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There is a pronounced lack of urgency in engaging in legacy conversations. For example, nearly two-thirds (64%) of Americans who said they have worked with financial advisors reported never having discussed estate goals and legacy plans with their advisor. Furthermore, only 34% of millennials and Gen Xers have discussed their estate/legacy goals with their financial advisors.
Ken Cella, a principal with Edward Jones’ Client Strategies Group, from his article Legacy & Wealth: Is Your Estate Plan Really in Order?