5 Key Steps to Secure Your Family’s Financial Legacy

You're building wealth steadily. But have you taken the steps to secure it? To ensure your family can access what they need in an emergency?

Most wealth builders could prepare more for the unexpected. When you're interested in passing down a legacy of financial security, this is especially true.

The good news: It doesn't have to be complicated. Securing your accounts is simple with the right tools and processes. 

Below are 5 key steps you can take today.

How to safeguard your estate

1. Complete your asset inventory.

What: Document all existing assets and financial accounts so you have a clear picture of what you own.

Why: Your financial life is more complex than you might realize. Between checking and savings accounts, investment portfolios, retirement funds, real estate, cryptocurrency, business partnerships, and subscription services, most people have 15+ financial touchpoints. An asset inventory gives you clarity on what you own and makes it easy for your family to understand your complete financial picture. Linking these accounts to one master dashboard keeps everything organized and visible. With Olomon's holistic financial dashboard, you can track changes and progress over time.

2. Secure account access and documentation.

What: Ensure trusted contacts can securely access key accounts and your most important documents: wills, trusts, and contracts.

Why: The best protection plan means nothing if the right people can't access what they need. Setting up secure access now means your family can handle financial matters smoothly if they ever need to step in. Think of it as creating a clear pathway rather than a maze. Connecting your financial institutions to Olomon and uploading critical documents makes this straightforward. Our secure document storage lets you grant family and advisors variable access based on their needs.

3. Create instructions for each financial platform and asset type.

What: Provide clear, step-by-step guidance for what to do with each account and asset.

Why: Your family might know your accounts exist, but understanding what to do with them is different. Different account types have different rules and optimal handling approaches. Clear instructions eliminate guesswork and make transitions smooth. In Olomon, you can set up instructions for account transfers during legacy planning, so your key contacts know exactly what to do next. It's about making things simpler.

4. Set emergency contacts for your financial institutions.

What: Make sure all financial accounts have current emergency contact information: names, phone numbers, email addresses, and physical addresses.

Why: Up-to-date contact information keeps communication flowing when it matters most. Financial institutions need to verify who they're talking to, and current information means faster answers and quicker access. Think of this as maintaining clear lines of communication. A quick annual review of your emergency contacts across accounts keeps everything running smoothly.

5. Create clear succession plans for business accounts and partnerships.

What: For every business entity and partnership, outline who will take over responsibility and manage assets and liabilities.

Why: Business assets are often the most valuable part of your estate, but they're also the most overlooked in planning. A clear succession plan protects the value you've built and ensures your business continues or transitions according to your wishes. This isn't just smart business practice; it's protecting your family's financial future. Olomon has built-in business features to help. You can add your business entities to your financial dashboard along with clear instructions for ownership transfer.

A more secure financial future

Protecting your wealth doesn't require complicated systems or expensive advisors. It requires visibility and organization.

Olomon's financial dashboard brings all your accounts into one place, giving you the clear overview you need to complete your asset inventory, secure access for trusted contacts, and create those critical instructions. Whether you're tracking traditional investments or cryptocurrency, real estate or business entities, everything lives in one centralized view.

The platform makes it simple to upload important documents, set access permissions for family and advisors, and create step-by-step guidance for every asset. You get complete visibility across all institutions, with both traditional and non-traditional assets included, so nothing slips through the cracks.

Building generational wealth isn't just about growing your assets. It's about ensuring they're protected, accessible, and transferable when your family needs them. Olomon helps you do exactly that.

Get started today >> https://olomon.com/