at Financial Technnology Year
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Wealth Docx from WealthCounsel
Comprehensive document automation system for creating estate planning documents including wills, trusts, powers of attorney, and healthcare directives. Includes tools for asset protection planning, charitable giving strategies, and business succession planning.
Product analysis by function
Estate Planning Tools for Financial Planning
Software for modeling estate tax scenarios, trust planning, charitable giving strategies, and intergenerational wealth transfer planning.
More Estate Planning Tools
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Core Estate Planning Modeling
(4 Yes /8 Known /11 Possible features)
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Estate Tax Scenario Modeling Ability to model federal and state estate tax liabilities based on client information and changing legislation. |
Not as far as we are aware.* Wealth Docx specializes in document drafting and automation but does not provide scenario modeling for estate taxes; modeling functionality must be handled elsewhere. | |
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Multi-Year Projections Capacity to project estate, gift, and generation-skipping tax over multiple years. |
Not as far as we are aware.* No evidence that Wealth Docx provides multi-year projections; focus is on current-state document generation. | |
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Customizable Assumptions Allows users to set or override assumptions such as growth rates, inflation, mortality, and discount rates. |
Wealth Docx templates allow for customizable assumptions for drafting (e.g., guardianship, asset titling, distribution provisions), but not for financial projections. | |
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Scenario Comparison Compares multiple estate planning strategies side-by-side including impacts on taxes, distribution, and liquidity. |
Not as far as we are aware.* There is no evidence Wealth Docx performs comparisons of planning scenarios; tool is designed to generate documents based on inputs, not compare outputs. | |
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Beneficiary Modeling Supports flexible structuring and allocation among multiple beneficiaries or classes. |
Document automation supports creation of trusts with allocations to multiple beneficiaries and classes. | |
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Probate Analysis Ability to estimate probate costs and duration for various estate plans. |
Not as far as we are aware.* No probate cost or duration analysis; the focus is on drafting legal documents for planning. | |
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Digital Asset Inclusion Allows modeling and inclusion of digital assets (e.g., crypto, online accounts) in estate plans. |
No information available | |
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Asset Titling Analysis Analysis of optimal asset titling/ownership structures (JTWROS, Tenants-in-Common, Trust, etc.). |
Document drafting covers titling and ownership structures including JTWROS, TIC, Trusts, LLCs, etc. | |
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Integrated Liquidity Analysis Evaluates estate liquidity needs and gaps to pay tax and expense obligations. |
No information available | |
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Inheritance Equalization Tools Functions to model and help achieve equalized inheritances among children/beneficiaries. |
Supports generation of documents aimed at equalizing inheritances, such as for blended families. | |
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Speed of Estate Plan Calculation The typical time required for the system to generate a comprehensive estate plan scenario. |
No information available |
Trust & Entity Planning
(7 Yes /7 Known /10 Possible features)
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Trust Type Support Supports modeling and analysis of major trust types: revocable, irrevocable, GRATs, CLATs, SLATs, etc. |
Drafts a wide range of trust types including revocable, irrevocable, SLATs, CLATs, etc. | |
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Trust Distribution Analysis Simulates different trust payout/distribution options (unitrust, income-only, discretionary, etc.). |
Drafting engine allows users to select and simulate multiple distribution options inside trusts. | |
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Entity Planning Support Capability to model family limited partnerships (FLPs), LLCs, S-corps, and related entity planning. |
Supports drafting documents for FLPs, LLCs, S-Corps and related entities, with estate planning provisions. | |
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Trust Remainder Calculations Automatic calculation of remainder interests, including for charitable and split-interest trusts. |
Automated drafting for charitable and split-interest trusts, including calculation/management of remainder interests. | |
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Trust Funding Recommendations Suggests optimal funding amounts/types for various trust structures. |
Some recommendations on funding trusts are embedded in workflow templates, though advanced optimization is not evident. | |
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Crummey Power Modeling Supports annual exclusion gifting via Crummey withdrawal power provisions. |
Crummey trust language is supported; can draft trusts including Crummey withdrawal powers. | |
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Dynasty Trust Planning Models advantages and GST impact of long-term dynasty trusts. |
Templates include dynasty trusts and GST strategies. | |
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Trust Asset Allocation Analysis Ability to recommend or analyze portfolio allocation within trust accounts. |
No information available | |
