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ESTATE PLANNING For Women t i p s What strategies should women use when forming estate plans? With their longer life spans and growing economic power, it’s important they protect their assets. years years Women turning Men turning 65 65 Women Live Longer can expect to live can expect to live 8 1 7 6 to to 8 6 8 4 Economic Power Has Never Been Stronger Women control Women will contro l of women enter marriages with assets equal to or greater than their spouse of women are the primary income earners or contribute equally to households $14 $20 trillion trillion in assets in in assets by 2 0 1 4 2 0 2 0 52% 33% http://data.worldbank.org/indicator/SP.DYN.LE00.FE.IN http://www.ssa.gov/planners/lifeexpectancy.htm http://www.lifehealthpro.com/2014/06/30/6-estate-planning-tips-for-women Twitter @ PassareInc Facebook facebook.com / passareinc Tumblr passareinc.tumblr.com Simplifying End-of-Life Management Have a Durable Power of Attorney A Power of Attorney will help you to make decisions in your f inal days. Create a Revocable Living Trust This document provides protection in case you are incapacitated. Create Your Own Estate Plan Widows shouldn’t rely on their husbands’ estate plans. Build your own. Get Long-Term Care Insuranc e Women are more likely to need care insurance due to their longevity. 6. Account For Your Assets Know what assets are in your name following a divorce. Retirement accounts and pensions plans can af fect your current and future assets. Top 5 Estate Planning Tips 1. 2. 3. 4. 5.

Estate Planning Tips for Women

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A woman’s longer life span means she should plan for End-of-Life differently than men. When you also consider women currently control $14 trillion in assets in the United States, it’s extremely important they protect their estates when preparing for End-of-Life.

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Page 1: Estate Planning Tips for Women

E S T A T E P L A N N I N G

F o r Wo m e nt i p s

W h a t s t r a t e g i e s s h o u l d w o m e n u s e w h e n f o r m i n g e s t a t e p l a n s ? W i t h t h e i r l o n g e r

l i f e s p a n s a n d g r o w i n g e c o n o m i c p o w e r , i t ’ s i m p o r t a n t t h e y p r o t e c t t h e i r a s s e t s .

y e a r s y e a r s

Wo m e n t u r n i n g M e n t u r n i n g

65 65

W o m e n L i v e L o n g e r

c a n e x p e c t t o l i v e c a n e x p e c t t o l i v e

81 76to to86 84E c o n o m i c P o w e r H a s N e v e r B e e n S t r o n g e r

Women control

Women will control

o f w o m e n e n t e r m a r r i a g e s w i t h a s s e t se q u a l t o o r g r e a t e r t h a n t h e i r s p o u s e

o f w o m e n a r e t h e p r i m a r y i n c o m e

e a r n e r s o r c o n t r i b u t e e q u a l l y t o h o u s e h o l d s

$ 1 4 $ 2 0t r i l l i o n t r i l l i o n

i n a s s e t s i n i n a s s e t s b y

2 0 1 4 2 0 2 0

52%

33 %

http://data.worldbank.org/indicator/SP.DYN.LE00.FE.IN

http://www.ssa.gov/planners/lifeexpectancy.htm

http://www.lifehealthpro.com/2014/06/30/6-estate-planning-tips-for-women

Twitter @ PassareInc

Facebook facebook.com / passareinc

Tumblr passareinc.tumblr.com

Simpl i fy ing End-of-Li fe Management

H a v e a D u r a b l e P o w e r o f A t t o r n e yA P o w e r o f A t t o r n e y w i l l h e l p y o u t o m a k e d e c i s i o n s

i n y o u r f i n a l d a y s .

C r e a t e a R e v o c a b l e L i v i n g T r u s tT h i s d o c u m e n t p r o v i d e s p r o t e c t i o n i n c a s e y o u

a r e i n c a p a c i t a t e d .

C r e a t e Y o u r O w n E s t a t e P l a nW i d o w s s h o u l d n ’ t r e l y o n t h e i r h u s b a n d s ’ e s t a t e p l a n s .

B u i l d y o u r o w n .

G e t L o n g - T e r m C a r e I n s u r a n c eW o m e n a r e m o r e l i k e l y t o n e e d c a r e

i n s u r a n c e d u e t o t h e i r l o n g e v i t y .

6 . A c c o u n t F o r Y o u r A s s e t sK n o w w h a t a s s e t s a r e i n y o u r n a m e

f o l l o w i n g a d i v o r c e . R e t i r e m e n t

a c c o u n t s a n d p e n s i o n s p l a n s c a n

a f f e c t y o u r c u r r e n t a n d f u t u r e a s s e t s .

T o p 5 E s t a t e P l a n n i n g T i p s

1 .

2.

3.

4.

5.