Despite the fact that half of Americans over 55 have not yet created a will, there is a widely held belief that one should have their affairs in order by age 50
BOILER-PIPE: Group of seniors are spending retirement days on the beach. Photo credit: Getty Getty Leaving a Legacy: A Lasting Gift to Loved Ones . The study explores the importance of leaving a legacy to loved ones after death. I spoke to Kevin Hindman, Managing Director and National Trust Executive at Merrill Lynch, about the findings of the study and what readers should take away from it.
It is also the case that most people do not experience the aftermath of estate planning, or lack thereof, until their own parents or other close family members die. It doesn’t feel like something that needs to be addressed until it influences people personally, and this experience is happening later and later in life as life expectancies rise. Why Is This Important? “A legacy is one of the best gifts we can give to those we love”, says Hindman.
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