Historically, estate planning has overlooked the unique financial realities many women face. Whether you’re planning for yourself, your spouse, or future generations, a values-based approach can help close the gap.
Challenges Women May Face in Planning
- Women often live longer than men, requiring longer financial planning.
- Women are statistically more likely to take career breaks to care for family, impacting long-term wealth.
- Many women inherit wealth but aren’t included in conversations about how to manage or pass it on.
Strategies to Empower Women in Estate Planning
- Encourage Participation in Planning Conversations
Ensure women have a seat at the table—especially as decision-makers. - Set Up Long-Term Financial Protections
Use trusts or annuities to ensure stability throughout retirement and beyond. - Promote Financial Literacy and Autonomy
Include provisions to support continued learning and financial education for daughters and granddaughters. - Support Female-Focused Causes
If supporting women’s rights, education, or health is important to you, your plan can reflect that through charitable giving.
Estate planning can be a powerful tool for gender equity. Whether you’re protecting yourself or empowering the next generation, centering women in your plan creates a ripple effect of strength and stability.
0 Comments