Product Updates Archives

What’s new at Wealth.com – May 2024

Can you believe 2024 is nearly halfway there? Us neither. But with another passing, we have another batch of product news and updates we’re thrilled to share. Check them out below.

Have any questions or feedback? Reach out at [email protected]

See the Impact of State Estate Taxes on a Client’s Estate

Advisors can now take into consideration the impact of state estate taxes on their clients’ taxable estates in our Taxable Estate Analysis—available in our Visualization Suite (TM).

This update allows advisors to illustrate the federal and state tax liabilities that may be due before and after the Tax Cuts and Jobs Act (TCJA) sunsets in 2025.

This simplified analysis allows advisors to help their clients understand the value of potential tax planning strategies they may be able to take advantage of today.

Sales Tax Projections in Wealth.com's Visualization Suite

Mark a Client’s Signed Documents Complete & Store in their Vault

We’ve given advisors the ability to mark a signed document as complete on the behalf of a client. Advisors can now also upload the signed document and store it in the client’s Vault for safekeeping and easy access.

Financial advisors can now mark estate plan documents as complete in their wealth.com dashboard

Enhancements & Updates to How a Client’s Estate Plan Information is Organized

We’ve updated our framework for storing information about your clients’ estate plans. This update allows you to better organize and summarize key pieces of information, as well as pull that information into visualization reports.

Examples of new fields being captured include:

Decision makers
Trust termination events
If the trust is exempt from generation-skipping transfer tax (GST)

Creating a Dynasty Trust contact card on wealth.com

This month’s EsterTM enhancements

We released a new version of EsterTM to allow for an increased speed in extractions as well as additional optimization and stability.

We take pride in collaborating closely with our advisor partners and their clients to offer tools for creating, visualizing and managing estate plans effectively over time. Your feedback is invaluable to us, so please don’t hesitate to share your thoughts with us by emailing us at [email protected].

What’s New at Wealth.com – April 2024

As we step into the second quarter of 2024, the wealth.com product team is thrilled to announce some new product features and enhancements aimed at providing ongoing value to our advisor partners and their clients. Check out our April 2024 releases below.

Feel free to ask any questions or share your feedback by emailing us at [email protected].

Understanding Your Client’s Potential Estate Tax Liability Pre and Post TCJA Sunset

Built using key information extracted by Ester™ from Form 709s, the wealth.com Taxable Estate Analysis provides a breakdown of clients’ potential estate tax liability, crucial for assessing transfers subject to federal gift and generation-skipping transfer (GST) taxes. The visualization instantly calculates unified estate and gift tax exemption for our advisor partners’ clients, highlighting remaining exemptions pre- and post-Tax Cuts and Job Act (TCJA) sunset in order to help optimize tax savings by utilizing the remainder of their gift tax exemption amount.

This Month’s Enhancements to Ester™

We‘re continuously improving Ester™ , our AI estate planning document extractor, to simplify the review process for our advisor partners. This month’s updates include the following:

Edit extracted information: Advisors can now seamlessly make edits to information extracted by Ester™ from the Review page, ensuring convenience in any needed customizations.
Section Summaries: We’ve introduced new AI-generated summaries alongside extracted information to help streamline the review process and provide additional context.

Visualize Existing Estate Planning Documents

Upon uploading an external Will or Trust and verifying the extracted information, a new visualization report is automatically generated displaying key information identified in the existing estate planning document. Advisors can access these visualizations immediately and customize them during the extraction process.

What’s New at Wealth.com – March 2024

We’re only a couple of months into 2024, but wealth.com’s product team has been hard at work to deliver exciting new features. With a focus on providing continued value to our advisor partners and their clients, check out our newest releases below.

We welcome any feedback or questions: [email protected].

Build Your Client’s Ownership Balance Sheet

Advisors are now able to build out their client’s Ownership Balance Sheet, starting with creating assets and further recording ownership and beneficiary designations on their client’s behalf. Understanding how assets are owned is essential for financial and estate planning, and the Ownership Balance Sheet helps advisors bridge the gap with their clients to create a properly structured estate plan and make it easier for loved ones and decision-makers, such as an executor, to administer assets when the time comes.

