Financial Stress Reshapes Estate Planning, Trust & Will CEO Says

Rising financial anxiety and significant home equity accumulation are prompting a shift in estate planning, integrating it more closely with retirement and housing discussions, according to Cody Barbo, co-founder and CEO of Trust & Will. Barbo stated in a conversation with Reverse Mortgage Daily that the company's 2026 Financial Advisor Report revealed 54% of Americans are experiencing unprecedented financial anxiety. This elevated stress, coupled with substantial home value appreciation over decades, is driving consumers to consider both estate planning and methods to utilize home equity for various needs.

Barbo highlighted that many Baby Boomer homeowners have paid off their mortgages and possess homes that have seen exponential value increases. These homeowners, who may have purchased their properties for $100,000 to $300,000, now find their homes valued at five to fifteen times that initial amount. This substantial equity presents opportunities for individuals to access wealth for retirement expenses, caregiving, home renovations, or to assist their adult children.

The CEO sees potential for mortgage professionals to engage with clients on estate planning matters. The 2026 Financial Advisor Report indicates that financial anxiety has intensified over the past 12 months, affecting all income levels across the country. The universal increase in the cost of living is a primary driver of this widespread financial stress.

Barbo's insights suggest a growing intersection between financial well-being, housing assets, and long-term life planning. Tools like reverse mortgages are being considered by senior homeowners as a means to unlock the wealth embedded in their properties, further blurring the lines between real estate and estate planning strategies.