A Woman’s Place: Why Creating Comprehensive Estate Plans is Crucial for Women
Despite common misconceptions, I have found that women are the driving force in the conversations I have with families about estate plans. In our office, we often communicate primarily with the wife if our clients are married, or a daughter in the case of aging parents. While men actively participate in this work, it is consistently wives, mothers, and daughters who often handle their family’s legal affairs. According to a recent survey, women have an equal say in major financial decisions in seventy-five percent of households. In homes where one partner is solely responsible for financial decisions, women outnumber men in that role by a four to three margin. This number is astonishing considering that women’s rights to vote, have a credit card, and own property are still relatively fresh…
