By Donald Leibenson
millionairecorner.com
A significant majority of Affluent investors are either “confident” (43 percent) or “very confident” (39 percent) that their estate plan reflects their intentions and will be executed accordingly, according to a new survey conducted by Spectrem’s Millionaire Corner.
So confident are these investors that less than 20 percent have updated their estate plan in at least five years, our survey found. Only 14 percent have updated their estate plan in the last six months, 13 percent in the last year, 14 percent in the last one-to-two years, 14 percent in the last two-to-five years, and 16 percent more than five years ago.
Almost one-quarter (23 percent) reported not having an estate plan.
