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.