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Automated Trust Flowcharts Visualizes trust structures, beneficiaries, and flows over time. |
No information available | |
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Trust Income Tax Modeling Calculates the trust’s ongoing income and capital gains taxes. |
No information available |
Gifting, Philanthropy, and Charitable Planning
(3 Yes /3 Known /10 Possible features)
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Annual Exclusion Tracking Monitors client’s available annual gift exclusion for tax-free gifts. |
No information available | |
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Lifetime Gift Tracking Tracks use of federal/unified credit for lifetime gifts against estate tax exemption. |
No information available | |
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Present Value Gift Calculations Calculates present and future value of gifts, adjusted for growth and discount factors. |
No information available | |
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Charitable Remainder Trust Modeling Models CRTs and simulates benefits for income, remainder, and tax effects. |
Automates drafting of Charitable Remainder and Lead Trusts, but does not project tax consequences over time. | |
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Charitable Lead Trust Modeling Models CLTs and forecasts benefits to charity and heirs. |
Document automation supports CLT structures. | |
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Donor-Advised Fund Integration Allows planning for and tracking of DAF contributions, grants, and tax effects. |
No information available | |
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Qualified Charitable Distribution (QCD) Modeling Analyzes QCD strategy from IRAs and their tax benefits. |
No information available | |
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Philanthropy Scenario Comparison Compares alternative gifting methods and vehicles by net impact for client, heirs, and charities. |
No information available | |
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Charitable Deduction Calculator Estimates tax deduction available from cash or property donations. |
Drafting includes calculation tools for charitable deductions based on gifts. | |
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Gift Tax Return Preparation Support Prepares or populates IRS Form 709 and records lifetime reporting history. |
No information available |
Intergenerational Wealth Transfer
(2 Yes /2 Known /9 Possible features)
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Generation-Skipping Transfer Tax Modeling Forecasts GST exposure and allocation of GST exemption to trusts and direct skips. |
No information available | |
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Heir Distribution Schedules Outlines schedules and amounts for transfer to children, grandchildren, or other generations. |
No information available | |
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Multi-Generational Scenario Planning Simulates the effect of various strategies across two or more generations. |
No information available | |
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529 and Education Trust Analysis Models education-focused wealth transfer using 529s and trusts. |
No information available | |
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Dynasty Trust Planning Projects the longevity and benefits of dynasty and perpetual trusts. |
Dynasty trust drafting and perpetual trust strategies supported in document generation. | |
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Intra-family Loan Modeling Simulates and tracks intra-family loans and their compliance with IRS requirements. |
No information available | |
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Equalization Algorithms Provides automation or recommendations for equalizing inheritance among heirs with different needs. |
No information available | |
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Annual Transfer Limit Calculations Calculates maximum yearly gifts to each beneficiary under current law. |
No information available | |
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Trust Decanting Scenario Analysis Models potential advantages and implications of trust decanting over generations. |
Drafting engine can accommodate decanting-related drafts and analysis on request. |
Regulatory Compliance & Risk Management
(4 Yes /4 Known /9 Possible features)
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Real-Time Regulatory Updates Automatically integrates updates to federal and state estate tax law and rates. |
No information available | |
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Audit Trails & Versioning Chains user actions and scenario changes for regulatory review or compliance audits. |
Wealth Docx logs changes and actions within documents for compliance/auditability. | |
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Automated Compliance Checks Identifies missing or non-compliant documentation/data before plan finalization. |
No information available | |
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Document Storage & Retrieval Stores supporting documents/lawyer notes securely and links to client records. |
Allows storage and linking of supporting documents within matter/client files. | |
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E-signature Integration Supports secure e-signing for wills, trusts, and related documents where permitted. |
Integrated e-signature available for document execution (where allowed by state law). | |
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Fiduciary Duty Monitoring Tracks recommendations for adherence to the advisor’s fiduciary duty. |
No information available | |
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Customizable Compliance Workflows Allows tailoring of review and approval flows to firm policy. |
No information available | |
