Nation of Elders: Estate Planning for an Aging Population
The rapid growth in the number of Americans over age 65, and ever-increasing life expectancies, dramatically affect the estate planning industry. Clients and their family members inevitably must deal with emotional and financial issues that may impact relationships and endanger wealth built over a lifetime.
Critical estate planning matters for aging clients and their family members include the following:
- Potential for financial elder abuse
- Testamentary capacity and undue influence
- Design and efficacy of revocable trusts, durable powers of attorney and advance directives
- Long-term care insurance