During your discussions with other advisors or while reading industry publications, you have likely come across startling statistics about the number of Americans without an estate plan. The exact figures vary by survey and demographic, but the story they tell is consistent: Roughly two-thirds of Americans are unprepared to transfer their assets and care for their loved ones in a medical emergency. What is an advisor to think—and do—about this potentially calamitous oversight? Read more to learn about how it starts with understanding why Americans are not planning for their futures.

Today’s families take many different forms. Some are blended through divorce and remarriage while others are built through long-term partnerships, adoption, or fostering. Families may include same-sex or opposite-sex couples; married or unmarried partners; or children from different relationships or no children. Many households also juggle the needs of aging parents or relatives with disabilities. Read more to discover that as today’s modern families evolve and become more diverse, so too must the estate planning strategies that protect them.

The Advisor’s Estate Planning Challenge: Test Your Knowledge!

Take our Advisor’s Estate Planning Challenge Quiz to test your knowledge and level of expertise related to various estate planning topics.

This information is for educational purposes only and cannot be considered legal advice, nor does the receipt of this newsletter create an attorney-client relationship.