The age-old practice of estate planning is evolving. Families realize that there is enormous untapped value here. As a result, clients are saying goodbye to siloed, episodic relationships – and hello to a coordinated team effort with a proactive, iterative approach to managing a family legacy. Families will hire teams that reflect this philosophy and mandate the use of technology to support this new way of thinking – as it offers transparency along with a shared information platform.
Join us for a two-part webinar series introducing FinClar – a cutting-edge financial technology application developed by BakerHostetler that organizes and synthesizes legacy-related data to streamline the planning process and help families overcome challenges inherent in outmoded estate planning models.
Don't miss this opportunity to gain valuable insights and practical strategies for transforming your legacy management approach with FinClar.
Presenters:
- Jonathan M. Forster, Partner
- John F. DeStefano, Of Counsel
- Baillie McCormack, Private Wealth Specialist
Register for Parts 1 and 2 below. There are two convenient dates for each.
For questions, please contact TaxEvents@bakerlaw.com
A Smarter, Simpler Way to Plan, Protect and Optimize Generational Wealth
In Part 1, we will discuss a new philosophical bent to estate planning and the use of fintech.
The webinar will present real-world examples and success stories of how FinClar enables families to improve advisor collaboration, promote clear decision-making, reduce long-term costs and empower the next generation to understand and steward the family legacy with confidence.
Key Takeaways:
- Improve clarity in decision-making during the planning phase
- Increase efficiency in implementation and ongoing plan maintenance
- Minimize post-mortem administration delays and costs
- Equip the next generation to understand and manage the family legacy
- Unite financial, legal and tax advisors into a collaborative team
Creating Tailwinds for the Successful Family
In Part 2, we will examine the intersection between tactical wealth optimization and galvanizing family core values, traditions and shared experiences.
Key Takeaways:
- Value alignment with the legacy management paradigm
- Developing and supporting a family wellbeing framework
- Designing the purposeful trust
- The family bank concept
- Shared resources (homes, private equity)