CHERRY HILL, N.J. and NEW YORK, March 28, 2018 /PRNewswire/ — Estate planners and advisors have a surprising second job: family therapist. In fact, 44 percent of planning professionals identified family conflict as the biggest threat to estate planning this year, followed by tax reform (25 percent), and market volatility (12 percent), according to the latest survey by TD Wealth. Additionally, over half (53 percent) shared that guardian and beneficiary designations are the most difficult document for clients to tackle when building an estate plan; with Current Will (17 percent) and Power of Attorney (16 percent) vying for second.
“Losing loved ones can be difficult, and talking about what happens when a loved one is gone can be even tougher. We encourage families to start the dialogue early, and make sure they have the right people around the table from the beginning. That includes financial advisors, tax advisors, lawyers, accountants, and family members,” said Ray Radigan, Head of Private Trust at TD Wealth.
Family Drama Causing More Headaches for Estate Planning Professionals than Tax Reform, according to