|One of the most important and most difficult tasks women face today
is how to protect their family's wealth when it is distributed to their
Women, in most cases, will live longer than men, and these women will be forced to manage assets on their own in later years. And with federal estate-tax rates as high as 55+%, their assets, in many cases their family's wealth, can be greatly reduced when either out of fear or ignorance they fail to plan for this tax. For this reason, if no other, a carefully developed estate and/or business-succession plan can make an enormous difference in preserving a family's wealth.
|Women Lack Confidence About Estate-Planning Issues|
|Settling a spouse's or parent's estate is emotionally difficult for both men and women, but it presents more uncertainties for women, according to The Second Annual Merrill Lynch Estate Planning Survey. The study, conducted by Merrill Lynch, reveals that while 41% of women, compared with 29% of men, consider the financial aspects of estate planning extremely important, more than one-half of the women surveyed do not understand what it involves. The survey also reveal that:|
35% of widows are aware that federal estate taxes could claim as much as 55% of their estates.
39% of widows, compared with 24% of widowers, are unaware that they can give an unlimited number of individuals of $10,000 each, tax-free each year.
Estate Planning Facts Among Surveyed Men and Women
|For More Information|
|To obtain a copy of The Second Annual Merrill Lynch Estate Planning Survey and You and Your Money: A Financial Handbook for Women. call Merrill Lynch at (800) 637-7455, ext. 1356.|