Trusts & Estates
Reinventing Estate Planning For the Baby Boomer Generation
By: Dagmar M. Pollex, J.D.
The boomers are coming! That’s the gist of the many reports and news stories that have been published in the last few years. It seems that every week there are at least a few new stories which predict the great changes that are coming as 5 million boomers turn 65 every year for the next 15 years. Many of the changes predicted are ones that will affect the economy, social structure, residential housing, recreational activities and delivery of health care services of a larger, older population. There’s not much doubt that boomers have different expectations about their “golden years” than their parents did. This article summarizes some of the important changes and shifts that have taken place or will take place and how these changes will affect the estate planning process.
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