#156: What is a financial coach's role in a client's estate planning?
Josh and Emily finish up the Estate Planning series by discussing the financial coach’s role in estate planning! What can we help clients with and what should we stay away from?
Takeaways:
- If you have no official certifications related to estate planning (CFP, EA, lawyer, etc.) then your best role is as an accountability partner who says “do you have these things and when were they updated?”
- Refer clients to 2-3 estate planning attorneys, their CFP, or the state Bar association.
- When a client has a big event (buys a house, has a child, gets married etc.), that’s a good time to prompt them to think about estate planning.
- Presenting an attorney with a net worth statement right away can be very helpful.
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