The State of Your Parent's Estate
Last updated 4/11/2019 at 9:35pm
Talking with a parent about estate planning is never easy. Here are some conversation starters that can help adult children and their parents plan.
In 2020, it is projected that Americans older than 65 now will total 56 million, a number that is expected to climb significantly as Baby Boomers retire over the next two decades. Even with this "graying of America," a recent survey showed that only 42% of adult Americans have any kind of estate planning documents at all, jeopardizing the smooth transfer of hard-earned wealth from one generation to another.
The issue is often around starting the...