Legal, accounting/tax, and financial/wealth/insurance advisors all have a role to play in helping their clients with Estate and Incapacity Planning.  The process is simply too complex for any individual to have all the required expertise.  We have all seen the problems that arise when some components are incomplete, out of date, or inadvertently disrupted by actions taken on another aspect of a client’s plan.

Live Legacy works with clients and their professional advisors to review existing plans, recommend action steps and document any details not already evident.  Usually we start with client education and ideally wrap the plan with communication to family if appropriate.  And yes – sometimes we have the “kleenex conversations” that uncover emotional stumbling blocks.

Clients benefit by:

• Being able to get more information on various aspects of Estate and Incapacity Planning safely, easily and in plain language.
• Having a better understanding of what will need to be done by others in the future and how they can make it go more smoothly.
• Having a non-threatening way to communicate with, and ideally include, family members in planning.
• Knowing how to work most effectively with their professional advisors on their Estate and Incapacity Plan.

Professional Advisors benefit by:

• Working with more knowledgeable and prepared clients, thereby focusing time on client-specific issues and solutions and less time on ‘basics’.
• Knowing that points requiring coordination between advisors are being documented and covered off.
• Dedicating more client time to proactive planning rather than problem-solving and crisis management.
• Increasing opportunity for multi-generational client relationships through demonstrated value-added services.

Our goal is to have relationships between clients, beneficiaries/family, and each professional advisor enhanced by the services of Live Legacy.