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Featured Advisor

Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management


State: IL

At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Who Are the Biggest Estate Plan Procrastinators?

One-in-five investors have yet to create an estate plan. Who’s most likely to put off this important aspect of personal financial planning? Find out.

| BY Adriana Reyneri

More than 20 percent of investors have failed to address an important component of personal financial planning – preparing an estate plan, according to the latest monthly survey from Spectrem’s Millionaire Corner. 

Certain types of investors are particularly prone to procrastination. Here’s a look at who’s most likely to put off creating an estate plan:

·         Young investors: More than 60 percent of investors ages 40 and younger do not have an estate plan, according to our February survey of more than 1,200 investors. Young investors are likely reluctant to address issues surrounding their own mortality, or may be betting that they’ll have plenty of time to deal with their estate later in life. By age 61, close to 87 percent of investors have an estate plan.

·         Main Street investors:  Individuals with less than $100,000 to invest are among the biggest estate plan procrastinators. More than half (56 percent) have yet to create an estate plan. Less affluent investors often have the mistaken idea that estate planning is only for the rich, and may miss the opportunity to specify what happens to their possessions and investments when they are gone, or to provide for dependent children and direct end-of-life care.  An earlier Millionaire Corner report shows that will and trust usage increases with wealth.

·         Investors with little or no knowledge:  Ninety-percent of investors who describe themselves as very knowledgeable have created an estate plan, but the share falls to 60 percent for investors who feel they have little or no knowledge.  Less savvy investors are likely unaware of the benefits of estate planning – including the increased peace of mind that comes from believing their assets will be distributed in keeping with their wishes.

·         Women: Less than 70 percent of women investors have an estate plan, compared to 83 percent of men. Studies show that women tend to underestimate their financial worth and are also less likely than men to have adequate life insurance coverage.

Do you fall into any of these estate plan procrastinator groups? If so you may want to consider learning more about the importance of creating an estate plan. Visit our new Find an Advisor service to locate a financial professional who can help you with your estate planning needs.