By Harry S. Margolis
For most people, putting off estate planning until they're older does not present a problem. The odds are that they'll be alive and healthy for the foreseeable future. But for Baby Boomers, these odds are changing rapidly.
I developed the following (somewhat morbid) table from Social Security Administration actuarial data (https://www.ssa.gov/oact/STATS/table4c6.html) to reflect the chances of dying in any 10-year period. As you can see, it is quite small before age 50, especially for women, but then increases dramatically, essentially doubling each decade.Read More