Tuesday, August 5, 2014
There are specific estate and disability planning considerations that arise for couples called DINKs, which stands for dual-income-no-kids. The risk of financial abuse is more likely because the couple has probably maxed out retirement contributions and accrued a large amount of savings. This is because both individuals have likely had uninterrupted careers and have not faced the typical expenses associated with caring for children. In addition, it can be more difficult for DINKs to identify someone that they trust as a fiduciary to make end-of-life decisions for them and protect them from others taking advantage of them in later years.
See Amy Tripp, When Elder Law Meets DINK Planning, Wealth Management, June 24, 2014
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.