Category: Estate Planning
Vanilla
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Oct 08, 2025
10 Questions Every Advisor Should Ask Before Choosing an Estate Planning Solution
By nature, the practice of estate planning has a level of seriousness and substantiality that few other advisor-client conversations will ever reach. When you bring technology into that process, you want to make sure it reflects the importance of the topic at hand. Choosing an estate planning software that brings the appropriate credibility and accuracy is no small task, and it’s easy to get lost in the details when comparing solutions. To help cut through the noise, we built the Buyer’s Guide to Estate Planning Platforms for Advisory Firms, which walks through the criteria to consider when choosing a solution...
Vanilla
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Sep 25, 2025
45,000 Documents Later: The Most Common Estate Planning Mistakes
Estate planning is one of the most impactful ways advisors can help clients protect their families, preserve wealth, and ensure their intentions are honored. Yet, despite its importance, we’ve seen time and again that estate plans—even carefully drafted ones—often contain blind spots. At Vanilla, we’ve abstracted over 45,000 estate planning documents. This vantage point provides a unique window into the recurring mistakes and oversights that surface in client plans. For advisors, understanding these pitfalls is critical not just for catching errors, but also for building trust and proactively guiding clients through difficult conversations. Below are the most common mistakes we...
Vanilla
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Sep 09, 2025
4 Lessons from Steve Lockshin’s Estate Planning Playbook
As an advisor, you probably know how rare it is to retain AUM after the death of the primary wealthholder. You may also know that there’s a proven way to decrease the likelihood of getting fired when the relationship passes to a surviving spouse or the next generation: estate planning. Advisors who engage their clients and clients’ families in estate planning are more likely to retain assets as they transfer to a surviving spouse or next generation. If wading into the waters of estate planning with clients seems intimidating, we have practical advice for navigating these conversations and processes. Here,...
Vanilla
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Sep 03, 2025
10 Helpful Benefits of Trusts You Should Know
Trusts are one of the most versatile and frequently used tools in estate planning. Not only do they help clients protect their wealth, they can also provide clarity, flexibility, and peace of mind for families. Whether you work with high-net-worth clients, blended families, or individuals who simply want more control over their legacy, trusts offer benefits that go far beyond what a will alone can accomplish. In this article, we’ll explore 10 helpful benefits of trusts you should know, and the strategic advantages each offers for clients. 1. Avoiding probate saves time and costs Probate is the court-supervised process of...
Vanilla
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Aug 20, 2025
What Are Letters of Administration and How to Obtain Them
When someone passes away without a valid will, it can create significant challenges for their heirs and loved ones. Letters of administration are provided by the probate court once an estate is opened and are crucial in such cases as they grant the legal authority to an individual to manage and settle the deceased’s estate. In the absence of a will, obtaining a letter of administration is the first step in the probate process. Letters of administration give the estate’s executor the power to handle the deceased’s financial obligations, sell property, and distribute the estate to its heirs in accordance...
Vanilla
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Aug 06, 2025
12 Probate Documents to Include in Your Probate Checklist
Probate—the court process of settling an estate—can be a complicated, time-consuming process. It’s also document-heavy. Having all the necessary documents in order can help streamline probate, reducing potential conflicts and hang ups. [embed]https://justvanilla.wistia.com/medias/vd3bfy1xvp[/embed] There are 12 essential documents that should be part of every probate checklist, each of which plays a part in ensuring the estate is properly administered and that the decedent’s wishes are honored. In this article, you’ll learn what each document is, how to obtain it, and what purpose it serves. Making sure you have and understand all the necessary documents can help make probate a smoother...
Vanilla
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Jul 23, 2025
Starting the Conversation: 12 Estate Planning Questions to Ask Clients
Estate planning is one of the most important conversations you'll have with your clients, yet it's often one of the most overlooked. While many people think estate planning is simply about filling out forms and signing documents, the reality is far more nuanced. True estate planning begins with understanding what your clients truly value and ensuring their deepest wishes are reflected in their plan. The key to successful estate planning lies in asking the right questions during that crucial initial consultation to help you understand not just your client's financial situation, but their hopes, fears, and long-term goals for their...
Vanilla
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Jul 11, 2025
Does a Will Avoid Probate? The Truth and Common Misconceptions
A persistent, common misconception is the belief that having a will helps to avoid probate. Clients frequently assume their carefully crafted will protects their family from probate and its potentially lengthy court proceedings, expensive legal fees, and public disclosure of financial information. The truth often surprises clients: wills require probate to be legally effective in most situations. Understanding this relationship, and knowing how to educate clients about effective probate avoidance strategies, can significantly improve your advisory relationships while helping families achieve their actual estate planning goals. Why probate avoidance matters to your clients It's crucial to understand why probate avoidance...
Vanilla
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Jul 10, 2025
Top 8 Benefits of Estate Planning (And Why It Matters)
Introduction Imagine a family caught off guard by the sudden loss of a loved one—left scrambling to make legal decisions, untangle financial assets, and settle emotional disputes without a clear plan. Unfortunately, this is a common reality for families without an estate plan. Many people delay or avoid estate planning due to common misconceptions: “It’s only for the wealthy,” or “I’m too young to need it.” In truth, estate planning is not just for the ultra-rich or elderly—it’s a critical process that benefits people of all ages and financial backgrounds. Whether you want to protect your children, support a charitable...