Salesforce Integration

Wealth.com was built to fit seamlessly into financial advisors’ existing tech stacks, ensuring you keep your operations and client information organized from your preferred access point. Our advisors who use Salesforce now have visibility into their client’s complete estate planning process directly from their CRM, including updates about client activity and quick information about the status of their documents. Read more about our integration with Salesforce here.

Customized Sub-Trusts for Joint Revocable Trusts

We’re excited to announce that we’ve enhanced the ability for clients to better customize their Joint Revocable Trust to include sub-trusts, including a Marital Trust, Trust for Descendants, or a simpler Holdback Trust. As your client drafts their Joint Revocable Trust, their answers will help them to determine whether any of these sub-trusts should be included in their document. Please note that the ability to include a customized Marital Trust and/or Trust for Descendants is available for your client in their Individual Revocable Trust workflow and is coming soon for the Last Will & Testament.

We are proud to work closely with our advisor partners and their clients to provide the tools to create, visualize and manage their estate plans over time. We want to hear from you. Please share your feedback with us!

Announcing Sub-Trusts for Joint Revocable Trusts Now Available

We are continuously focused on developing new solutions to provide advisors and their clients with a comprehensive platform that maintains the quality and rigor expected in estate planning. That’s why we’re excited to announce that we’ve enhanced the ability for users to better customize their Joint Revocable Trust to include sub-trusts, including a Marital Trust, Trust for Descendants, or a simpler Holdback Trust.

These sub-trusts have several advantages, including the ability for strategic tax planning and ensuring that your clients’ wishes and objectives are met after they’ve passed on. As your client drafts their Joint Revocable Trust, their answers to questions asked by our platform’s intelligence engine will help determine and suggest whether any of these sub-trusts should be included in their estate plans.

Please note that the ability to include a customized Marital Trust and/or Trust for Descendants is available for your client in their Individual Revocable Trust workflow and is coming soon for the Last Will & Testament.

Marital Trusts can be beneficial for:

Blended families
High net worth couples who would like to minimize the taxes their estate might owe at their death
Couples with assets they want kept within the family, like a family business

A Marital Trust is a specific type of sub-trust typically used when estate planning for spouses to maintain some control over how the surviving spouse invests or uses the assets of the first spouse to pass away, and to provide flexibility to trustees to protect specific assets and values from estate tax liability.

You can learn more about Marital Trusts here.

Trusts for Descendants can be beneficial for:

Those who are concerned about their descendant’s ability to handle their finances
Those who may pass away with a taxable estate
Deciding an age at which descendants will receive their inheritance

A Trust for Descendants is a specific type of sub-trust that is created for the benefit of a child or grandchild, and allows a trustee to help the beneficiary manage their inheritance.

You can learn more about Trusts for Descendants here.

If you have any questions or would like further information, please reach out to your Client Success Manager or email [email protected].

Salesforce Integration Now Available on Wealth.com

We’re focused on providing an exceptional and seamless experience for all of our advisors. That’s why we’re excited to announce our latest integration with Salesforce.

For our partner advisors that rely on Salesforce as their source of records for all client activity, they can now have complete visibility into their client’s estate planning progress directly in their CRM.

Not only will advisors be able to gain insights into their clients’ estate planning progress on wealth.com, they’ll also get automatic activity updates notifying them of client activity or optimizations needed.

Some of the activity and updates that is available directly in Salesforce includes:

Account Status: Status of the client’s account (e.g. invited, active, declined).
Estate Plan Status: The client’s overall progress to complete the documents recommended to draft in their Plan.
Document Status: The individual status of each estate document that is either included in the client’s Checklist as a recommended document to draft, or was accessed and started by the user through the Document Library on the My Plan page.
Client Last Login Date: The last date a client logged in to their account.
Emergency Access Contacts: Emergency Access contacts added by a client, including email address and status of the invitation.
Client Plan Selection: The estate plan a client has chosen.
Change in Document Status: See if a client has made a change in an individual document (e.g. client began their Joint Revocable Trust).
Added, deleted or changed ownership of an asset: See if a client has recently added or removed assets, or if they have updated ownership of specific assets.
Client moves states: Get a notification if a client moves across state lines prompting so you can review if their estate plan documents need updating (via our Zillow integration).
Client requests shipment of estate plan documents: Get notified if a client requests within their wealth.com account to get a hard copy of their estate plan documents.
Attorney consult request: You’ll see an activity update that your client has requested a consultation with an attorney in wealth.com’s Attorney Network.
Client’s child turns 18: You’ll receive a notification if a client’s child turns 18, allowing you to review if their estate plan documents need to be updated.

