With so many economic uncertainties facing today’s generations, it should be no surprise that most millennials are not prioritizing their need to create a will or trust. According to this article, Trust & Will’s fourth annual study on millennial estate planning reveals the struggle of balancing immediate financial needs with long term planning.

A reported 62 percent of millennials of the 15,000 surveyed said they do not have a will or trust and only 42 percent expect to receive an inheritance. 39 percent of millennials said they are finding the balance between caring for their children and caring for their aging parents.

It’s important to have these conversations now regarding wealth transfer and long term goals. If you are interested in learning more about the estate planning process, please contact our team of experts at Rhodes Law Firm today.