Overview
If you're the CFO of your clients' financial situation, you have the opportunity to provide conversational planning around a client's legal arrangements and documents. Ensuring that everybody knows the plan from a legal perspective in the case of a disruptive life event is best-practice thinking. Clients trust you to help them.
Legal Instruments provides a means to document and track the client's legal arrangements within the household. You can include this powerful conversation and helpful documentation in client-facing reports.
Functionality
Quick Notes
Legal Instruments are intended to track documentation of legal arrangements. They are not assigned financials like other members.
Asset-Map's Legal Entities (LLC, irrevocable and revocable trusts, charities, etc.), on the other hand, are often best represented as components on the map so that financials can be assigned to them. Add Legal Entities from the Actions menu on the map.
Actual documentation cannot be uploaded into Asset-Map Platform unless one of the File Storage integrations is turned on. However, links to outside documents can be added to the Notes area of the legal instrument if desired.
How to...
The financial professional can choose to make the legal instruments button visible (or not) using the Asset-Map’s Actions menu. Right-click on the map and select Toggle Visibility, or use the navigation menu Actions option.
The legal instruments button displays the quantity of legal documents recorded for the members currently shown in the middle of the map.
Changing member avatars can change the quantity of legal instruments shown.
Click the legal instruments button to view the legal instruments summary interface.
Click on documented legal instruments to view or edit details.
Add new legal instruments if desired.
View, add, or delete legal instruments on the Financials page here.
Legal instruments are included on the Financial Inventory electronic report.
PDF Report
From the Asset-Map
When visibility is toggled off and the Asset-Map report is generated from the Asset-Map page (right-click/command-click, then Generate PDF), the Legal button will not be included.
From the Reports Center
A PDF report generated from the household Reports center does not include the legal icon on the map by default. Use the Include Legal Count checkbox to include the legal icon on the map.
4/2025