It's 1965. America's youngest Baby Boomers are only a year old, and the oldest members are just 19. The English rock band The Who releases their hit song, "My Generation." A few decades later, Pete Townshend, the song's composer, would describe the song as "very much about trying to find a place in society."
"My Generation" was a product of its time. Youth was celebrated, and getting old was at the very least an embarrassment. Roger Daltrey went so far as to say: "I hope I die before I get old." Some fifty years later, few Boomers would find much wisdom in Daltrey's youthful sentiments.
The truth is that some Boomers did die before they got old. I was born in 1950, and one study says that only about 81% born then are still alive. That is a little sobering. Still, our survival rates exceed those of the generations before us.
My Generation - the Baby Boomers - have at least $30 trillion in wealth. There are current and future issues as to the distribution of this wealth.
Our longer lives expose us to more age-related diseases with incidence increasing with advancing age.
All is not negative; we are benefiting from fabulous medical advances thought impossible just a few years ago. Both doctors and patients are harnessing the power of technology.
When it comes to estates and trusts, Boomers are making a mark. Increasing attention to elder abuse - both financial and physical - is bringing needed changes to both federal and state law. Society is responding to our aging in other ways as well - in medicine, housing, work longevity, and retirement timing.
I care about what's happening to my generation. I've written a book that is at least in part about us: The Wolf at the Door - Undue Influence and Elder Financial Abuse. At Hackard Law we serve Boomers, their parents and their children throughout California's major urban areas - Los Angeles, San Francisco, Santa Clara, and Sacramento - in protecting the rights of trust beneficiaries and estate heirs.
Call us if you'd like to speak about your case - (916) 313-3030.