Emerging trends in the 21st Century make estate planning a growing necessity.
A story on valdostatoday.com suggests that those who already have a will and planned asset distribution may need to revamp their will or revocable trust to include three concerns that may have been previously overlooked.
These include providing quality care for aging parents who are living longer, an increasing desire to lay out plans to care for pets, and the conversion to digital assets.
Studies show that 15 percent of Americans care for their aging parents, 87 percent of people feel pets are family members and 57 percent of older Americans are using online banking.
All three statistics show that there is a growing need for estate planning to address these matters.
If you have questions about estate planning, feel free to contact us for a consultation at (626) 696-3145.
