Rothstein Kass Research Finds That Over 75 Percent of Ultra-Wealthy Estate Plans Are at Least Three Years Old

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Survey of Single-Family Office Executive Directors Reveals Nearly 95 Percent of Clients Have Experienced Significant Changes Since Estate Plans Were Drawn Up

Rothstein Kass (, a leading national professional services provider, today announced the release of “Missing the Mark,” a study examining comprehensive advanced planning strategies for ultra-wealthy clientele. The report surveyed 74 single-family office executive directors on a variety of topics from asset protection to estate planning. The survey found that over 75 percent of estate plans of high-net-worth clients are at least three years old and nearly 95 percent of these clients have experienced significant changes since the estate plans were drawn up.

“Creating and enacting an estate plan is often the first step of building a successful integrated wealth management strategy. Although many high-net-worth families let plans become outdated due to time constraints or not seeing the need to update them, it is critical to do so, otherwise the benefits of advanced planning will be negated. The single-family office executive has a duty to work with clients to engage and help them understand the necessity of frequently reviewing estate plans and focusing on long-term goals,” said Rick Flynn, a Principal and Head of the Family Office Group at Rothstein Kass.

In addition, “Missing the Mark” found nearly 53 percent of wealthy families don’t have formal asset protection plans in place. The survey also highlights the eight core elements of advanced planning: flexibility, transparency, risk sensitivity, cost-effectiveness, discretion, cohesiveness, explicitness and legitimacy.

Other notable findings include:

  • Nearly 84 percent of life insurance policies have not been reviewed for three or more years
  • More than half of wealthy family members have been involved in unjust lawsuits or divorce proceedings
  • Over 90 percent of wealthy families are concerned that family members will be involved in unjust lawsuits or divorce proceedings

About Rothstein Kass:

Rothstein Kass is a premier professional services firm that has served privately held and publicly traded companies, as well as high-net-worth individuals and families, for more than 50 years. As trusted advisors to our clients, Rothstein Kass provides accounting, auditing and tax services, as well as a full array of integrated services, to clients across industry spectrums and in all stages of organizational development. At the core of Rothstein Kass’ remarkable success lies our commitment to hiring, developing and retaining employees that represent an entrepreneurial spirit mirroring that of the sophisticated business and financial services communities that we serve.

The Rothstein Kass Family Office Group offers a wide range of financial, wealth planning and lifestyle management services to family offices and high-net-worth individuals. Composed of seasoned financial professionals and certified public accountants, the Family Office Group applies proven expertise with the utmost discretion and attention. A division of the Rothstein Kass Commercial Services Group, the Family Office Group does not provide investment allocation, asset management or advisory services.

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Erin Oliveri
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