Estate planning is an important topic for any adult who is ready to take hold of their future, however, the issue is particularly important for American women. According to most statistics, women in the United States live an average of 7 years longer than their male counterparts and end up marrying a spouse who is 2.3 years older than they are. Those numbers add up to a nearly 10-year life expectancy between a husband and wife, which means the woman in the relationship may end up outlasting her husband by a decade.
In her book, “Women and Money: A Practical Guide to Estate Planning”, Patricia Annino states that women, in America at least, are psychologically oriented toward caring for others instead of caring for themselves. Many times that outlook can lead to miss opportunities when it comes to estate planning and preparing for the future.
In many cases, women will be the ones making decisions about estate planning, retirement planning, and other financial topics, which is why the subject is of the utmost importance for women to understand and utilize. In 2016, women control half of the wealth in the United States, and as the gender wage gap continues to be shortened, protecting your financial future has never been more important for women.
Life can be unpredictable and the only way to handle that uncertainty is by preparing for every possible outcome. Both partners in a marriage, whether they are male or female, straight or gay, need to have a well-thought-out estate plan in order to truly distribute your assets the way You decide.
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When you are ready to begin the estate planning process or want to hear what a detailed plan for your assets might contain, give us a call at (800) 403-6078 to schedule a FREE consultation today! We employ a team of expert attorney who specialize in helping our clients prepare for the future.