Will Your Estate Plan Survive a Stress Test? (Ep. 81)
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Creating a financial or estate plan is never a one-and-done endeavor. How can advisors help identify the potential problems in a plan and correct the problem before it happens to the client?
In this episode, Royal Standley focuses on stress testing financial and estate plans to ensure the clients have saved enough for the lifestyle they are accustomed to. Royal shares how he helps clients identify their needs and discover possible problems before they happen.
Royal discusses:
- The basics of estate planning documents and their importance
- What he looks for when identifying a clients estate and updating financial plans
- Why stress testing financial and estate plans is essential in identifying financial gaps
- What questions do advisors ask to adapt the financial plans for their client’s goals
- And more!
Connect with Royal Standley:
- Oregon Pacific Financial Advisors
- About Royal Standley
- Schedule Online with Royal Standley
- (541) 772-1116
- Email Royal Standley
Resources:
- Episode 73: How to Avoid Becoming an Estate Planning Horror Story
- Episode 6: It’s Never too Soon to Start Estate Planning
Discussions in this show are for educational purposes only. Information presented should not be considered specific investment advice or a recommendation to take any particular course of action. Always consult with a financial professional regarding your personal situation before making financial decisions. The views and opinions expressed are based on current economic and market conditions and are subject to change. All investing involves risk, including the potential for loss of principal. Securities offered through United Planners Financial Services (UP), Member FINRA/SIPC. Advisory Services offered through Oregon Pacific Financial Advisors, Inc. (OPFA). OPFA & UP are independent companies. Neither OPFA nor UP offers tax or legal advice.