Mar 31
Estate Planning Essential in Today’s Economic Environment
It’s a fact that estate planning offers stability in stressful economic times like these. So, then why is it that according to a 2007 survey (source www.lawyers.com) of adult residents of the United States found:
- 55% don’t have a will
- 52% of Anglos have wills, compared with 32 percent of blacks and 26 percent of Hispanics
- 41% of people have living wills — 10 percent more than in 2004
- 38% have designated someone as their health-care power of attorney, compared with 27 percent in 2004
- 10% say they haven’t created an estate plan because they don’t want to think about dying or becoming incapacitated
- 9% say it’s because they don’t know whom to talk to about estate planning
- 24% say they don’t have the assets to warrant it.
Just think about it, if you were to die today, how would your family do in today’s tough economic climate? Now is the time to look at your estate plan, create a will, buy term life insurance and do what it takes to protect your family.
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