With no way of knowing what the future holds, there is no way of knowing how much retirement is “enough.”
Thinking long-term is difficult for many people when it comes to estate planning, especially because of all of the uncertainties that the future presents. However, it is important for the very wealthy to think about future generations if they want to truly create a lasting legacy.
Today, the Wall Street Journal featured an important reminder on estate plans and digital assets. It discussed how many people fail to address digital assets in their estate plans and it can be very difficult to access these assets after a person has died.
More than 70 percent of Americans over the age of 65 will end up needing long-term care services at some point in their lives, according to the U.S. Department of Health and Human Services.