05/29/2020

Navigating Legacy Planning During a Pandemic

How to help your stakeholders, members find peace of mind

We all respond to crises differently. Some people buy the extra large bag of M&M’s. Others clean out their closets. Still others reflect on their life and their purpose. These days, many of us are doing all three. If you’ve noticed an increase in clients interested in legacy planning, the COVID-19 (coronavirus) pandemic might be the reason.

Amid the pandemic, professional advisors can serve clients in new ways by framing conversations thoughtfully, paying attention to emotion and helping clients explore effective ways of giving, both to loved ones and to charity. 

Estate planning vs. legacy planning
Setting the tone for a planning conversation is especially meaningful during the pandemic. At its core, estate planning is about what happens to a client’s assets upon their death. Some clients want to move assets between generations and avoid taxes - and that’s it.

Please select this link to read the complete blog post from LinkedIn.