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.
How Can You Protect Your Loved Ones?
If there is a substantial amount of wealth involved, this means women will be the ones concerned with charitable giving as well as protecting the family estate, insofar as possible, from heavy taxation.
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.
When you are ready to begin the estate planning process or want to learn more about what a detailed plan for your assets entails, give us a call at (800) 403-6078 to schedule a FREE consultation with an expert estate planning attorney! The Elder Law Services of California legal team specializes in helping our clients prepare for the future.
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