Wealth.com

We're closing out 2024 with a bang! 💥 We're excited to share our latest product innovations designed to empower advisors and streamline estate planning. Here’s what’s new on wealth.com: 🚀 𝗘𝘀𝘁𝗲𝗿™ 𝗔𝗜 𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝗶𝘀 𝗛𝗲𝗿𝗲! Advisors can now leverage Ester™ to generate easy-to-read summaries for complex documents, including Irrevocable Life Insurance Trusts (ILITs), Grantor Retained Annuity Trusts (GRATs) and Spousal Lifetime Access Trusts (SLATs). 👥 𝗧𝗮𝘀𝗸 𝗖𝗲𝗻𝘁𝗲𝗿 𝗖𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝗼𝗻 Managing client goals is now easier with our new Task Center features. Create tasks, assign team members, track progress with email notifications and prioritize efficiently. 🔧 𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗖𝗹𝗶𝗲𝗻𝘁 𝗢𝗻𝗯𝗼𝗮𝗿𝗱𝗶𝗻𝗴 Clients can now navigate their estate planning journey with a simplified intake quiz, improved document recommendations and updated educational resources. 🔗 𝗤𝘂𝗶𝗰𝗸 𝗖𝗹𝗶𝗲𝗻𝘁 𝗜𝗻𝘃𝗶𝘁𝗮𝘁𝗶𝗼𝗻 𝗟𝗶𝗻𝗸𝘀 Advisors can easily copy and share unique client invitation links directly from the Advisor Portal. Want to learn more about these exciting product releases? Read more here: https://lnkd.in/gwZdeqyt

Our Senior Corporate Counsel, David Haughton, JD, CPWA®, has been featured in Barron's with an insightful byline on estate planning strategies following November's election results. In his article, Dave explores how the recent Republican control of the presidency and Congress may impact estate planning, particularly the potential extension of the Tax Cuts and Jobs Act (TCJA). Here are some key takeaways from his article: 📌 Estate Tax Exemption: The TCJA doubled the estate tax exemption (now $13.6M for individuals and $27.2M for couples). If the act sunsets in 2026, these limits could drop significantly—perhaps making now a critical time to reassess gifting strategies. However, sunset has become far less likely than many thought before the election. 📌 To Gift or Not to Gift?: For those considering large gifts, Dave emphasizes understanding both the potential benefits (like avoiding future clawback issues) and risks (such as losing a step-up on the basis of gifted assets if the TCJA is extended). 📌 Irrevocable vs. Revocable Trusts: Dave breaks down the importance of aligning trust strategies with client goals. Irrevocable trusts offer tax benefits but come with risks, while revocable trusts provide greater flexibility to adapt to life changes. 📌 Plans Over Promises: Dave highlights the need for estate plans that can adapt to evolving policies, ensuring clients are protected regardless of legislative changes. Check out the full article in Barron’s to learn more: https://lnkd.in/gCDeUUgf

Charitable giving isn't just about doing good—it can also be a strategic estate planning tool! In the latest episode of The Practical Planner Podcast, hosts Thomas Kopelman and David Haughton, JD, CPWA® break down the essentials of charitable giving and how to make it work for your financial and estate planning goals. Here’s what they cover: 💡 The benefits of Donor-Advised Funds (DAFs) for flexibility and engaging your kids in charitable decisions. 💡 Using Charitable Remainder Trusts (CRTs) to maximize tax benefits while retaining income during your lifetime. 💡 How Charitable Lead Trusts (CLTs) can transfer assets to your family tax-efficiently. 💡 Why it’s critical to align charitable giving with retirement accounts to minimize tax burdens on heirs. 🎧 Tune in now on your preferred podcast streaming service! ⬇️ Apple: https://lnkd.in/gp_UM7SD Spotify: https://lnkd.in/gCPqjaKA YouTube: https://lnkd.in/grE4qFck

A huge congratulations to our incredible CEO and Co-Founder, Rafael Loureiro, for being named one of Forbes Technology Council's Top AI Founders to Watch in 2025! This honor highlights Rafael's leadership and unwavering commitment to reimagine estate planning by delivering impactful technology solutions for our advisor partners and their clients. He has been integral in the development of Ester™, our AI tool, which has been adopted by advisors across the country so they better serve their clients with strategic estate planning. Rafael's inclusion on this list is a testament to his relentless drive for innovation and the groundbreaking work our team is doing at the intersection of AI and financial planning!  https://lnkd.in/gKXUAhCJ

We’re beyond proud to announce that our CEO and co-founder, Rafael Loureiro, has been named ThinkAdvisor’s 2024 Executive of the Year in the financial planning technology category! 🏆 This prestigious honor recognizes Rafael’s outstanding leadership, innovation, and unwavering dedication to transforming the industry. His vision and hard work continue to inspire us all. Please join us in celebrating Rafael on this well-deserved achievement! Here’s to pushing boundaries and reimagining estate planning. 👏 Congratulations to Rafael and all the 2024 #Luminaries winners!

