Large Numbers Of Americans Have No Estate Plan
When you hear estate planning attorneys encouraging people to take action and create an
estate plan for the protection of their families you may think that they are preaching to
the choir. If you are someone who recognizes the value of planning for the future you
may assume that just about everybody understands the fact that estate planning is a basic
adult responsibility. When you examine the facts, however, you find that a surprising
number of Americans have not done any planning at all for the latter portion of their
lives and their eventual deaths.
There was an article published in Forbes magazine last year that offered statistics that
were compiled via a Harris interactive survey. Harris contacted 1022 adults, and they
found that only 35% of them had executed even a single estate planning document. This
is a truly remarkable statistic that sheds a lot of light on just how prepared people are for
You may look at that number and say that the majority of people who don't have an
estate plan are young folks. That is of course true; this study found that only 24% of
people under 35 had even a rudimentary estate plan in place. What is really jaw-
dropping is the fact that almost one-fourth of the people who participated who were over
the age of 55 said that they had not executed any estate planning documents at all.
Estate planning is important for all responsible adults. It may seem as though you will
always have time to do it in the future, but the cold hard reality is that the Grim Reaper
does not send you an RSVP. If you have no estate plan or your plan is outdated, it is time
to stop the procrastination and contact an estate planning attorney to arrange for a
Experienced estate planning attorneys Reno NV of the Anderson Dorn & Rader Ltd
offers estate planning and business planning resources to residents of Reno NV. To learn
more about these free resources, please visit http://www.probatebusters.com today.