This column discusses the alarming problem of people not having an adequate estate plan. Only 34% of Americans actually have a valid Will. Most people do agree that it is important to have an estate plan, but many of these people have not taken action. One of the biggest obstacles to estate planning is a lack of information and organization. Many people do not want to take the time to organize and search through all of their financial information. It is extremely important for people to discuss these estate planning issues with their family members and loved ones. Seeking out the advice and assistance of a competent estate planning attorney is also very important for any person creating a Will or an estate plan.
See The Sad State of Estate Planning: Why Only 34% Have a Will in Place, Fox Business, September 28, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
