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Can a Financial Advisor Help With Estate Planning

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Updated on June 20, 2022 by
Can a Financial Advisor Help With Estate Planning
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Yes, they can, but they will only do some parts of your estate planning. Estate planning is a huge topic that can involve a lot of complex financial, legal, and tax planning issues. It is important to have the right professional to help you with your estate plan.

A financial advisor can help with this, but it is important to understand what they are doing and why they are doing it. You may want to consider an estate planning attorney in addition to a financial advisor.

An estate planning attorney can work on the legal aspects of your estate plan as well as help you navigate the financial side of things. This article will give you some basic information about both advisors and attorneys, as well as explain how they differ.

What Does a Financial Advisor Do?

Estate planning advisors can be very helpful in guiding their clients through the complicated maze of family law and probate laws in many states (not all). They can also help with questions such as: “What if my wife gets mad at me?” or “Should I leave my children everything or give them half?”

The Average Household Income in the...
The Average Household Income in the United States

Can a Financial Advisor Help With Estate Planning

They are also experts in dealing with probate court issues, which can be extremely complicated and expensive. Estate planning attorneys are also helpful in the area of asset protection, which is a very important issue for many people.

Financial advisors help people with their investments and financial planning by: Teaching people about investing and managing money. Advising people on how to save money for retirement. Helping people figure out how to pay for college or how to fund a down payment on a house.

They often work with other professionals such as accountants, financial planners, and insurance agents to help with these matters. The financial advisor does not usually have the legal knowledge that an estate planning attorney has but can often provide valuable information and guidance about the legal aspects of your situation.

Financial advisors also offer many types of services such as insurance, annuities, tax planning, estate planning, etc., so they can be quite helpful in many different areas of your life as well as being valuable sources of information about all types of investment vehicles.

It is important to remember that although they are typically more educated than an average person when it comes to investing or managing money.

Why Should You Consider a Financial Advisor Instead of an Estate Planning?

Advisors if you are in the early stages of planning your estate, it is a good idea to work with an attorney who can help you navigate the legal aspects of estate planning as well as provide valuable information about the different investment vehicles available.

You may want to consider an estate planning attorney who can help you with all aspects of your estate plan, including investments and asset protection. A financial advisor is not usually capable of providing that level of expertise, although they can provide valuable information about various investment vehicles.

They are also likely to be more knowledgeable about how various laws work in different states and therefore can help you navigate the maze that is family law and probate laws in your state.

However, many people do not have access to a financial advisor because they simply do not know where to go for one. If you are in this situation, I recommend looking for a local financial planner or meeting with a local bank branch representative for advice about investing and managing money so that you will have someone knowledgeable to consult with on any legal issues that may arise.

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