EncorEstate Plans provides financial advisors with a streamlined estate planning platform that utilizes state-specific document creation and human review to ensure accuracy and compliance. This service addresses the common challenges of client procrastination and complexity in estate planning, enabling advisors to efficiently create tailored estate plans in as little as 20 minutes.
Funding
Funding not disclosed
Founders
Product
Problem
Financial advisors face challenges in efficiently offering comprehensive estate planning services to their clients due to the complexity of state-specific legal requirements and the time-consuming nature of document preparation. Many clients also procrastinate on estate planning, leading to incomplete financial plans.
Solution
EncorEstate Plans provides financial advisors with a platform to create customized, state-specific estate plans for their clients, streamlining the estate planning process. The platform offers attorney-drafted templates for various estate planning documents, including trust-based plans, will-based plans, and power of attorney documents. Every document undergoes a human review process to ensure quality control and accuracy, reducing errors and providing advisors with support from estate planning professionals. Advisors can either guide clients through the process or provide a link for clients to complete the information independently, and the platform also offers visual plan summaries to facilitate client understanding.
Target Audience
The primary target audience consists of financial advisors who want to offer estate planning services to their clients as part of a holistic financial plan.
Features
- State-specific estate plan templates drafted by attorneys, covering all 50 states
- Human review of all generated documents for quality control and error reduction
- Visual plan summaries to illustrate complex estate plans in an easy-to-understand format
- Advisor-driven or client-driven workflows for flexible data input
- Custom document creation, including special needs trust provisions and corporate trustee language
- Integration with deed preparation and filing services to fully fund trust-based estate plans
- Extensive help center with training and client-facing resources for advisors
- Pay-as-you-go pricing model with no subscription required