Holistic Wealthcare Estate Plan Scenario Testing
Uncover blind spots and correct them to avoid negative outcomes.  
I. Identify inadvertent discrepancies.
II. Correct them now.
III. Avoid negative outcomes.

Overview: "Estate Plan Scenario Testing" is an innovative service that applies the Holistic Wealthcare methodology, designed to test and ensure that clients' estate plans align with their evolving intentions and objectives. Drawing from over 27 years of investment advisory experience and adhering to the professional competency standards of the Certified Financial Planner® designation, this service provides clients with the opportunity to hypothetically test their estate plan documents for congruency, coherence, and relevance. 

Discovery Session: All About You
We host a 90 minute discovery meeting designed to uncover the purpose(s) of your stated objectives. Your unique story and factors motivating your intentions cannot be understood by anyone using an impersonal questionaire. Instead, you'll be asked about your family and to expand on personal details you weren't asked before. These may seem like small details you wouldn't think are important but that actually do make a difference, many times between future harmony or chaos. As we progress through the discovery process, it will start to resonate with you HOW these details matter and WHY they are important. You'll finish this encounter will a feeling that we are curious and paying close attention to important details.

I. Initial Assessment

  1. Conduct a detailed review of the client’s current estate planning documents, including:
    • Advanced Healthcare Directives
    • Power of Attorney (POA)
    • Wills
    • Living Trusts
  2. Collect information on the client’s current intentions, values, and objectives through in-person interviews and questionnaires.

II. Scenario Development

  1. Create hypothetical scenarios based on the client’s family structure, financial situation, and potential future changes. Examples include:
    • Changes in tax laws or estate planning regulations.
    • A trustee or fiduciary becoming unable to perform their duties.
    • A beneficiary encountering life events such as marriage, divorce or remarriage with stepchildren, other financial or personal challenges.
    • A minor beneficiary attaining the age of majority.

III. Scenario Testing

  1. Simulate each scenario to evaluate how the estate plan performs. This includes:
    2. ​
  2. Analyzing the compatibility of healthcare and financial directives with stated intentions in consideration of holistic, subjective criteria. 
    • Consideration of equalization strategies for assets that may be indivisible. 
    • Reviewing the distribution of assets to beneficiaries under different conditions and scenarios. 
    • Identifying candidates and alternates contingent successor trustees. 
    • Assessing the suitability of successor trustees and fiduciaries.

IV. Analysis and Recommendations

  1. Provide a concise, yet detailed report outlining:
    • Referral(s) to competent attorneys, legal experts and alternatives. ​
    • Strategies to address potential vulnerabilities,conflicts or ambiguities.
    • Recommendations for updates or modifications to ensure congruence with the client’s goals.
    • Identified gaps or issues in the current estate plan.