VentureTech25: How Trust & Will Revolutionizing Estate Planning to Capture the Great Wealth Transfer...

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Cody Barbo, Founder & CEO at Trust & Will, stopped by the Studio Lounge to share his insights on the many benefits of expedited trusts and wills for credit union members to help foster the great wealth transfer between generations.

​Essentially, Cody discussed how modernized estate planning with a design-first approach can making estate planning simple, affordable, and accessible -- and, as a result, make your credit union that much more valuable in this area.

Cody shared that Trust & Will focuses on helping those who can't afford traditional attorneys, highlighting client demographics, the advantages of partnerships with credit unions, and the emotional side of planning for the future.

He also discussed generational wealth transfer and the importance of client relationships in estate planning.

Q&A summary
What is Trust & Will and how does it compare to traditional estate planning services?
Trust & Will is like TurboTax for estate planning, providing a streamlined solution that helps families create estate plans in about 30 minutes, often at a fraction of the cost of hiring an attorney.
What unique benefits do credit unions offer their members through Trust & Will?
Credit unions can provide discounted or complimentary estate planning services to their members, enhancing loyalty and creating a unique value proposition.
What are the key documents included in an estate plan for parents with minor children?
Parents should appoint legal guardians for their minor children and ensure healthcare documents are in place for adult children, which can be done through Trust & Will's services.
How does Trust & Will facilitate updates to estate plans?
With Trust & Will, users can log in and make changes to their estate plans in under 10 minutes, at a low annual cost, making it easy to keep documents current.
What is the significance of the upcoming wealth transfer in relation to estate planning?
There is a projected $124 trillion wealth transfer over the next 20 years, making estate planning crucial for families to retain wealth across generations.
What emotional challenges do families face when setting up an estate plan?
Setting up an estate plan can be highly emotional, especially when discussing guardianship for children or dealing with family dynamics during the planning process.

Check it out and let us know your thoughts. And be sure to watch all our Studio Lounge episodes from VentureTech on our archive page -- as well as visiting our sponsors who support our conference coverage: Corelation, Backbone, and "Despite Impossible" podcast.