It's Not Your Father's Buick, Anymore: Estate Planning for the Next Generation(s) of Clients
Jeffrey N. Pennell
affiliation not provided to SSRN
November 14, 2011
University of Miami Institute Estate Planning, Vol. 43, pp. 13-59, 2009
Emory Legal Studies Research Paper No. 12-196
The estate planning profession has been focused for decades on changes in the practice that are responsive primarily to Federal tax law developments, and secondarily to changes in state law. It has not kept a clear eye on demographic changes in the client base that inform refinements in traditional estate plans. A striking example is the difference in the role, education, and abilities of women in the G.I. generation, as compared to their daughters in the Baby Boomer generation. And how these differences inform changes in the ways that typical estate plans treat beneficiaries such as surviving spouses. This article presents demographic data and notes various changes that might be appropriate for estate planners to consider.
Number of Pages in PDF File: 60Accepted Paper Series
Date posted: March 21, 2012 ; Last revised: June 22, 2012
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