Rich, Young And Childless Face Estate Planning Issues

For those who are wealthy and childless, the question of who inherits the wealth after death can be daunting. If you choose to give all of your assets to one friend or relative, what happens if that person passes away first? Should you stick with charities? The following article gives great advice for those in this financial position.

This dilemma faces not just the 17 million unmarried Americans over 65 who are retired or putting their ducks in a row for retirement. Charitable foundations and financial advisers report that an increasing number of young people are facing these decisions before they are married or have children. That is especially true for tech entrepreneurs who, for example, come into a large amount of money from stock options or the sale of a start-up business.

— Reuters.com