Tech provider Vanilla unveils estate planning scenarios tool
Estate planning technology firm Vanilla is looking to shake up the wealth landscape with a new planning visualization tool. The platform’s latest offering, Vanilla Scenarios, seeks to modernize how advisors, wealth planners, and estate lawyers plan and optimize their clients’ estate strategies.
With dynamic, real-time scenario modeling, the tool enables the integration of various planning strategies into existing estate plans, allowing for a more informed decision-making process.
Wealth managers using the tool can dynamically simulate multiple estate planning strategies, such as grantor retained annuity trusts, spousal lifetime access trusts, irrevocable life insurance trusts, and qualified personal residence trusts.
By showing how GRATs, SLATs, ILITs, and QPRTs can potentially mitigate estate taxes, advisors using Vanilla Scenarios can present clients with a clear view of their planning options, according to the firm.
It also lets users visualize the possible impact of significant life events and legislative changes – the anticipated 2026 sunset of the Tax Cuts and Jobs Act, the death of a spouse, or the sale of major assets – and access on-demand educational material to help clients understand estate planning concepts.
“Vanilla Scenarios takes proactive estate advisory to the next level, offering a comprehensive planning experience that empowers advisors, planners, and estate attorneys to deliver actionable estate advice, educate clients on the value of additional planning, and minimize both state and federal tax implications,” said Gene Farrell, CEO of Vanilla.
Vanilla come a long way since its launch in 2019. Over the years, it has secured funding through a series of financing rounds, with investors including
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