CAMARILLO, Calif., Sept. 15, 2020 /PRNewswire/ — Baby Boomers, in droves, are caring for aging parents, doing their own estate plans, and perhaps most challenging, settling their parents’ estates. These newly released survey results of thousands of heirs, shed light on what to expect when planning your own estate or when settling your parent’s.
Boomers are helping parents downsize and move, and ultimately when they pass away, they deal with loss, grief, and estate settlement, including navigating the fairness issues and personalities of their sibling heirs. The task of dividing, donating or selling the personal property (furniture, art, personal effects, jewelry, etc.) is often the part that can most easily lead to family conflict. Simultaneously, Boomers are experiencing their own health challenges, or Covid is raising awareness, so they are now working on their own estate plans.