Majority of US couples do not have an estate plan, study finds

More than half of couples surveyed say they do not have an estate plan set up. Despite sharing financial values right now, a lot of couples have not come to an agreement on how much money they will leave to their family as a part of their estates. 

Marcy Keckler, certified financial planner, offers advice for couples who still need to set up an estate plan. She emphasizes that estate planning is not scary, and should not intimidate people because we all will need to set up an estate plan one day. Having an expert or financial advisor can make the process so much simpler. Guidance from a professional can ensure that every one of your needs and wants are met. Once you get an estate plan set up, you will feel confident that your legacy and your family are protected. 

It is good practice to reevaluate your estate plan every five years to keep it up to date with your wishes and financial situation. If something big happens in your life, revisit it sooner

For more information see Breck Dumas “Majority of US couples do not have an estate plan, study finds”, Fox News, April 17, 2024.