March is Women’s History Month—a time to celebrate the incredible contributions of women throughout history! Did you know that before the Married Women’s Property Act of 1848, married women in the U.S. couldn’t legally own property? Today, women control over $10 trillion in financial assets and are key decision-makers in estate planning.
Here are some fascinating facts about women and estate planning:
- Women are more likely than men to create estate plans that prioritize family and charitable giving, ensuring that their legacies benefit future generations.
- The number of female estate planning attorneys has surged in recent years, introducing a more holistic and inclusive approach to financial and legal planning.
- One of the earliest known wills was written by a woman in Ancient Egypt, demonstrating that women have long played a role in shaping legacies.
- Historically, laws restricted women’s financial independence. For example, before the 1960s, women in many states needed a male co-signer to open a bank account or apply for a mortgage.
- Today, women are expected to inherit over 70% of the wealth transferred in the next few decades, making estate planning more crucial than ever.
- Studies show that women tend to live longer than men, making long-term financial and estate planning essential to ensure financial security in retirement and beyond.
This month is the perfect time to take charge of your financial future. Whether you are just starting your estate plan or need to update an existing one, having a plan in place ensures your legacy aligns with your values and protects your loved ones. Let us help you create a comprehensive estate plan that gives you peace of mind.
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