Cadence's comprehensive estate planning and aftercare platform is designed to open up communication between bequestors and successors, so you can retain more assets when wealth is transferred.
The Great Wealth Transfer is coming. With total bequests projected to exceed $84 trillion among U.S. residents by 2045, it's important for financial advisors to understand their clients' wealth transfer plans. The initial challenge for financial advisors is facilitating timely and useful communication between current clients and beneficiaries, and Cadence's comprehensive estate management and aftercare platform provides a framework for initiating these conversations.
Including Cadence as part of your services not only helps you understand your clients' future plans, but also allows you to gain insight into and start building relationships with their successors. Building this trust and demonstrating your value early helps make it easier for successors to make decisions about how, and by whom, their future assets will be managed.
Invite your clients to Legacy Planner from our intuitive business dashboard, and leave the rest to us. Our guided Legacy Planner allows clients to work through adding information and documents about their accounts and assets at their own pace.
Once complete, the Legacy Planner provides an easy framework for you to open up discussions about your clients' estate plans, and gain insight into their full financial picture.
Upon a client's death, named successors receive an Executor Assistant account. Successors are provided with all of the information from the Legacy Planner, including your contact details, so they can easily get in touch.
The seamless transition from Legacy Planner to Executor Assistant makes it easier for successors to make decisions about their inheritance, knowing that their loved one took the time to make a plan.