It is estimated that more than 50 percent of all Americans don’t have a will, and in our Future File business, we have estimated that less than 10 percent of the U.S. population has a complete legacy and wishes planning system.
As our children with disabilities grow older, and we ourselves grow older, the future can seem daunting. The future can be overwhelming.
Many people equate estate planning with older people who have more assets and more to protect. However, that doesn’t mean younger people should ignore the benefits of estate planning. According to Caring.com, only 34% of adults ages 35 to 44 have a will and 18% of adults ages 18 to 34 have one.
When the ‘Queen of Soul’ Aretha Franklin died last year, it was believed that she hadn’t prepared any kind of estate plan, including a last will and testament. However, a few months ago, three handwritten wills were found in her home near Detroit. Two were in a locked closet and one was stuffed beneath the cushions of a couch!
There are milestones in every life. For many, graduations, marriage, children, opening a business and retiring are among these milestones.
Two days before he died in what was ruled a suicide in a Manhattan jail cell, Jeffrey Epstein signed a will that put all of his holdings into a trust.
If your parent was extremely authoritarian or independent, it will be difficult for him or her to accept someone telling them what to do – especially one of their children.
If you haven’t discussed your parents’ long-term financial goals with them, you aren’t alone.
A probate lawyer can provide a variety of services to you, if you’re struggling to deal with matters related to your loved one’s estate.
Community property states follow the rule that all assets acquired during the marriage are considered ‘community property.’