Ivan Hernandez Discusses Ways to Simplify Estate Planning with The New York Times

When it comes to estate plans, many older adults find themselves struggling through mundane and complicated stacks of legal documents. And now, with the COVID-19 pandemic placing mortality front and center, the need to get these daunting documents in order is magnified. As a result, there is now a heightened need for wealth advisors and lawyers to help clients understand the what, when and why of their estate plans.

The New York Times recently spoke with Omnia Family Wealth Co-Founder and Managing Director Ivan Hernandez for insight on how he helps make these documents less mundane for their affluent clients.

One part of estate planning documents that can be especially complicated are the “if/then” clauses, which are meant to trigger an action if a set of criteria is met. An example of this is someone receiving more money if a specific asset rises. According to Hernandez, it is important to pay attention to these types of clauses to ensure that they are easy for clients to understand.

“The dream is to have everything on one page,” he explains.

Read the entire article from The New York Times here.

Have Questions for An Advisor?

This field is for validation purposes and should be left unchanged.

RELATED ARTICLES

Michael Wagner Discusses “Safer” Investment Strategies with Yahoo! Finance

Michael Wagner Discusses “Safer” Investment Strategies with Yahoo! Finance

Read More
Michael Wagner on CBS12 Sunday Morning News live

Michael Wagner on CBS12 Sunday Morning News live

Read More
Michael Wagner Shares Insights into the Labor Market and Consumer Spending With The National Desk

Michael Wagner Shares Insights into the Labor Market and Consumer Spending With The National Desk

Read More
Michael Wagner on the Evolution of Operations Management at Omnia on The COO Roundtable Podcast

Michael Wagner on the Evolution of Operations Management at Omnia on The COO Roundtable Podcast

Read More
Michael Wagner Talks Treasury Bonds in Investor’s Business Daily

Michael Wagner Talks Treasury Bonds in Investor’s Business Daily

Read More
Michael Wagner Comments on the Federal Reserve Interest Rate Hikes in The National Desk

Michael Wagner Comments on the Federal Reserve Interest Rate Hikes in The National Desk

Read More
Omnia Family Wealth Recognized In Financial Advisor Magazine’s 2022 RIA Ranking

Omnia Family Wealth Recognized In Financial Advisor Magazine’s 2022 RIA Ranking

Read More
Michael Wagner Comments on Short-term Treasury Market in Bloomberg

Michael Wagner Comments on Short-term Treasury Market in Bloomberg

Read More
Michael Wagner On the Importance of Flexibility in Attracting Young Advisors in Barron’s

Michael Wagner On the Importance of Flexibility in Attracting Young Advisors in Barron’s

Read More
©2023 Omnia Family Wealth, All Rights Reserved.