The Family Estate Organizer (FEO) is a holistic financial planning tool that handles the process of settling an estate, as well as assisting the family and any professionals involved.
The FEO
streamlines and organizes all essential personal information and financial documentation into a single comprehensive binder.
There is typically one individual that handles the coordination and organization of the family’s financial life.
The Family Estate Organizer provides a centralized location for all crucial information and becomes a go-to resource for the client and their family. Including:
It creates peace of mind for the client and their loved ones.
Having a customized FEO built can save a family a lot of time, energy, and heartbreak after an already devastating loss.
An Estate Organizer can accompany the client to the funeral home or attorney’s office, etc.
We’ve all been there. Collecting and organizing an entire lifetime’s worth of documents is stressful and frustrating.
Introducing an Estate Organizer during your first meeting can help show your client the value of holistic financial planning tools and ensure everyone is on the same page.
The FEO covers everything, including:
The FEO combines all the clutter and paper that arises during the resolution of an estate into a single easy-to-follow binder.
When a new couple comes into the office, they’re often overwhelmed by all the paper they’ve accumulated and don’t know where to start.
It’s common that only one of them has been handling the family finances, and the other is clueless.
So, the first step is getting them organized and on the same page so that everyone is speaking the same language. Ensure all parties understand their net worth, cash flow analysis, and basic concepts like the money cycle.
Learn more about financial advisor client communications.
Utilizing the FEO in your first meeting with clients will put their minds at ease and educate them on The Bucket Plan® principles like the money cycle and planning for now, soon, and later.
An Estate Organizer is much more than a simple financial or legal tool.
It stores all important client information that allows the survivors to better handle the estate upon a client’s passing, such as:
The Family Estate Organizer also helps wealth professionals to:
This is an all-in-one tool that sets clients up for success and helps you develop rapport with your clients.
Financial Professional Use Only
Tax laws and rulings can frequently change. Please discuss the client’s current situation with an accountant or tax advisor.