What The Elle - 📝 “Why do I need an estate plan?”

Plus, what women are splurging on this month and CEO Sallie Krawcheck’s advice for hiring managers. Happy Summer Solstice!
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WHO NEEDS ESTATE PLANNING?

Every woman needs an estate plan

Estate planning is one of those things that’s on most women’s financial to-do lists — right at the bottom. It rarely feels like a priority when you’re young. Then, as you hit life milestones and continue to age, estate planning can feel overwhelming and uncomfortable. Plus, the term itself tends to evoke certain ideas about what an “estate” is — rolling green lawns, a centuries-old mansion, a Rolls-Royce, and a pair of purebred hunting hounds in the driveway all come to mind.

But everyone owns stuff in life. And that means you probably have opinions on how you want that stuff to support the people (and causes) you love when you’re gone.

Who needs estate planning, then? You do. And you should consider getting started now, whether you’re nearing retirement age or not. Estate planning isn’t just about what happens after you pass. There are plenty of life events where having an estate plan in place can protect you and your family, chosen or otherwise.

Let’s talk estate planning basics
 
 

WHAT WOMEN ARE SPLURGING ON IN JUNE

A financial plan shouldn’t feel restrictive; it should‌ allow you to live more freely because you know Future You is taken care of.

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GET $300 TO INVEST

We’re giving you a $300 investing credit when you purchase any of our Comprehensive Planning packages by 6/30.*

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“Can I benefit from a prenup?”

The rise of dual-income households, later marriages, and financial independence for women has made prenups a smart choice for all engaged couples.

ICYMI, a prenup is a legal contract entered into before marriage that outlines how assets will be held during marriage and divided in the event of a divorce or death. Co-create your future and protect your assets with HelloPrenup‌ — ‌the premier prenup platform offering state-specific notarized prenups with optional attorney support.

 
Learn more
 
 

💭 Links in the group chat

  • 🚗 CARLESS GIRLS UNITE: If you, like this TikToker, have felt the deep pain of wildly high car insurance prices recently, you’re not just imagining it. Car insurance inflation has been out of control lately — so much so that it’s become a driver (excuse the pun) of overall inflation.
  • 💸 THE JOINT ACCOUNT: Meet the newsletter that helps couples talk better about money. Written by a recovering corporate lawyer and millennial money expert, they tackle the unspoken dynamics around money in relationships, offering fresh takes on topics that too quickly get brushed under the rug. Subscribe here.
  • 📚 DEAR HIRING MANAGERS: Ellevest CEO Sallie Krawcheck shares the more important questions to be asking in the hiring process.
  • ☀️ SUMMER SCHED: How to pay off debt, creative ways to plan for your dream retirement, and what to know about creating and preserving wealth for the next generation. It’s all covered in these upcoming workshops.
 

This newsletter was brought to you while thinking about what our thirties feel like. Forward it to your friends who can relate.

DISCLOSURES
 
*The “Comprehensive Planning | $300 Investment Credit” Promotional offer is for those who 1) are first time purchasers of a Comprehensive Planning package on or before 11:59 PM EST on 6/30/2024 (the “Promotional Period”), 2) make an initial deposit of $1 or more into an Ellevest non-retirement investment account, and 3) are a client at the time the $300 is applied to your account. This Promotional Offer cannot be applied to a previous comprehensive planning package purchase, and is only available to those who successfully complete the purchase before the Promotional Period ends.
This Promotional Offer is not valid in conjunction and cannot be combined with any other offers or promotions, including our Pay Over Time options. Clients who purchase a Comprehensive Planning package before the end of the Promotional Period will pay an Ellevest plan fee starting on the date the Ellevest Plan Terms and Conditions Agreement is acknowledged (the “Effective Date”).
Refunds: If purchasers request a refund before the $300 has been added to their Ellevest investment account, our normal refund policies apply and they would no longer be eligible for the credit. If a refund is requested after the $300 credit has been added to their Ellevest investment account, we would deduct the $300 and refund the remaining balance. Client takes on market risk if they choose to refund.
Digital clients who purchase a Comprehensive Planning package during the Promotional Period and make an initial deposit of $1 or more to a non-retirement investment account within the Promotional Period will receive $300 added to their Ellevest investment account. Ellevest’s processing time for depositing $300 into a client’s Ellevest account may be up to 90 days after the Promotional Period ends.
Ellevest reserves the right to refuse to award you the Promotional offer if it determines, in our sole discretion, that the promotion was claimed under wrongful or fraudulent circumstances, that your participation is against the spirit of the program, that making payment would constitute a violation of your Ellevest Plan Terms and Conditions Agreement or applicable federal or state law, or that incomplete or inaccurate information was provided. Ellevest reserves the right to end or modify any promotion at any time.
Ellevest fees and additional information can be found at www.ellevest.com. Other fees as described in Ellevest’s Wrap Fee Program Brochure and the Ellevest Plan Terms and Conditions Agreement will continue to apply.
© 2024 Ellevest, Inc. All Rights Reserved.
All opinions and views expressed by Ellevest are current as of the date of this writing, are for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.
Information was obtained from third-party sources, which we believe to be reliable but are not guaranteed for accuracy or completeness.
The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities, and should not be considered specific legal, investment, or tax advice.
The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.
Investing entails risk, including the possible loss of principal, and past performance is not predictive of future results.
Ellevest, Inc. is a SEC registered investment adviser. Ellevest fees and additional information can be found at www.ellevest.com.
HelloPrenup and Just Women’s Sports are not affiliated with Ellevest and were not compensated for their involvement in this newsletter.
 
 
 

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