AVON, CT, MARCH 12, 2026 —
Alongside Aaron Frankel of Franklin & Frankel law firm, Sonder co-founders Kevin and Chad had the pleasure of speaking with a group of individuals and families to discuss one of the most personal topics in wealth strategy: building an estate plan and making decisions that will impact your legacy.
During our dual-firm presentation, Aaron first walked the group through the keys to estate planning—its components, when to consider it, advanced strategies and common mistakes. Chad then took the stage to discuss where Estate Planning meets Wealth Strategy, particularly focusing on the "3 T’s of Estate Planning: Taxes, Titling & Timing". Kevin rounded out our session with a guided workshop on "What Wealth Means to You" and all three hosts were able to open the floor to questions on their areas of expertise. We want to thank everyone in attendance for their attention and thoughtful engagement!
If you weren’t able to make it to the event, here are a few of the items we covered that every family should keep in mind as they consider their estate and the transfer of assets to the next generation.
WHY BUILD AN ESTATE PLAN?
One of the primary reasons for having an estate plan is to protect your loved ones. Without a plan in place, your assets could be distributed according to state laws rather than your personal wishes. By creating or updating your estate plan now, you can ensure that your loved ones are taken care of in exactly the way you intend.
THE KEY COMPONENTS OF AN ESTATE PLAN
- Wills
- Trusts
- Living Wills/Health Care Proxy
- Advanced Designation of Conservatorship
- POAs
- Burial Designations
- Guardianship
WHEN SHOULD YOU CONSIDER ESTATE PLANNING?
- A young family
- Children are grown up
- Business Formation / Changes
- Real Estate Transactions
- Retirement
- Aging / Elderly concerns
COMMON ESTATE PLANNING MISTAKES
- Procrastination
- Not updating documents regularly
- Failing to consider tax implications
- Overlooking digital assets
- Not incorporating business documentation
- Failing to fund trust
THE THREE T'S OF ESTATE PLANNING:
TAXES, TITLING & TIMING
- Taxes: What happens to inherited wealth when it changes hand?
- Different account types are taxed very differently upon an individual’s death
- Asset location and estate planning are deeply connected
- Titling: Who legally owns it determines who gets it
- Wills are often overridden by:
- Beneficiary designations
- Ownership structure
- Proper titling is the key to:
- Avoiding probate
- Improving control
- Protecting your heirs
- Timing: When do heirs receive assets and pay taxes?
- Timing impacts:
- Tax brackets
- Asset protection
- Long-term outcomes
The bottom line is, after a lifetime of working hard and saving, people naturally want to ensure that their assets pass smoothly, quickly, and tax-efficiently to the next generation. To that end, the team at Sonder Wealth Advisors is able to collaborate seamlessly with Franklin & Frankel, which can help simplify the process of estate and legacy planning. If you'd like to set up an exploratory meeting with one or both firms, simply click the links below:
Meet with Franklin & Frankel
Meet with Sonder Wealth Advisors
About Sonder Wealth Advisors:
Sonder Wealth Advisors offers finely-tailored financial planning for smart and successful people seeking to build the lifestyle they want for themselves and their families. In pursuit of creating custom wealth solutions, Sonder Wealth Advisors first creates personal relationships, and then offers financial advice, planning and asset management in all areas of life. Their philosophy—to anticipate, to communicate, and above all to keep careful watch so that their clients don’t have to—results in one of their chief products being financial confidence. With over 30 years of combined experience, Sonder Wealth Advisors is an established industry-leader and proud to currently serve individuals and their families in over 15 states. www.SonderAdvisors.com
About Franklin & Frankel LLC:
Franklin & Frankel LLC is a West Hartford-based law firm that provides personal, accessible legal guidance in estate planning, probate, real estate, and business law. While we support clients through many of life’s transitions, we take particular pride in helping families secure their futures through personally tailored wills, trusts, healthcare directives and powers of attorney. Our team, led by Attorneys Aaron Frankel and Suzanne Neville, believes that effective representation starts with a relationship built on trust and clear communication. Whether you are navigating the complexities of special needs care or simply organizing your legacy, we aim to be a reliable partner for your family for years to come.
Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth. Sonder Wealth Advisors does not provide legal or tax advice. You should consult a legal or tax professional regarding your individual situation. Services provided by Franklin & Frankel Law Firm are separate and unrelated to Sonder Wealth Advisors and Commonwealth Financial Network®. Aaron Frankel and Franklin & Frankel Law Firm are not affiliated with Sonder Wealth Advisors or Commonwealth.