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Why wealthy women lag male peers in estate planning
Studies show that women invest more prudently than men, but rich women have at least one significant blind spot in their wealth strategies: estate planning. A new UBS report out March 6, “Women and Investing: Planning for Your Legacy,” found that among high net worth investors, 56{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} of women don’t know how much wealth they can leave to heirs, versus only 47{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} of men. Additionally, 55{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} of women who plan to leave an inheritance do not have any plan in place to do so. Among men, it’s only 41{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5}, the report said, citing a 2021 Fidelity International study. “By not having any financial plans in place, women risk not having…