Setting up the wealth.com integration in your Salesforce instance is simple and can be done in two ways:

1. If you have a Salesforce admin or developer that manages your integrations, they can reach out directly to [email protected] to establish the connection with the wealth.com team.

2. Follow the detailed instructions that you can find by reaching out to your Client Success Manager.

If you have any questions or would like further information, please reach out to your Client Success Manager or email [email protected].

2023 Year in Review

2023 was a transformative year for wealth.com.

We want to thank you for being an integral part to our continued success as our accomplishments happen in partnership with you and your clients.

We’re even more excited about what 2024 has in store, but before we look ahead, we’re thrilled to share some of our key accomplishments from 2023.

Major Product Features

We take a proactive approach to product innovation, continuously expanding our offering and improving the experience for both advisors and members. Here are some highlights of what we launched last year:

Visualize Client wealth.com Estate Plans

Whenever your client creates an Estate Plan through wealth.com, we automatically generate a visualization of their documents to simplify their decisions into real terms and help facilitate conversations around how their assets will be distributed based on different scenarios.

Extractor by Ester™

We built a first-of-its-kind artificial intelligence model that saves advisors hours of reviewing clients’ existing estate plans by extracting key information from estate planning documents in a matter of minutes to be saved in a summary report to review with clients.

Enhanced Guidance for Document Creation

We expanded our embedded intelligence layer to better support members along their estate planning journey, including improved document matching for members who are recommended Couples Trust Plans to draft a Joint Trust or 2 Individual Trusts, as well as tips and checks within the document creation workflows that are triggered based on client’s actions.

Advisor Activity Feed and Wealth Insights

Check on all your clients’ activity and progress through the advisor activity feed. Learn as you go with wealth insights that help you understand how each of your client’s changing circumstances impacts their plan recommendation. We also added the ability for you to add notes to client activity updates.

Advisor/client collaboration features

Pre-Fill Client Onboarding: Facilitate client onboarding and document drafting process with pre-filled basic information to help your client get started.
Contact Card Creation: Set up the key people in their lives to help clients have a starting point for document creation.
Store files in your client’s Vault: Upload files directly to your client’s vault, a central file repository within wealth.com, and accessible to their designated emergency contact in the case of a life-changing event.
Print & Ship on Behalf of Your Client: Help your client sign their documents. You can also request a shipment of their documents.

Integrations

Our mission is to fit seamlessly into the rest of your business operations, giving you the information you need, where you need it. We enhanced our integrations to allow advisors to access clients’ estate planning information directly from Wealthbox and Redtail.

New Podcast

We introduced our podcast, “The Practical Planner,” hosted by Anne Rhodes, our Chief Legal Officer, and Thomas Kopelman, our Head of Community, who has also been recognized as a Top 100 Advisor by Investopedia. The podcast details everything advisors need for effective estate planning and more.

Wealth.com on the Road

In 2023, wealth.com participated in over a dozen events across the United States including Future Proof, Schwab IMPACT and MarketCounsel Summit to showcase why we are the leading estate planning platform tailored for advisors.

And look out for us in 2024! We’re wasting no time in getting back on the road and we hope to see as many of our clients, partners, and friends as possible.

Wealth.com in the Media

Maybe you saw us in the news last year? We secured nearly 100 media placements, including features in renowned publications like WealthManagement.com, Fortune, ThinkAdvisor, Wealth Solutions and many more to spread the word about the impact of estate planning, and how to make it an integral part of advisor and client relationships.

As we look forward to the opportunities that 2024 holds, we remain dedicated to providing our advisor partners and your clients with industry-leading tools to create, manage and visualize their estate plans continuously.

