The Estate Planning Gift to Give Your Millennial Children in 2019 by Megan Gorman, Forbes, December 12, 2018
Excerpts from article:
“Most Gen Xers and Millennials, when asked by their parents, do not have their financial affairs and estate planning affairs arranged in a manner sufficient to satisfy senior generations,” says Christopher Burns, attorney and Chair of the Estate Planning Group at Henson Efron, PA in Minneapolis, Minnesota.
“The most effective way [to give an estate plan as a gift] tends to be when the [child] has a child of their own to raise,” explains Burns. “Still others use a family event, such as a death in the family as a way to motivate their children to get their affairs in order.”