Tools

Estate Planning Strategies

Astute Estate Planner is an online estate planning client engagement tool that provides advisers with estate planning strategies and a visual and interactive process to educate and guide clients’ through the many decisions they are faced with prior to implementing an Estate Plan.

Financial advisers are able to document the client’s wishes and provide a briefing paper to a solicitor to facilitate the production of legal documents such as; Will, Enduring Power of Attorney, Guardianship for Minors, Testamentary Trusts, Binding Nominations for SMSF’s, Letter’s of Wishes.

Family Tree

A family tree is automatically generated from the client information provided or can be built quickly and easily in the client meeting. The software caters for simple family structures as well as complex blended families.

Understanding all the people in your clients’ extended family deepens your understanding of their circumstances and identifies potential issues that need to be catered for.

It’s also a great opportunity for you to ask questions about any financial needs the extended family may have which could result in intergenerational leads for your business.  

FamilyTree

Snapshot

The snapshot pages is a visual representation of how your client’s assets are owned and controlled. Assets that pass through the Will are identified on the left hand side and assets that don’t pass through the will are on the right hand side.

The Adviser can now discuss the implications of not having a thorough and complete Estate Plan to manage all the assets and entities identified.

Hovering over each icon will show the assets held by that entity.  

SnapShot

Structure

The structure pages provide a visual representation of what happens to assets if either client (or both clients) become deceased.

An Adviser can clearly explain how various assets could be treated in their estate plan

  • Individually owned assets - automatically pass through the Will and are identified on the left hand side.
  • Superannuation assets – can be allocated through the Will or to the beneficiary directly as a lump sum or pension (reversionary pension or child allocated pension)
  • Company or Trust assets - are clearly identified and need to be addressed separately with the Lawyer
  • Testamentary trusts – can be discussed as an alternative to bequeathing assets directly to individuals.

Structure