What’s New at Wealth.com – December 2023

At Wealth.com, our commitment is to provide our advisor partners and their clients with best-in-class tools to create, manage and visualize their estate plans on an ongoing basis. The foundation of our comprehensive ecosystem is a steadfast commitment to maintaining quality and rigor, and an embedded intelligence layer to simplify the estate planning process. Check out the newest releases below. We welcome any feedback or questions: [email protected]

Document Matching for Clients on Couples Trust Plans

The Wealth.com platform is designed to guide members to make decisions based on their unique needs, which begins during their Onboarding process. For clients who are recommended a Couples Trust Plan, we extended our logic to take into consideration additional factors outside of their state of residence to guide them to draft either a joint revocable trust or two individual revocable trusts. These factors include whether couples file their taxes jointly, and have common beneficiaries and decision-makers in mind to be responsible for their estate. Clients also have access to answers to frequently asked questions to understand how each circumstance impacts their trust document recommendation.

Use Extractor by Ester™ Before Inviting Clients:

Advisors are now able to use Extractor by Ester™ as a stand-alone tool without inviting clients to create a Wealth.com account. With this new option, advisors still have the flexibility to invite their clients at a later date.

Document Enhancements:

We continuously optimize our document creation offering for clients to have a seamless experience from drafting to signing their documents. For clients who draft a Joint Revocable Trust, their document output now includes a Certificate of Trust that is optimized for their state of residence to certify the existence of the trust and provide key details. Clients who have drafted an Individual Revocable Trust already have a Certificate of Trust included in their document output.

We want to hear from you! Please share your feedback with us: [email protected].

What’s New at Wealth.com – November 2023

Wealth.com has built a comprehensive ecosystem to simplify the estate planning process while remaining dedicated to maintaining quality and rigor. We are proud to work closely with our advisor partners and their clients to provide the tools to create, visualize and manage their estate plans over time. Check out the newest releases below. We welcome any feedback or questions: [email protected].

Share Files With Your Clients

To help organize important information for clients in one secure place, advisors are now able to upload and store files directly to their client’s Vault. With this functionality, advisors are now able to upload signed copies of their client’s estate planning documents and soon they will be able to confirm on their client’s behalf that their documents have been signed.

New Client Activity Updates

We continuously add new activity updates for our advisor partners to leverage to engage in thoughtful touch-points with clients. These updates provide advisors with ultimate transparency about their client’s Wealth.com account activity and progress in their estate planning journey.

Client Changed Address: Advisors now receive an activity update when their client updates their address in-app. This activity update lets the advisor know the client’s latest address, as well as their previous address on file. Soon, this update will be paired with an insight for advisors to consider reaching out to their client to update their estate plan if it has already been drafted to ensure their documents reflect the laws of their current state of residence to ensure effectiveness and ease of administration.
Client Requested to Consult an Attorney: Wealth.com offers a hybrid approach to the client experience, offering clients the ability to speak with an attorney in our preferred network. Now, when an advisor’s client requests to consult an attorney, we share that information back to their advisor and provide supporting information about their client’s request.
Client Requested a Print & Shipment of Documents: Our advisor partners are now notified when their client requests to have copies of their documents printed and shipped. This update can be leveraged for our advisor partners to coordinate their client’s signing their documents and helps them to track their progress on completing their estate plan.

Document Enhancements

Customized Sub-Trusts for the Individual Revocable Trust: We’ve enhanced the ability for clients to better customize their documents to include sub-trusts, including a Marital Trust, Trust for Descendants, or a simpler Holdback Trust. As your client drafts their Individual Revocable Trust, their answers will help them to determine whether any of these sub-trusts should be included in their document. Please note that the ability to include a customized Marital Trust and/or Trust for Descendants is coming soon for the Joint Revocable Trust and Last Will & Testament.

Document Optimization Based on State Law Changes: We continuously update our documents to ensure they reflect the latest in state law. We updated our Financial Power of Attorney form based on changes to Vermont law to reflect the latest statutes.

We want to hear from you! Please share your feedback with us: [email protected].

What’s New at wealth.com – October 2023

Wealth.com is dedicated to simplifying the estate planning process while remaining steadfast in our commitment to maintaining quality and rigor. We are proud to work closely with our advisor partners and their clients to provide the tools to create, visualize and manage their estate plans over time.

Check out the newest releases below. We welcome any feedback or questions: [email protected].

