Common Causes/Issues:
Understanding the power of related resources within leafplanner, specifically within each new resource added across all seven modules.
Solution Overview:
To understand what qualifies as a related resource within leafplanner and how connecting resources throughout each leafplanner module optimizes the end user’s ability to not only maintain a 360-degree perspective of all family or business enterprises and afford the ability to close any gaps in family planning, but also to have as much context as possible to act on behalf of the family if necessary.
What is a Related Resource?
Within leafplanner, a Related Resource is essentially offering you the ability to make a connection between two things; the item you are adding, and anything else that will offer additional context to being able to understand and utilize the item you are adding.
The ultimate goal when thinking about Related Resources is to provide the end user of your leafplan, whether that be a family member or an advisor, with as much context as possible to act on your behalf if necessary, or to interpret something on your behalf with as much information as possible.
How to Use Related Resources
There are numerous benefits to leveraging the power of the relational aspect of leafplanner. Chiefly among them is ensuring you leveraging the power of related resources. Here are a few examples:
If you are in the leafplanner Asset module, and you are uploading a Limited Partnership Agreement as a document for a Private Investment entity, you may consider adding the following items as related resources to that document:
- the lawyer who drafted the document (as an individual)
- the law firm of the lawyer who drafted the document
Sure, you can add the lawyer who drafted the document as a contact or related resource, but perhaps your family may need to contact him or her one day in the future to modify this document, and he no longer works at the firm. If that were the case, having the lawyer as a contact or related resource would not be helpful to your family. By adding the law firm, and outlining the specific lawyer in the ‘Notes’ section of that contact you are expediting your leafplanner end user’s ability to act.
Another example- if you are in the leafplanner Tax, Estate & Trust module, and you are uploading a trust agreement, and that trust owns your primary residence, you may consider adding the following items as related resources to that trust agreement:
- the property that it owns (which would already have been added to your Assets/Real Estate/Personal Residences section)
- the people who live in the house (head of household and spouse)
Still Need Help?
Contact our Concierge Team for further assistance.
