COVID-19 woke many of us up to the need for estate planning whether it was a will or a health care proxy. Estate planning is not just about what happens when one dies, but it is important throughout life as it relates to financial and health powers of attorney. Estate planning is an important aspect of financial planning that involves making arrangements for the transfer of your assets and the management of your affairs after your death or incapacity. While it is a topic that many people may not want to think about, having a comprehensive estate plan in place can provide peace of mind and help ensure that your wishes are carried out.
Offering estate planning services, such as those provided by Gentreo, as an employee benefit can be beneficial for both employers and employees. Here are a few reasons why:
Cost-effective: Estate planning services can be expensive, and many people may not be able to afford them on their own. By offering these services as an employee benefit, employers can provide their employees with access to affordable estate planning solutions.
Employee Retention: Offering estate planning as a benefit can be a valuable tool for employee retention. It shows employees that the company is invested in their well-being and cares about their future. By offering estate planning services, employees may be more likely to stay with the company long-term.
Financial Wellness: Estate planning can also be a valuable tool for promoting financial wellness among employees. By helping employees plan for their future and protect their assets, estate planning can help reduce financial stress and promote financial stability.
Reduced stress: Estate planning can provide employees with peace of mind knowing that their wishes will be carried out and their loved ones will be taken care of after they pass away. By offering estate planning services as an employee benefit, employers can help their employees feel more prepared and confident about their future.
Overall, estate planning can be a valuable human resource benefit that can help promote employee retention, financial wellness, peace of mind, and legal compliance. By offering estate planning services, companies can show their employees that they care about their well-being and are invested in their long-term success.