Tag: Product Updates

Thank you for being part of the wealth.com community. We always want to keep you up-to-date with our latest features available. Below, please see the newest features we launched last month. If you have any feedback or questions, we’d love to hear from you: [email protected].

Will & Trust Owner’s Manual

Created by expert in-house trust and estate attorneys, this propriety resource includes information about owning a Will, managing a Trust, and guidance on how to fund or transfer assets into a Trust.

Help Center

The new digital resource center is now available in-app. From getting started to understanding more complex estate planning questions, this information simplifies the process. If you still have questions, we are here to help: [email protected].

In Case You Missed It

A few noteworthy features to check out:

1. Attorney Consultations: Through our preferred attorney network, vetted extensively and available in all 50 states and DC, you can now connect directly with expert trust and estate attorneys in your state without leaving the app.
2. Asset Aggregation & Ownership: Securely connect to over 10,000 financial institutions and take advantage of integrations with Coinbase, Carta and Zillow. Stay organized and better understand the full structure and value of your networth, including how assets are owned.
3. Wealth Projections: Know your future net worth, the potential impact of federal estate taxes on your taxable estate, and get a better sense of what your beneficiaries may receive.

We want to hear from you. Please share your feedback with us!

We are excited to announce that we now offer the ability for married members in common law states to draft Joint Revocable Trusts.

Wealth.com always seeks to provide meaningful solutions to our advisor partners and their clients. We have offered Joint Revocable Trusts to our members in community property states since our launch. Based on the demand for this feature in other jurisdictions, we have partnered with advisors and our legal experts to expand this feature to common law states.

For members who are unsure what type of Trust document makes sense for them, the Wealth.com platform has an embedded intelligence layer to help members select the Trust type that best suits their needs, including the member’s state of residence and marital status. For example, for married couples in community property states (AZ, CA, ID, LA, NV, NM, TX, WA, and WI), a joint revocable trust might be most appropriate to simplify the administration of their community property.

For couples living in common law states (all other states), it may be most appropriate to prepare two individual revocable trusts. Traditionally, estate planning attorneys in common law states prefer for couples to sign two individual revocable trusts for three main reasons:

1. When each spouse has their own trust, this increases the flexibility for each person to uncouple decisions regarding trustees, beneficiaries, and assets to be transferred into the trust. This can be particularly important for blended families or couples established later in life.

2. A joint trust can create confusion over asset ownership for income tax reporting and opens the possibility of inconsistent income tax filings, which the IRS may not respect upon audit.

3. The probate and trust administration process may be more efficient if only one person’s trust is involved at that person’s death. For example, if there is an issue about the validity of the document or someone sues the estate of the first spouse to die, the estate plan of the surviving spouse will not be implicated.

However, circumstances and priorities vary, and some use cases warrant the need for a joint revocable trust regardless of your state. We are pleased to now deliver this to our members.

Our platform is designed to guide members to make decisions based on their own unique needs, including the proprietary evaluation form to understand what documents are appropriate. Members that would like additional platform support or education can also speak with our success team through phone, chat, or email ([email protected]). For those that are in need of legal advice, they may choose to consult with an attorney through Wealth.com’s preferred network at any time.

At Wealth.com, we are proud to deliver a seamless and worthwhile experience to our members. Our product innovation is driven by our commitment to partnering with our advisors and their clients to find solutions to their problems. For our June update, we’re excited to share new releases. We welcome any feedback or questions: [email protected]

Spotlight: Updated Advisor Dashboard featuring the Activity & Insights Feed

• We released an updated design of our Advisor Dashboard. Alongside a sleeker feel, we’ve also enabled an Activity & Insights feed that provides our partners with information about their clients’ latest activities.
• This feature reflects our commitment to creating transparency between advisors and their clients, facilitating effective and ongoing dialogue about financial and estate planning.

Help Center

Wealth.com was built to take the stress and complexity out of estate planning, empowering people to create plans that secure their future. We’re committed to empowering our partners and members by providing them with the answers they need, when they need them.

We’re excited to share that we now have a Help Center available in-app for both members and advisors. These tools provide answers to frequently asked questions, as well as information about estate planning.

Having a digital Help Center — in addition to educational videos and our Member Success team that offers email, phone and chat support — is part of our dedication to making sure that no matter how you prefer to access information, we have something that works for you.

Wealth.com advisors and members can check it out here.

In Case You Missed It

Members expressed needing to speak with an attorney, so we made that process easy. Through our preferred attorney network, vetted extensively and available in all 50 states and DC, members can now request to speak with expert trust and estate attorneys in their state without leaving the app.

We want to hear from you. Please share your feedback with us!