging the Next Generations in Retirement Savings Improving Retirement Readiness for the Next Generations by Applying Behavioral Finance & Thoughtful Plan Design
More informationBoomer, Gen X, Millennial Women: Do they give differently?
Boomer, Gen X, Millennial Women: Do they give differently? November 29, 2017 Abbie J von Schlegell, CFRE Principal a. von schlegell & co Who Are Boomers? Born 1946 to 1964 AKA: Woodstock Generation 78
More informationWorthwise. $14 trillion. three-fourths of the financial wealth in the United States.* in assets and. Women control
Worthwise summer 2017 n VOL 9 ISSUE 2 EstatePlanning Women control $14 trillion in assets and three-fourths of the financial wealth in the United States.* *http://www.wife.org/estate-planning-especially-women.htm
More informationFinancial Planning for Special Needs Families. Financial Planning 101 for Special Needs Families
(800) 682-3237 www.rfadvisors.com WEALTH MANAGEMENT Financial Planning for Special Needs Families Financial Planning 101 for Special Needs Families Whatsoever the nature of your child s disability, one
More informationRetirement Tax Strategies for the Affluent. Using Cash Value Life Insurance to Help Design a Secure Future
Retirement Tax Strategies for the Affluent Using Cash Value Life Insurance to Help Design a Secure Future Retirement Tax Strategies for the Affluent Page 1 17-76A In this Guide 1. Introduction 2. Discover
More informationARE YOUR BANK ACCOUNTS SAFE?
ARE YOUR BANK ACCOUNTS SAFE? FDIC Insurance Can Cover You With the Right Planning AMERICAN ACADEMY OF ESTATE PLANNING ATTORNEYS, INC. Are Your Bank Accounts Safe? 1 IS IT TIME TO UPDATE YOUR ESTATE PLAN?
More informationESTATE PLANNING CHECKLIST. 10 Questions to Ask Yourself
ESTATE PLANNING CHECKLIST 10 Questions to Ask Yourself ESTATE PLAN CHECKLIST: 10 QUESTIONS TO ASK YOURSELF Whether you don t yet have an estate plan or you have a plan in place, this checklist can help
More informationTake Charge! Your Estate Planning Guide and Organizer
Take Charge! Your Estate Planning Guide and Organizer Table of Contents Introduction...3 Key Elements of an Estate Plan...5 Steps to Having an Estate Plan...7 Consider Your Charitable Legacy...9 Essential
More informationDetailed Results 9TH ANNUAL PARENTS, KIDS & MONEY SURVEY
Detailed Results 9TH ANNUAL PARENTS, KIDS & MONEY SURVEY Contents Household Finances..3 Household Debt 19 Savings..28 Emergency Fund..32 Retirement Savings..36 Parental Knowledge, Attitudes and Behavior.....42
More informationProtecting Your Family
Rigging Up the Safety Net Protecting Your Family INVESTMENT AND INSURANCE PRODUCTS: NOT FDIC INSURED NOT A BANK DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY NO BANK GUARANTEE MAY LOSE VALUE It
More informationSet Yourself Up for Retirement Success
Set Yourself Up for Retirement Success Key decisions can help you and your loved ones plan ahead to make your retirement work After years in the workforce, you may be daydreaming about your retirement.
More informationMerrill Edge Report years later: Effects of the Great Recession lead millennials to play it safe
1 Letter from Aron Levine Everywhere we look, millennials continue to redefine life priorities, and as we seek to understand how Americans are shaping their financial futures, the Merrill Edge Report continues
More informationFAMILY DATA. Name (First, Middle Initial, Last) Street Address City State Zip. Home Phone # Cell Phone # Sex Date of Birth
PAGE 1 FAMILY DATA Marital Status: Single Married Divorced Widower/Widow Wedding Anniversary: CLIENT INFORMATION Name (First, Middle Initial, Last) Age Street Address City State Zip Home Phone # Cell Phone
More informationWhy You Need a Will. ABC Company 123 Main Street Anywhere, USA
Why You Need a Will Your promotional imprint here and/or back cover. ABC Company 123 Main Street Anywhere, USA 12345 www.sampleabccompany.com 800.123.4567 It may not be pleasant to plan for a future that
More informationYour Guide to Life Insurance When You re 50 or Older
Your Guide to Life Insurance When You re 50 or Older (800) 827-9990 HealthMarkets.com Your Guide to Life Insurance When You re 50 or Older Contents I Have Insurance Through My Employer. Why Buy Now? 4
More informationA CHILD WITH SPECIAL NEEDS, NEEDS SPECIAL PLANNING
C o m p l i m e n t s o f L a w O f f i c e o f R o y W. L i t h e r l a n d ( 4 0 8 ) 3 5 6-9 2 0 0 w w w. A t t o r n e y O f f i c e. c o m A CHILD WITH SPECIAL NEEDS, NEEDS SPECIAL PLANNING AMERICAN
More informationB M O N e s B i t t B u r N s
BMO Nesbitt burns Estate Planning Estate Planning You have devoted yourself to providing for your family and saving for a comfortable retirement, but have you also planned for what would happen if you
More informationPEACE OF MIND: Planning For All of Life s Contingencies AMERICAN ACADEMY OF ESTATE PLANNING ATTORNEYS, INC.
PEACE OF MIND: Planning For All of Life s Contingencies AMERICAN ACADEMY OF ESTATE PLANNING ATTORNEYS, INC. Peace of Mind 1 PEACE OF MIND: PLANNING FOR ALL OF LIFE S CONTINGENCIES As citizens of a culture
More informationLump sum death benefit form Section A/B
C2 Lump sum death benefit form Section A/B This form is in two parts: Before completing this form, please read the attached notes. Part A tells us (directs us) how you want your lump sum death benefit
More information