Today I’m going to talk about a personal finance related topic that many people ignore – how to make a will. In fact, this topic is more avoided than you think. A recent survey at Caring.com showed that only 42% of Americans have estate planning documents. What’s even worse is that for those with children under the age of 18, the number drops to 36%. Yikes!
It’s not surprising a large number of people avoid making a will. Making a will requires a person to think about one very uncomfortable event – their death. I don’t think anyone of us is looking with anticipation towards that specific day.
However, the reality is this – that day WILL come. It is unavoidable. And the real truth of the matter is, we don’t know when it’s going to be. Not all of us are guaranteed to live to 100.
So before I get to how to make a will, I want to show you why it’s important and how it helps protect your family.