Personal Finance Essentials
Estate Planning
76% of Americans Don’t Have a Will and
That’s Just the Beginning of the Problem
The question is simple, but the answer can be complex: After you pass, who gets what?
It’s important to answer that question, of course, and this is what many people believe estate planning is all about – passing your assets to your heirs. After all, without proper documents in place, state law – not your wishes – determine who gets your assets. They might not go to your spouse or children as you wish.
This is important, but the truth is that estate planning is equally about protecting yourself and your assets while you’re still alive. Without proper legal documents in place, your wishes regarding medical treatment might not be honored, or someone might take advantage of you.
This is why it’s essential that you complete the estate planning process. Yet, 76% of U.S. adults don’t have a will.
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