Vanguard Offers New Digital Estate Planning Tools

Vanguard on Thursday announced the launch of an enhanced suite of estate planning tools and services for clients to use with their advisors.

The new intergenerational wealth and legacy planning capabilities are being delivered via a partnership with Vanilla, a provider of digital estate planning tools and solutions.

According to Vanguard’s announcement, the offer was successfully piloted over the past year to a small group of eligible advised clients within the Vanguard Personal Advisor Wealth Management program, which has a $5 million asset minimum for enrollment. It will now scale up to provide more ultra-high-net-worth Vanguard investors with a “powerful visualized approach” to help manage and achieve their current and future estate planning objectives.

As the announcement points out, estate planning is a critical element of financial planning today, but its complexity can often be daunting for investors and advisors alike. Thus, a well-designed estate planning approach complemented by the right tools and technology can empower individuals to manage their legacy planning in accordance with federal and state tax rules.