Why Corporate Employers Should Offer Will Creation and Estate Planning Software as an Employee Benefit

2024 3 min read

Leading employers are stepping up to address the evolving needs of their workforce by offering innovative benefits. Amazon Canada has recently taken a groundbreaking step by providing estate planning services as part of its employee benefits package. It’s a move that signals care, forward-thinking, and a commitment to supporting employees and their families. This initiative sets the stage for other large employers, particularly in financial planning and healthcare, to follow suit.

Here’s why estate planning software is not only a thoughtful addition to employee benefits but also a strategic investment for any corporate employer.

The Sandwich Generation: A Workforce in Crisis

The sandwich generation—employees simultaneously caring for aging parents and raising children—is under immense pressure. These challenges have been exacerbated by the pandemic, which added new financial and emotional burdens to their already stretched resources.

  • Lack of Estate Planning: Nearly 70% of adults do not have an updated will or power of attorney, leaving their families unprepared for unforeseen events.
  • Financial Strain: Caregivers spend an average of $7,242 annually on care-related expenses, with 50% of those costs being out-of-pocket (Source: AARP).
  • Emotional Stress: Burnout from caregiving responsibilities is a leading cause of absenteeism and presenteeism, costing U.S. employers an estimated $33.6 billion annually in lost productivity (Source: Harvard Business Review).

The Great Wealth Transfer

The $84 trillion Great Wealth Transfer—a generational shift of assets primarily from baby boomers to their heirs—is reshaping workforce priorities in North America, Europe, and Asia. Employees need tools to manage this transition effectively, and employers that offer estate planning support can help their workforce navigate these changes with confidence.

The Value of Will Creation and Estate Planning Software

Providing access to estate planning tools delivers measurable benefits for both employees and employers:

  • Reduced Stress: Employees who have a will or power of attorney experience 50% less stress related to end-of-life planning.
  • Increased Productivity: Workers equipped with estate planning resources take 30% fewer days off to manage family crises.
  • Enhanced Engagement: Peace of mind from estate planning leads to a 20% improvement in employee engagement and morale.

Signaling Care and Attracting Top Talent

By offering estate planning software as a benefit, employers can:

  • Differentiate Themselves: Stand out in the competitive talent market by addressing employees’ holistic needs.
  • Enhance Retention: Employees who feel supported are 20% less likely to leave their job (Source: SHRM).
  • Build Multigenerational Loyalty: Estate planning benefits engage employees and their families, fostering long-term relationships.

Why Financial Planning and Healthcare Companies Should Lead the Way

Industries like financial planning and healthcare are uniquely positioned to champion estate planning benefits. Their alignment with financial wellness and caregiving makes this an intuitive and impactful addition to their offerings.

How Inheritus.com Can Help

Inheritus.com offers a seamless, scalable solution for employers to provide estate planning benefits:

  • Comprehensive Tools: Our platform creates a full picture of an estate, connecting families across generations and simplifying the planning process.
  • Affordable: For just cents per month per client, Inheritus.com delivers exceptional value to employers and employees alike.
  • Easy Deployment: Our solution can be implemented within a single day, with optional change management support available to ensure success.

Why Choose Inheritus Today

Inheritus does more than offer software—we are your partner in creating a stronger, more resilient workforce. By integrating estate planning into your employee benefits, you demonstrate a commitment to their well-being and set your organization apart as an industry leader.

Amazon Canada’s initiative highlights the growing demand for estate planning benefits, but it’s only the beginning. Employers across industries have a unique opportunity to differentiate themselves, support their employees, and drive measurable ROI.

Take Action Today

Don’t wait to join the movement. Contact Inheritus.com today to learn how we can help you integrate estate planning software into your benefits package. Together, let’s redefine employee care and create lasting value for your workforce.

Explore more about our Estate Planning Solutions for Employers and discover how we’re helping employers lead the way in innovative benefits.

Richard Sanders, CPA, CA, CBV is a seasoned professional and Partner at a leading global Accounting firm, bringing over 35 years of invaluable experience to the advisory board. With a background in Accounting & Finance, he has demonstrated a keen sense of the challenges to business management and growth throughout his career.

Having held key partnerships with several Accounting firms, Richard has a proven track record of success in advising businesses in areas ranging from Audit to Internal Controls, Tax and Valuations. His strategic thinking has been crucial in guiding organizations through periods of startup and growth.

As an advisory board member, Richard provides strategic counsel and invaluable insights on Audit, Finance and Accounting. His expertise and vision play a vital role in shaping the organization’s strategy and driving sustainable growth over the long term.

Richard holds a Bachelor of Accounting & Business Management from the University of Toronto. He continues to stay at the forefront of the Accounting industry’s developments through ongoing education and professional development initiatives.

Richard’s passion for success and his commitment to guiding businesses make him an invaluable asset to the advisory board.

Bob is a distinguished leader in Software M&A, bringing over 40 years of invaluable experience to the advisory board. With a background in the Canadian & US Information Technology sectors, he has demonstrated a keen understanding of the challenges driving business innovation and fostering growth throughout his career.

Having held prominent roles within the Fortune 500, Bob has a proven track record of success in supercharging business growth. His strategic acumen and forward-thinking approach have been instrumental in guiding organizations through periods of change and transformation.

As an advisory board member, Bob provides strategic counsel and invaluable insights on business development, partnerships and strategic alliances. His expertise and vision play a vital role in shaping the organization’s long-term strategy and driving sustainable growth.

Bob holds a BSc in Physics and Mathematics from the University of Ottawa. He continues to stay at the forefront of the Information Technology industry’s developments through ongoing education and professional development initiatives.

Bob’s passion for excellence and his unwavering commitment to the Software Industry make him an invaluable asset to the advisory board, driving the organization’s mission and vision forward with clarity and purpose.

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