Estate Planning For Boomers
by Mark Greene ~ July 21st, 2010. Filed under: Uncategorized.Estate Planning. The Baby Boomers, born from 1946 to 1964, are now 77 million strong and they compose 23% of the population. They are in the age range of 45 to 63, and 4 million will hit age 60 each year. Estate planning is top-of-mind as they face empty nests, physical aging and end of life issues. Their retirement savings just got a 25% to 40% haircut, presuming they have any savings, and they want to get their affairs in order. The key motivating event: a fall. When a Boomer has a serious injury or illness, they and their kids want them to talk to a lawyer. Now is the time for lawyers to set up referral arrangements with urologists, cancer doctors and elder care counselors. Lawyers should be giving speeches at assisted living homes and senior clubs.
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