Ongoing Ester™ 1.0 Optimization

We continue to make enhancements to Ester™ , our AI estate planning document extractor, including the following enhancements:

Insights: Released new insights, including if we see a document is governed by one state but the client resides in another. This powers advisors to have thoughtful conversations with their clients about the status of their existing estate plans, and possible areas to address when they’re ready to make an amendment or restatement.
Professional Reviews: We added the optionality for advisors to request a manual review of documents run through Ester™. For those who would prefer to not review information extracted by Ester™, this allows them an alternate way to still receive a summarized snapshot without having to cross-check the output with the document itself.
Gift Tax Returns: We expanded the capabilities of Ester™ to extract information from Form 709s to summarize and calculate estate tax details.
Training: Ongoing training of the model to read estate planning documents for higher F1 accuracy results.

Advisor and Client Collaboration

Not only can advisors pre-fill factual information on behalf of their clients to expedite the account creation process, but we are pleased to announce that advisors are now also able to create and edit contact cards for their clients.

The ability to collaborate with clients through contact cards better allows clients to begin their documents with key people already available as options to select within their document creation workflows. New collaboration tools will be coming soon, including Vault and Asset collaboration.

Document Creation

Joint Revocable Trusts for Florida Residents: Members in Florida are now able to create a Joint Revocable Trust. To help clients understand whether this document type is applicable to them and nuances between drafting two individual revocable trusts versus one joint revocable trust, read more here. Please note that at this time, members in Georgia and New York are not able to create a Joint Revocable Trust, though this capability will be coming soon.

Document Optimization: We continuously optimize our documents to ensure that we maintain the quality and rigor of our offering. We do this by partnering with local counsel in all 51 U.S. jurisdictions. In partnership with local counsel in Indiana, we updated our Revocable Trust documents to stay up-to-date with nuances to state law.

We are proud to work closely with our advisor partners and their clients to provide the tools to create, visualize and manage their estate plans over time.

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

What’s New at Wealth.com – September 2023

Wealth.com is proud to work closely with our advisor partners and their clients to provide highly effective tools to create, visualize and manage estate plans over time. Check out the newest releases below. We welcome any feedback or questions: [email protected].

Document Creation:

Document Optimization: Wealth.com partners with local counsel in all U.S. jurisdictions to ensure that we maintain quality and legal rigor of our documents. This continuous feedback loop helps ensure documents stay up-to-date with nuanced customizations. For example, Idaho recently released new laws that went into effect this summer, and we’ve optimized our Advance Health Care Directive forms to reflect these changes.

Joint Revocable Trusts for Common Law States: Wealth.com has always offered Joint Revocable Trusts to our members in community property states. Based on demand in other jurisdictions, we partnered with advisors and our legal experts to expand our offering to members in common law states. Learn more about the nuances between drafting two individual revocable trusts versus one joint revocable trust here.

Ongoing Support: Product Tours

Wealth.com provides ongoing guidance to ensure advisors and clients feel supported in their estate planning conversations. This includes on-demand resources like our digital Help Center, embedded content throughout the application, and the new in-app tours that help advisors and clients take full advantage of the tools available to them.

Printed Copies Securely Shipped:

You asked and we listened. We’re pleased to announce that advisors are now able to request through their advisor portal to have copies of their clients’ documents printed and shipped. This new capability allows advisors to pay for a shipment to be sent to their office to be signed at an upcoming meeting with the client, or directly to their client’s home.

Please note, estate planning documents for Louisiana may differ from other states. Reach out to our team to explore the most suitable options for your clients.

Latest Integrations in Wealth.com

Providing our advisors with a seamless experience is central to what we do. We are proud to launch two new CRM system integrations with Redtail and Wealthbox.

For our advisor partners who use either Redtail or Wealthbox as their CRM, they now have visibility into their client’s estate planning progress directly from their CRM.

In Wealthbox and Redtail, advisors will have the ability to see into the status of their clients’ account creation, plan selection, progress in drafting estate planning documents, as well as other updates regarding their clients’ activity.

Wealth.com will be hosting a webinar with Wealthbox on Thursday, September 28th at 2PM ET / 11AM PT to showcase the integration for our advisor partners. Sign up here

How Advisors Use Wealth.com + Wealthbox to Provide a Reimagined Approach to Estate Planning

If you would like to learn more about how we partner with financial advisors, please reach out to [email protected].

What’s New at Wealth.com – August 2023

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].