LifeSync®, our approach to support your financial needs
LifeSync helps you sync your finances with your values, priorities, and goals into one cohesive lifelong experience that evolves with you. It’s how we approach advice and planning. Our goal is to provide an experience that empowers you to help you make informed, confident decisions and adjust as your goals and life may change.
There are five stages in the LifeSync experience to help you answer questions most important to you — whatever your journey:
There are five stages in the LifeSync experience to help you answer questions most important to you — whatever your journey:
Step 1: Understand
We listen and ask questions to discover who and what is important to you. This helps you define your values, goals, and priorities.Step 2: Plan
We can create a personalized plan to connect the pieces of your financial life using robust technology to simplify complex planning. Collaboration between you and our team is a key part of fine-tuning the plan to clarify goals and set the stage for the future.Step 3: Propose
You will have choices to make. LifeSync helps you compare your options and make informed decisions with the help of “what if” scenarios.Step 4: Implement
It’s time to put preparation into action. Your plan may include custom solutions and strategies to help you move the needle closer to achieving your goals.Step 5: Revisit
As your life changes — as it inevitably will — LifeSync helps make it easier for you to adjust a plan through actively connecting with our team and access to mobile technologyWhat Is the State of Your Estate?
Formally documenting your wishes for your estate may seem daunting, as it involves grappling with your mortality. But it is crucial part of a comprehensive wealth plan, one that goes beyond finances and cash flow.
Formal estate plans can help:
It’s important to remember that your estate plan isn’t set in stone. You should revisit it at least annually to account for changes to your goals or life. We can refer you to Wells Fargo affiliates or work with your existing estate plan provider to provide crucial guidance for this pillar of effective wealth management.
The number of documents in your estate plan will depend entirely on your circumstances, but these five can be considered must-haves for most people.
Will – This legal document expresses your wishes for distributing your property after you die. Establishing a will is important, especially if you have minor children or significant assets.
Durable Power of Attorney - This gives someone else authority to make financial decisions on your behalf if you become unable. This is highly recommended as it ensures your finances will be handled properly if you cannot do so yourself.
Healthcare Power of Attorney - If you can’t communicate your wishes regarding your care, this document ensures they will be honored in the event of your incapacitation.
Living Will - This outlines your wishes for end-of-life care, including life support or other medical treatments.
Revocable Living Trust - With this document, you can avoid probate court and distribute your property according to your wishes after you die. This can save time and money while adding an additional layer of privacy.
Trust services available through banking and trust affiliates in addition to nonaffiliated companies of Wells Fargo and its affiliates.
Wells Fargo and Company and its Affiliates do not provide tax or legal advice. Be sure to consult with your tax and legal advisors before taking any action that could have tax consequences. Any estate plan should be reviewed by an attorney who specializes in estate planning and is licensed to practice law in your state.
Wealth & Investment Management offers financial products and services through bank and brokerage affiliates of Wells Fargo & Company. Bank products and services are available through Wells Fargo Bank, N.A., Member FDIC.
Formal estate plans can help:
- Lead to timely, efficient estate settlement and distributions to beneficiaries
- Reduce potential family dynamics issues
- Prevent unwanted tax liability
- Provide comfort and continuity that your wishes will be followed as you age and after you’re gone
- Align your wealth transfer with your charitable vision.
It’s important to remember that your estate plan isn’t set in stone. You should revisit it at least annually to account for changes to your goals or life. We can refer you to Wells Fargo affiliates or work with your existing estate plan provider to provide crucial guidance for this pillar of effective wealth management.
Essential Estate Planning Documents
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The number of documents in your estate plan will depend entirely on your circumstances, but these five can be considered must-haves for most people.
Will – This legal document expresses your wishes for distributing your property after you die. Establishing a will is important, especially if you have minor children or significant assets.
Durable Power of Attorney - This gives someone else authority to make financial decisions on your behalf if you become unable. This is highly recommended as it ensures your finances will be handled properly if you cannot do so yourself.
Healthcare Power of Attorney - If you can’t communicate your wishes regarding your care, this document ensures they will be honored in the event of your incapacitation.
Living Will - This outlines your wishes for end-of-life care, including life support or other medical treatments.
Revocable Living Trust - With this document, you can avoid probate court and distribute your property according to your wishes after you die. This can save time and money while adding an additional layer of privacy.
Trust services available through banking and trust affiliates in addition to nonaffiliated companies of Wells Fargo and its affiliates.
Wells Fargo and Company and its Affiliates do not provide tax or legal advice. Be sure to consult with your tax and legal advisors before taking any action that could have tax consequences. Any estate plan should be reviewed by an attorney who specializes in estate planning and is licensed to practice law in your state.
Wealth & Investment Management offers financial products and services through bank and brokerage affiliates of Wells Fargo & Company. Bank products and services are available through Wells Fargo Bank, N.A., Member FDIC.