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Red Flag/Alert Notification System Notifies advisors of urgent compliance or documentation gaps. |
No information available | |
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Integration with Attorney Portals Facilitates secure workflow and data sharing with external attorneys. |
Can allow attorneys to collaborate through the platform with secure sharing (depending on setup). |
Integration & Data Management
(1 Yes /1 Known /9 Possible features)
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Financial Planning Software Integration Bidirectional integration with popular financial planning platforms (e.g., eMoney, MoneyGuidePro). |
No information available | |
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Custodian/Account Aggregation Imports account, asset, and beneficiary data directly from custodians and banks. |
No information available | |
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CRM Integration Seamless bi-directional sync with major CRM systems (Salesforce, Redtail, Wealthbox, etc.). |
No information available | |
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API Availability Offers public APIs for data extraction, import, and integration into custom workflows. |
No information available | |
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Bulk Data Import/Export Enables high-volume CSV/Excel/XBRL data transfer for migration or analysis. |
No information available | |
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Secure Client Portals Clients can upload, view, and approve documents and proposals via secure portals. |
No information available | |
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Law Firm Integration Facilitates collaboration between advisory firms and law firms writing documents. |
Firm/law firm collaboration and workflow built in; central portal for drafting and sharing. | |
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Version Control for Shared Plans Keeps a changelog for shared editing and scenario building between professionals. |
No information available | |
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Automated Data Validation Runs checks on imported data for accuracy and consistency. |
No information available |
User Experience & Usability
(5 Yes /5 Known /9 Possible features)
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Drag-and-Drop Scenario Builders Intuitive, visual builders for estate plans and flowcharts. |
No information available | |
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Mobile and Tablet Compatibility Optimized user experience on mobile and tablet devices for on-the-go access. |
Supports drafting and document review on tablets; browser-compatible for mobile. | |
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White Labeling Enables branding of reports and portals with firm logos and colors. |
Firms can brand output documents and portals with their logo/colors. | |
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Guided Workflows Step-by-step flows help less-specialized users conduct advanced planning. |
Workflow is organized for guided drafting step-by-step; helps less-experienced users. | |
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Integrated Help & Training Resources In-app help, FAQs, and tutorials tailored to common estate planning topics. |
Extensive integrated help and tips built into the platform. | |
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Customizable Dashboards Personalized dashboard views by advisor role or client needs. |
Customizable dashboard and menu layouts for different user roles and needs. | |
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Real-Time Collaboration Multiple advisors/stakeholders can edit and comment simultaneously. |
No information available | |
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Accessibility Features Supports screen readers, alternative data entry, and ADA compliance. |
No information available | |
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Onboarding Speed Average time required for a new user to be on-boarded and proficient. |
No information available |
Client Communication & Reporting
(3 Yes /3 Known /9 Possible features)
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Customizable Reports Produces branded, client-friendly reports summarizing estate plans and outcomes. |
Output reports are customizable, white-labeled, and client-friendly. | |
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Interactive Visualizations Dynamic estate flowcharts, distribution visualizations, and tax analysis outputs. |
Some interactive visualization of flowcharts and summaries are provided (depending on version). | |
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Secure Document Delivery Sends final documents with multi-factor authentication and tracking. |
Secure client delivery and approval features included; supports MFA. | |
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Email/Message Integration Built-in capability for secure client communication and notification. |
No information available | |
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Versioned Document History Maintains a full record of document versions and delivery/approval logs. |
No information available | |
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Client Feedback Collection Clients can directly review, comment, or give digital approval of plans. |
No information available | |
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Presentation Mode Dedicated tools for presenting estate plans in client meetings. |
No information available | |
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Translation/Localization Reports and interfaces available in multiple languages. |
No information available | |
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Batch Reporting Speed Time required to generate a set of reports for multiple clients. |
