It’s very important to have a will as it ensures people that their final wishes are met. With a will, you get to choose your executor, dedicate someone that you trust to care for your children, and avoid any inheritance dispute. But although anyone can write their own will, not everyone is well-versed in the will-writing procedure.
As a financial planner, you get to offer will-writing as a value-added service for your client. This will add to your portfolio and open new career opportunities for you. Let us explain further...
A will is a legal document in writing that is signed by the will writer, the testator, and the executor to allocate the will writer’s assets. Although will-writing is important and can be done by anyone, not everyone is prepared to go through the process. This is because, without the proper knowledge of will-writing, complications may arise in the future.
The easier way to write a will is to consult a professional—this is where a financial planner, such as you, comes in. With your current financial knowledge, you get to use will-writing as a value-added service. Use this as a feature to your core products and enhance your user experience and service.
Will-writing service on its own is already profitable. But when you use it as an add-on service, you get to generate additional revenue, increase additional demand for your services, and stand out as a financial planner.
As a financial planner, you will have to work closely with clients, manage their finances, and build their wealth from the ground up. Throughout this financial planning process, you will have created a strong and lasting relationship with them. As you help your clients plan for retirement, you can also assist them in their estate planning.
Financial planning doesn’t end after one’s passing. The wealth accumulation can be distributed to family members and friends, according to the will writer’s wishes. The same goes for the wealth that you have helped to amass and protect, they can also be passed down to your client’s family members or friends. As a financial planner, you have extensive knowledge of the client’s financial portfolio, thus, you are the best person to assist them in their will-writing process.
Here’s what you can do to offer will-writing as an extension of your financial services:
All in all, will-writing is a skill that is beneficial to all, especially for financial planners. When you master will-writing, you get to improve your financial knowledge and skills, as well as create new career opportunities for yourself.
Here at KWO, we are always encouraging our financial planners to upskill themselves and achieve new heights. If you are new in the financial services industry, our team of experienced financial planners will surely guide you and give you a head start in this career. If you seek a promising career with a work-life balance, join us today!