Wealth.com Launches Family Office-Inspired Estate Planning Tools
The new tools are intended to help advisors navigate HNW planning issues like trusts and generation-skipping transfer taxes.
Wealth.com announced Friday the launch of a new set of estate planning tools, called the Family Office Suite, designed to support advisors working with high-net-worth and ultra-high-net worth individuals and families.
The aim of the new tool suite, according to the announcement, is to help advisors and in-house wealth strategists deliver more estate planning value to clients while reducing manual work.
Among the new features are a heritage map, a legacy navigator and dynamic educational documents that seek to help advisors “demystify” some of the complexity involved in estate planning — especially with respect to topics such as sub-trust distribution schemes, federal and state estate tax implications and generation-skipping transfer taxes.
Other goals are to help advisors quantify tax alpha through estate tax calculators and tax optimization scenario analysis capabilities.
Advisors can also improve data collection and client reporting by leveraging the Wealth.com Vault and Ester AI services to extract and share important information from estate planning documents, according to the firm.
In support of these efforts, the company has appointed David Haughton as senior corporate counsel. Haughton, formerly the head of advanced planning at Commonwealth Financial Network, will report to Anne Rhodes, chief legal officer of Wealth.com.
Credit: Adobe Stock