The University of Texas Health Science Center at Houston recently published a report from the U.S. Census Bureau stating that every day 7,000 Baby Boomers turn age 65. The census report went on to say that by the year 2030, 71 million Americans will be over the age of 65.
The report also cited a second recent study showing that donors who include a charitable bequest in their estate plans make annual gifts more than double in size than similar donors who fail to utilize such bequests. (Source: The Bequest Study, The Center on Philanthropy at Indiana University; Giving USA 2008)
Given the current state of the economy and the uncertainty that lies ahead for medicaid/medicare and social security given these staggering numbers, its more important than ever to ensure you have a comprehensive estate plan to ensure your financial health well into the future.
Contact us today to discuss all of the ways you can ensure your estate plan is up to date and viable in this ever-evolving economy.