Are your digital assets protected? 📲 As our lives become increasingly digital, the need to include online accounts, cryptocurrencies, and other digital assets in estate plans has never been greater. Yet, many Americans—especially those with significant wealth—are leaving these assets unaccounted for, exposing their loved ones to unnecessary challenges. The Bryn Mawr Trust 2024 Digital Assets Survey sheds light on this growing issue, and the findings are eye-opening: - Nearly half of Americans with estate plans account for their digital assets, yet 44% of high-net-worth individuals—a surprisingly lower percentage—have done so. - The most common reason for neglecting digital assets? "I never thought about it." - Among those without provisions for digital assets, 49% cited a lack of awareness, while 27% didn’t realize such planning was necessary. - Only 24% of Americans work with a financial advisor, though this increases to 55% among high-net-worth individuals. Similarly, just 32% of Americans have an estate plan, compared to 64% of high-net-worth individuals. 💡 These findings highlight critical gaps in estate planning that can have lasting consequences for families. At wealth.com, we’re committed to helping individuals and advisors close these gaps. Our forms allow your fiduciaries to access your digital assets. We empower you to protect your legacy in today’s increasingly digital world. A special thank you to Jamie Hopkins Esq., LLM, CFP®, ChFC®, CLU®, RICP®, one of our strategic advisors, for his expertise in helping to bring this important report to life! 👏 Check out the full report here: https://lnkd.in/gEtQfxmG

We’re excited to share that wealth.com is a proud sponsor of the 2024 MarketCounsel Summit and a co-host of the Summit Soirée with our friends at Capital Group! Join us on Monday, December 9, from 8–11 PM for an evening of networking and connection with industry leaders and innovators. Enjoy light bites, drinks, and great conversations. 🥂 We can’t wait to engage in meaningful discussions with our clients, partners, and the inspiring minds shaping the future of our industry! #MSUM24 MarketCounsel Consulting Hamburger Law Firm Rick Dinger Tim White Sara Blandford David Thompson, CAIA

What if the Tax Cuts and Jobs Act doesn't sunset in 2025? That's just one of the questions hosts Thomas Kopelman, Anne Rhodes and David Haughton, JD, CPWA® dive into in this recent Practical Planner episode about the impact the recent election could have on estate planning. They also explore how advisors can navigate uncertainty surrounding tax laws and political shifts and also discuss how advisors can approach flexible planning strategies with ultra-high-net-worth clients. 🎧 Listen now to learn how to approach estate tax planning in an ever-changing environment. Apple: https://lnkd.in/gYmwG93t Spotify: https://lnkd.in/gtaRmzT8 YouTube: https://lnkd.in/g9CdzirX

We’re thrilled to announce Ester™, our AI legal assistant tool, is getting even better with our Executive Summary feature. 🚀 Advisors are able to instantaneously generate a simple-to-read, one-page summary of decisions and key information extracted from uploaded estate plan documents. 📃 𝗔𝘃𝗮𝗶𝗹𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝘀 𝗜𝗿𝗿𝗲𝘃𝗼𝗰𝗮𝗯𝗹𝗲 𝗧𝗿𝘂𝘀𝘁𝘀 𝗮𝗻𝗱 𝗺𝗼𝗿𝗲 The Executive Summary feature will be available for important estate plan documents, including Revocable Trusts, Wills, Irrevocable Trusts (such as GRATs, SLATs, ILITS and more), Advance Health Care Directives and Financial Powers of Attorney. 🔗 𝗦𝗲𝗲 𝗲𝘅𝗮𝗰𝘁𝗹𝘆 𝘄𝗵𝗲𝗿𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝘄𝗮𝘀 𝗲𝘅𝘁𝗿𝗮𝗰𝘁𝗲𝗱 𝗳𝗿𝗼𝗺 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝘀 Each piece of extracted information includes a page number where it was found to easily locate them. 🎨 𝗚𝗲𝘁 𝗮𝗻 𝗶𝗻𝘀𝘁𝗮𝗻𝘁 𝘃𝗶𝘀𝘂𝗮𝗹 𝘀𝘂𝗺𝗺𝗮𝗿𝘆 𝗼𝗳 𝗲𝘅𝘁𝗿𝗮𝗰𝘁𝗲𝗱 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 For Revocable Trusts and Last Will & Testaments, all of the extracted information is fed into a visual report that clarifies the details of even the most complex estate plans. This feature will be rolling out to new and existing clients in the coming weeks. Read more about our brand new Ester™ Executive summary here: https://lnkd.in/gY22a2SF

Our Co-founder and Chief Product Officer Danny Lohrfink shared his thoughts with The Daily Upside on how AI is changing the game for financial advisors. “If your tech stack is not well positioned to meet the needs of digitally native populations, you’re going to lose those clients when the wealth transfer happens.” While it won't be replacing advisors, he says, because their humanity is essential to clients, AI is becoming an integral part of their workstreams so they can work smarter and spend more time with clients. Check out the full article here: https://lnkd.in/gCfhJpze