Americans are notoriously conflicted when it comes to end of life estate planning. Thinking about the future of those we leave behind and confronting our own mortality is difficult, and yet it’s also a key aspect of your financial management necessary for the long term security of your loved ones.
This is why it might come as no surprise to you that only one out of every 10 people living in the United States currently even has an estate plan. The problem with this is that many Americans do recognize that having an estate plan or at least the most document, a will, is important.
A 2019 survey conducted by Caring.com found that 57% of US adults don’t have a living trust or a will in their estate planning. Furthermore, one age category in particular garnered top results for skipping out on these key estate planning documents. Only one out of every five 18-34 year olds indicated that they had an estate plan in place.
July 24, 2019 |
Americans are notoriously conflicted when it comes to end of life estate planning. Thinking about the future of those we leave behind and confronting our ...
Learn MoreJuly 23, 2019 |
Have you already heard about the various types of estate planning tools and documents most commonly created and referenced by people in your state? There’s ...
Learn MoreJuly 22, 2019 |
Having an estate plan for your business is just as important as having an estate plan for your individual purposes. There are many different components ...
Learn MoreJuly 17, 2019 |
With the rising cost of healthcare and all data showing that many people will need some form of LTC in their older ages, it’s costly ...
Learn MoreJuly 16, 2019 |
Retirees today seem to be confused about how much to set aside for long term care. Fidelity Investments shows that the cost of paying for ...
Learn MoreJuly 15, 2019 |
More people today recognize the potential impact of long-term care because most children of baby boomers have experienced it first hand by helping their loved ...
Learn MoreJuly 10, 2019 |
Chronic illness is much more common than most people anticipate. There’s a good chance that it has already touched your life in some way. If ...
Learn MoreJuly 9, 2019 |
The decision that you make to place a loved one in a nursing home can be a complicated one, and it probably required a lot ...
Learn MoreJuly 8, 2019 |
Having an estate plan is an important part of your overall financial picture, especially if you’re a parent. A recent study found that plenty of ...
Learn MoreJuly 3, 2019 |
Too many people are under the impression that asset protection planning is only relevant for the very rich who want to downsize their tax bill. ...
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