Anyone looking ahead to the road for retirement has a lot of things to worry about. Rising longevity rates in the United States mean that women and men need to plan for supporting themselves in retirement longer than ever before.
Likewise, long term care issues make it especially important to conduct estate planning in order to determine who will step in on your behalf and make medical and financial decisions for you if you’re unable to do so. Many people view the estate planning process as one that only kicks in after you pass away. However, the majority of estate planning tools are actually in line to assist you while you are alive and thinking about what will happen after you pass away.
A new study, however, from Hearts & Wallets indicates that out of a study of more than 5,000 adults who are nearing retirement or in their late career stages, they are uncomfortable with estate planning to begin with. A full 26% of the respondents said that estate planning was very difficult or somewhat difficult for them, an increase from 2015 numbers. Less than 10% of those individuals, however, had reached out for help from a knowledgeable estate planning attorney. If you have questions about next steps and want to get on top of your estate planning so that you can feel confident about your future, do not hesitate to reach out to an experienced California estate planning attorney today for more information.
