More Americans are childless. It's complicating estate planning. [USA TODAY]
Northern Trust Corporation (NTRS)
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Source: USA TODAY
Approximately 15.2 million adults aged 55 and older, or about 16.5% of the population, were childless in 2018, a U.S. Census Bureau report released in 2021 said. Between 2018 and 2023, the share of adults under 50 years old who said they were unlikely to ever have kids also rose to 47% from 37%, a survey of more than 2,500 adults by the nonprofit Pew Research Center showed. Without a next generation in line, who will take care of these childless Americans, ensure their dying wishes are fulfilled and oversee where their assets will go after death? "This is one of biggest issues facing estate planning," said Kelsey Simasko, an attorney at Simasko Law. "It's truly the hardest thing to do and can stump us a lot of times." Simasko says she's among the millions who are childless. Why is planning different? Planning usually assumes Americans have a next of kin , said Jay Zigmont, chief executive of Childfree Trust, which offers financial and estate planning for people without childr
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