When Should You Hire a Financial Advisor for Estate Planning?

It can be difficult to think about your own passing, let alone consider how your assets will be handled upon your death. Yet, we all have an expiration date, and utilizing estate planning services can ensure that your wishes are fulfilled should you become incapacitated or pass away.

Legacy planning comprises a number of different factors. While the aspects of setting up a will or setting up estate plan documents typically are performed by an experienced legal professional, financial advisors play a role in ensuring that all of your documents and assets align properly with your wishes.

Funeral & Grave Arrangements

Before you go make arrangements so your grieving family is lifted from that burden while they grieve their loss.

Insurance Plans

Make sure that your insurance plans are on point for your financial objectives and security.


Ensure proper arrangements of assets to the Beneficiaries and ensure that your interests are followed after you are gone.

Investment Accounts

Ensure your investments aren't taken away through a loophole in the law. But goes to your named beneficiaries. 

Smooth Transition

Establish the procedures in the event of your death. That your businesses can continue to function optimally after your death.

Business Successor

The ownership of the business and its assets is successfully transferred to the beneficiaries. 

Financial planners can review all of your assets, including investment accounts, insurance plans, and retirement accounts, to make sure they align with your estate plan.

This analysis involves keeping a close eye on your named beneficiaries for all of these financial assets so that they remain current. If a beneficiary passes away or you wish to make changes to your estate plan, the financial planner can help you to ensure your documents are properly updated.


A financial advisor who is experienced in estate planning will know how to review your legal documents. They know the common errors that can lead to problems during the inheritance process. Thus, financial planners can assist you in asking questions of your legal advisor and help to keep any loopholes in your estate plan closed.

Qualified financial planners can also help you to realize how certain financial purchases or sales will affect your estate plan.

For example, purchasing a new home will have an impact on your life outside of a new monthly mortgage payment. You’ll need to update your estate plan to show your new asset and how you want it to be handled upon your incapacity or death.

Estate planning is especially important for those who own their own business. While you may think that you’ll be working for the next few decades, at some point, you’ll need to pass the business on. An estate plan can ensure that your business — and all of its assets — are handled in a way that minimizes disruptions.

A financial advisor can help you to mitigate the financial impact that your passing will have on your beneficiaries. Caring for your family through the creation of an estate plan allows you to give your legacy to your beneficiaries without the headaches and hassle they might encounter otherwise.

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