Baby Boomers and Estate Planning

In his post entitled Estate Planning for Aging Baby Boomers on the ElderLawAnswers Blog, Harry S. Margolis discusses the changing face of estate planning with the aging baby boomer generation. He identifies three main differences between estate planning in the past and estate planning for boomers.

1. With the estate tax credit of $3.5 million, fewer clients will be motivated by saving taxes.
2. Baby boomers have access to a wealth of information, thanks to the Internet, and are more likely to question the value an attorney’s services.
3. There no longer is a definition of a ‘typical’ family; boomers tend to have more complex family lives than past generations.

Special thanks to Christina Beavers (Matter Communications Providence) for bringing this post to my attention.