If you have dealt first-hand with having to organize a messy estate binder and want to make your own plan more accessible, going electronic might be your answer. With more of the world switching from physical hardcopies to a more digital environment, you may find it easier to switch your estate binder to a digital repository platform. A digital repository allows you to share your windfall wealth management plan with your heirs, without them having to piece together countless documents that may or may not be useful. This is where TWC is excited to announce our partnership with leafplanner.
In this two-part blog, we will go over the big picture items that leafplanner has to offer in today’s blog, and in next week’s blog, we will detail the importance of your leafplan in the day-to-day aspects of life.
Leafplanner is an estate repository software that is easy to use, readily available for family members and contacts to access what you want them to see and contains your data with the most up to date security measures. After security, leafplanner sets out to make usability and customer satisfaction their top priority. With easy customization, you are able to tailor your information to have the necessary documents and policies.
For those of you who have thought ahead and have already built a binder or booklet, there is still an incentive to make a digital copy of your hard work.
- The first is extra security. If you happen to lose your binder due to misplacement, damage, or other reasons, having it backed up online will keep it alive and in a place that can be found without having to search too hard for it.
- The second is that a digital repository can be used as an inheritance management tool. For families that have created a windfall for their heirs and want to leave behind some help for the inheritors, a digital repository can have everything in one place for them to have access to, all from their home’s comfort.
- The third is the ability to update your plan at a moment’s notice from anywhere in the world. If you are updating an insurance policy and want to add the new policy to your plan, it would only take you a few seconds to delete or archive your old policy and update it with your new policy.
- Finally, having your estate plan on a digital platform allows you to link up to your accounts in real time. This will make it painless to view all your accounts in one setting, without logging into your different accounts one by one.
Since we are partnered with leafplanner, your TWC concierge will input all of your data on your behalf and actively manage your account. If you are not a client but are interested in learning more about how The Wealth Conservancy can help with navigating your estate plan or the complex aspects of an inheritance, please give us a call, or submit a consultation request to speak confidentially about your specific circumstances. If you want to learn more about leafplanner, reach out to them here.