Why It’s Never Too Early to Plan for Your Estate: Three Important Documents You Need Now
Why It’s Never Too Early to Plan for Your Estate: Three Important Documents You Need Now
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Miller, Monson, Peshel, Polacek & Hoshaw LLP
Only 24% of Americans ages 18-34 and 27% of Americans ages 35-54 have estate planning documents according to a recent survey. Why are so many young Americans without estate plan documents? In Caring.com’s recent survey, a large number of respondents (40%) indicated that they have simply not gotten around to it. Other reasons cited included not having enough assets to leave to anyone (33%), not knowing how to get a will or a living trust (12%), or believing estate plan documents are too expensive to set up (13%).