Aretha Franklin’s Final Wishes Found. Will That Be Enough?

It got me thinking. With all of the conveniences our digital age affords, why isn’t there more flexibility around how, when and where we build our plan for the future? Why can’t we create valid, legal estate planning documents in the comfort of our own homes? I get my groceries delivered to my door, but I have to search high and low to find a legacy planning tool that meets me where I am.

Your clients expect to be able to tackle estate matters at home, where they’re most comfortable. And they want discretion over when and how they engage you. Imagine if Aretha had had access to this technology. Her wills likely wouldn’t be sitting in question, dividing her family over issues like who’s the rightful representative or whether or not to sell the land next to her Oakland County home. Instead of instilling order, her will(s) has created more chaos and confusion — at a time when her family should be allowed to grieve.

People deserve the ability to leverage a system that helps them plan for the future… a system that can guide them through the process, capturing what they’ve created to date, what’s left to be done and whether previous documents need to be revoked, restated, etc. That way, the planner is able to see what’s missing and where they stand in their preparation and can choose to engage a financial professional at the time that’s right for them.

We need to make this process easier for people so that it’s easier for the families left behind. The whole point of estate planning is to provide those who survive with clarity and peace. A well-planned estate gives the family the benefit of knowing they’re helping carry out their loved one’s wishes. It gives them the chance to begin to heal.

— Read 3 Lessons Prince Left Agents and Advisors, on ThinkAdvisor.

Michael Babikian is the chief executive officer of LegacyShield, a financial services exchange built around a family information management system.