Who will look after your children?

Estate Planning, Wills And Trusts

According to a recent New York Times article, fewer than half of American adults (42 percent) have a will. This figure was quoted according to a recent survey published on Caring.com, a website that offers resources for older Americans and their caregivers.

The most common excuse given for not having a will was, “I just haven’t gotten around to it.” Obviously, no one likes to think about dying, but 36% of survey participants with minor children have failed to name a guardian for their children in case of their death. The New York Times article further stated “Most people run from, and don’t want to think about, their own death,” quoting a clinical psychologist, Arthur Kovacs.

Click here to read the entire article: NYT article

Having a will is important to ensure that your money and belongings are distributed according to your wishes after you die. If you die without a will, your estate will be settled in accordance with state law. See my post from last week to see what is happening to Prince’s Estate! Superstar Prince- Super Battle over his Estate.

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