No information available |
Security & Privacy
(6 Yes /6 Known /9 Possible features)
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Multi-Factor Authentication (MFA) Requires MFA for all advisor, staff, and client logins. |
Multi-factor authentication is enforced for platform access. | |
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Data Encryption In-Transit and At-Rest All estate planning data are encrypted using industry best practices. |
Data encryption during transmission and at rest is a stated security feature. | |
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Role-Based Access Control Enforces least-privilege access to sensitive data based on user role. |
Role-based permissions and user roles are available. | |
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Comprehensive Audit Logs Tracks every login, document access, and transaction performed in the system. |
Comprehensive audit logs, including document changes and user actions, are maintained. | |
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Regular Security Audits Product and infrastructure are tested on a set frequency for vulnerabilities. |
Platform undergoes regular security testing and certification (see vendor compliance documentation). | |
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Granular Sharing Permissions Allows sharing of select portions with clients, co-advisors, or attorneys. |
No information available | |
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Data Residency/Retention Controls Lets users select region for data storage and implements custom retention policies. |
No information available | |
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Privacy Compliance Monitoring Features to track compliance with relevant data privacy regulations (GDPR, CCPA, etc.). |
Tracks and helps demonstrate compliance with data privacy frameworks (see vendor privacy policy). | |
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Encryption Key Management Secure lifecycle management for all encryption/decryption keys. |
No information available |
Scalability & Performance
(1 Yes /1 Known /8 Possible features)
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Concurrent User Support Maximum recommended number of users working simultaneously without slowdown. |
No information available | |
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Load Testing Certification Tested/guaranteed performance under specified high-volume transaction loads. |
No information available | |
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Uptime Guarantee Service level commitment to system uptime. |
No information available | |
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Multi-Office/Multi-Tenancy Support Supports separate environments for different offices, advisors, or sub-firms. |
Designed for use by multi-office law firms and estate practices with role segregation and permissions. | |
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Latency Average system latency under typical advisor use. |
No information available | |
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Cloud-Based Scalability System is cloud-native and can autoscale as user base or data grows. |
No information available | |
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Batch Processing Capability Processes large datasets (e.g., client imports, scenario creation) in batches. |
No information available | |
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Mobile Sync Speed Synchronization delay between devices and main platform. |
No information available |
Support, Training & Vendor Reliability
(9 Yes /9 Known /9 Possible features)
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24/7 Customer Support Live, round-the-clock support by email, chat, or phone. |
WealthCounsel provides live phone and email customer support (hours may vary but typically covers standard business hours). | |
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Onboarding & Implementation Support Dedicated specialists guiding initial setup, training, and best practices ramp-up. |
Onboarding, implementation support, and product training resources are provided to new customers. | |
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Comprehensive User Documentation In-depth guides and written/video tutorials explaining all features. |
WealthCounsel provides user manuals, written and video documentation as part of their offering. | |
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Continuing Education Resources Regular workshops, webinars, or CE-eligible courses for estate planning. |
Regular professional education sessions and webinars, some CE-eligible. | |
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Community/User Forum Online forum for peer discussion, tip sharing, and best-practice exchange. |
Active user forums and community for idea sharing and best practices. | |
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Vendor Longevity & Financial Stability Track record of financial health and ongoing product development. |
WealthCounsel is a long-standing company with an extensive national client base and ongoing product investment. | |
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Disaster Recovery Guarantee Commitment and systems to restore operations in the event of major outage. |
Enterprise-level disaster recovery and regular backup policies (see vendor reliability statements). | |
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Service Level Agreement (SLA) Clearly documented SLAs including support response timelines and remedies. |
SLAs available for enterprise/law firm contracts covering support and availability. | |
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User Satisfaction Metrics System for collecting, tracking, and improving user satisfaction (e.g., NPS, CSAT). |
Vendor tracks CSAT and collects regular user feedback and metrics. |
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