Trust & Will's Fourth Annual Millennial Study Examines How Millennials are Estate Planning Through the Pressure of their Current Lives
SAN DIEGO, April 9, 2024 /PRNewswire/ -- Trust & Will, the leading digital estate planning and settlement platform in the U.S., releases the findings of its fourth annual Millennial Estate Planning Study, providing insight from nearly 15,000 Millennials on end-of-life and estate planning preferences. Amidst a tornado of economic pressures, including sky-high mortgage rates impacting home ownership goals, caring for both children and aging parents, macroeconomic uncertainty, and promises of a forthcoming 'Great Wealth Transfer,' millennials are planning for both their current and future lives, but also remain concerned about their ability to build and pass on wealth to future generations.
- SAN DIEGO, April 9, 2024 /PRNewswire/ -- Trust & Will , the leading digital estate planning and settlement platform in the U.S., releases the findings of its fourth annual Millennial Estate Planning Study, providing insight from nearly 15,000 Millennials on end-of-life and estate planning preferences.
- More than half of Millennials do not know what would happen to their assets if they died without an estate plan.
- Charitable donations are a core part of estate planning for millennials: St. Jude's Children's Research was the most popular charity for bequests.
- Trust & Will revisits this data each year to see how millennial trends and behaviors continue to change over time.