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PR Newswire Millennials and Estate Planning in an Unprecedented Year, the first study that examines millennials preferences for estate planning, found a surge in estate planning related to the pandemic.
According to the study, which evaluated the preferences of 20,000 millennials who completed estate planning documents, more than half (78%) set up a will in 2020, with nearly a quarter (17%) of them citing 2020/The Pandemic as the primary reason for creating an estate plan.
While most millennials created an estate plan after the birth of a child (38%), this cohort also cares deeply about their pets and charitable causes. Nearly all (78%) of millennial pet owners appointed a guardian for their pets. Millennials who selected to bequest a gift to charity most frequently chose St. Jude s Children Research Hospital, Planned Parenthood, and the ASPCA as beneficiaries.
First Study On Millennial Estate Planning Finds Surge In Wills Due To The Pandemic
Millennials Often Appoint a Pet Guardian, Donate Organs, and Have a Celebration of Life Ceremony
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SAN DIEGO, Feb. 4, 2021 /PRNewswire/
Trust & Will, the leading online estate planning platform, today released the findings of Millennials and Estate Planning in an Unprecedented Year, the first study that examines millennials preferences for estate planning. According to the study, which evaluated the preferences of 20,000 millennials who completed estate planning documents, more than half (78%) set up a will in 2020, with nearly a quarter (17%) of them citing 2020/The Pandemic as the primary reason for creating an estate plan.
Dec 28, 2020 By Gary Blankenship Senior Editor Top Stories
Remote notary service started in Florida just as people were beginning to hear about a new thing called the coronavirus. By the time the e-will process was allowed, the country was in the middle of the full-blown COVID-19 pandemic.
So, was the ability to do these functions remotely during a pandemic a boon? For notary services, absolutely. For e-wills, not so much.
Both are allowed in Florida following 2019 legislation that authorized remote notary services as of January 1, 2020, and electronic execution of wills as of July 1, 2020.
“I don’t know of any online notarization platform that is doing e-wills right now,” said Sarah Butters, Probate Division director for the Real Property, Probate and Trust Law Section. “I kno
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