Women who have significant assets set aside in investments should be prepared to accomplish both estate planning and asset protection planning together.

A recent advisor authority study found that as the pandemic has raged throughout 2020 and 2021, many women investors have become more concerned about the state of their finances and are worried about the future.

In that study approximately 75% of women who had over $100,000 in investable assets indicated that the pandemic had negatively impacted their ability to retire at the age of their choice.

Fewer than one third of the women investors who participated in the study had an optimistic financial outlook throughout 2020 and 2 in 10 said they will have to delay taking retirement income as a result of the impacts of the pandemic.

Although these findings are concerning, many women have turned to financial professionals and estate planning attorneys to help them to accomplish their individual goals and ensure that they have considered all possible places where they are exposed to risks.

Scheduling a consultation with a knowledgeable estate planning lawyer should be the first step in identifying how your estate or financial picture might have shifted as a result of the pandemic and the steps that you should take in order to protect yourself.