Estate Planning for Life in the Middle

Feeling "sandwiched" is familiar these days as more people are caring for children and elderly parents. Consider your estate plans with that dual role in mind.

12.02.2016 - Fiduciary Trust Canada

Estate Planning for Life in the Middle

It is one thing to plan your estate with your children in mind, but amid this sandwiched generation a growing number of clients are asking, “Who will care for my mother and/or father if something happens to me?” You can almost hear the brakes of a busy life screeching to a halt when that question comes to mind. A 2012 Statistics Canada report indicates the number of Canadians over age 45 who were providing care to elders had increased to 4.5 million, a 20% increase between 2007 and 2012.1 While people have always cared for the elderly, and in most historic cultures it was not unusual to find three generations living under one roof, several converging factors are shaping the growing realities of 21st century “sandwiching:”

• The aging baby boom generation will result in seniors representing a larger portion of the population. • Lower fertility rates mean fewer adult children to share the care for aging parents



Young Adults Vulnerable Without Estate Plan

01.01.2017 Thomas E. Junkin, Senior Vice President, Personal Trust Services and Operations

Research is confirming our experience that an astonishing number of younger adults and families are without a will. We look at the distinct estate planning needs of younger generations.

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What Would Aristotle Do?

10.01.2016 Fiduciary Trust Canada

See what Aristotle and today's blended families share in common. We highlight the unique challenges and surprising ripple effects of important estate planning decisions.

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