With potential tax law changes on the horizon, clients are prioritizing tax mitigation and wealth preservation, with 63% of survey respondents citing these as top estate-planning objectives. Other key goals include safeguarding assets for future generations (55%), protecting assets (54%), and avoiding family disputes (51%).

Estate plans are typically updated every five to nine years, often driven by generational wealth transfers (65%) or significant life events like changes in family dynamics (38%). These updates ensure plans remain aligned with evolving client needs.

When selecting trustees, individual trustees remain the preferred choice for 58% of clients. However, a growing number are exploring mixed arrangements, with 35% opting for both individual and corporate trustees to balance personal insight with professional management.