Only 32% of U.S. adults currently have estate preservation documents such as a will or living trust.* These numbers are alarming because it represents that many families run the risk of having their estates settled in court. That’s not a good prospect, especially for families with children under 18.
Make estate preservation part of your strategy and be sure to have a will.
So how do you get your papers in order?
Work with a qualified lawyer to put an estate plan in place that:
Ensures your legacy reaches your intended heirs
Helps to manage estate and/or other taxes
Sets up medical and financial powers of attorney, so that someone can take care of you should you become incapacitated
When you get started with your financial professional, you may be surprised how quick and affordable it can be to check off the important step of putting your will or living trust in place.