Estate Planning Attorney, Christopher Burns, shares his insight in Forbes article
December 12, 2018
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.”