BakerHostetler has introduced a revolutionary breakthrough in the age-old art of estate planning. FinClar (short for financial clarity) is a proprietary digital experience offering a transformative legacy management to highly successful families. Gone are the days of siloed, complex, episodic, transactional platforms – so-called conventional estate planning. With FinClar, BakerHostetler offers clients an utterly unique approach we call “Legacy Management.”
FinClar aggregates all legacy-related data and democratizes it for family access, allowing advisors to focus solely on strategy rather than on organizing data. FinClar has a beautiful, simple-to-read format, making the complex easily digestible. Families may gather and instantly view their living balance sheet and asset ownership or transfer tax exposure and legacy allocations – all securely and in real-time. Through FinClar, a family may develop targeted objectives for benchmarking, locate cash for investments in suitable trusts, identify the tax sensitivity of each family trust and view liquidity relative to their transfer-tax exposure. This proprietary application even provides sophisticated projections, giving your family unparalleled visibility into its future.