Yodal launches tele-estate planning tool to ‘address bottlenecks’ for advisers

Yodal has announced the launch of a new digital estate planning tool, Yodal Concierge, to support advice firms looking to expand their offering or help them manage the demand.

According to the firm, the new tool will ease the burden of gathering information, documentation and signatures.

Once advisers have conducted their initial estate planning discussions, scoped the legal advice required and submitted key information to Yodal’s digital estate planning platform, the tool will leverage Yodal’s resources to act on the adviser’s behalf to have plans drafted, reviewed and executed by legal professionals.

As efficiency and capacity remain key issues for advisers, Yodal’s head of sales, Steve Judd, said the tool will allow businesses to reduce time spent on administrative tasks through automation, allowing advisers to spend more time with clients.

“Our concierge team acts as an extension of an adviser’s business to address bottlenecks in the estate planning process and oversee the proper, timely creation and management of estate plans, giving both clients and advisers confidence and peace of mind,” Judd said.

Ian Tindale, director and co-founder of Yodal, suggested Australia’s ageing population, coupled with incoming legislative change, has raised people’s awareness of the value in estate planning and it is crucial advisers have the tools to help them meet the growing demand for service.

“An adviser’s role is to help clients achieve their goals and for most people, the top priority is protecting and taking care of their family and leaving a legacy,” Tindale said.

“Advisers are ideally positioned to help clients create and manage their estate plans and when the time comes, oversee the transfer of their wealth as they intended.

“Yodal was established to give financial advisers and accountants the tools to efficiently meet the estate planning needs of their clients and, ultimately, ensure more Australians have a current and valid will and estate plan to protect themselves and their loved ones.”