“Clients often spend years building estate plans yet devote little time to preparing the people who will eventually be affected by them. Beneficiaries may not understand trust provisions, distribution restrictions, fiduciary responsibilities, family governance expectations or the reasoning behind key decisions.
“Advisors can help close that gap before a wealth transfer occurs. That may involve introducing family members to the advisory team, helping heirs understand the purpose of a trust, facilitating discussions about future responsibilities and working alongside estate planning attorneys and other professionals to help families prepare for important transitions.”
(continued)
● “The Estate Plan Is Only the Beginning: What Advisors Need to Know,” Tara Popernik, CFA®, CFP®, Executive Vice President, Wealth Planning, for LPL Financial, 10/7/26:
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