Estate Planning Trends
For Many, Estate Planning Is Inaccessible
Estate planning is inaccessible to many people with some groups more affected than others.
We’re Only Human
We’re ultimately motivated to set up estate plans to take care of our families, but we’re also uncomfortable confronting our own mortality, so we avoid planning for the future.
We’re Procrastinators and Avoiders
Some People Face Added Barriers
Traditionally underserved communities lack access to financial wellness resources, such as estate planning.
Inequality plays a role
And Rural Residents…
Misconceptions Keep People Out of Estate Planning
Many people cite lack of knowledge, access and confidence as reasons they haven't set up an estate plan.
"We don't know a lot about estate planning."
Our Survey Suggests Parents Are A Significant Influence
Estate Plans Are For The Wealthy and I Am Not That Rich…
Many people think estate planning is an elitist practice only to be enjoyed by the uber-wealthy.
Estate planning is for everyone, and it’s not something to put off until later
I’m Not Old, It Can Wait
Estate planning is often the last thing people want to think about, and so they put it off until the end of life.
It Feels Good to Have a Plan
The Benefit of Benefits
Estate planning is rarely offered as an employee benefit, but there is an appetite for it.
About The Study
To learn about current attitudes and behaviors around estate planning, Wealth commissioned a survey of employed adults in the United States. The online survey, conducted in December 2021 by WALR in partnership with Manifest, surveyed 10,000 people ages 30 to 55 with household incomes of at least $100K.
All panelists have passed a double opt-in process and completed on average 300 profiling data points before taking part in surveys. Respondents were invited to take part via email and given a monetary incentive for doing so.
Wealth is a comprehensive estate planning platform that empowers people to create, manage and visualize their plans digitally. Creating an estate plan with Wealth gives your loved ones a holistic view of all your assets, visualized and securely stored in one place. Because life is unpredictable, Wealth makes it easy for you to access your plan anytime and offers guidance to ensure it’s always current and valid. And should the unthinkable occur, rest easy knowing your trusted beneficiaries are granted emergency access to your plan. Wealth is available to companies as an employee benefit, allowing employers to offer their workforce a meaningful financial wellness opportunity. Visit wealth.com to learn more.