Preparing for the end of life is one of those things you know you should do — but have you actually sat down and done it?
Probably not, according to a new survey from Caring.com, which found that only 4 in 10 American adults have a will or living trust. Happily, older adults appear to lead the pack in readying these important documents.
While most U.S. adults age 18 and over have not done the needful, 81 percent of those age 72 or older and 58 percent of boomers (ages 53-71) do, in fact, have estate-planning documents.
The study, conducted in January, asked more than 1,000 respondents whether they had estate-planning documents in case of their death.
As of this writing February 9, 2020, the global pandemic of the Novus Corona Virus tops most all news services.
Last week in China 400 million citizens were locked down, to shelter in place. Illness is out of control. Crematories are operating 24/7. It’s really bad and spreading worldwide.
We all feel badly for China and every and all peoples effected. My reason for blogging this message is simply a notice of preparedness and more directly stated – where would you stand in the estate planning category.
Hopefully this sudden and disastrous virus phases out soon. It is however a loud message and reminder to not PROCRASTINATE on planning important matters.
At this date in 2020 it is probable America will have to deal with the virus.
What ever that may mean, if extended periods of disability/incapacity and increases in the death rate cause even further delays than usual in the probate courts (to supervise guardianships, prove wills and settle intestate estates), caring relatives and heirs would welcome [your] pre-planned guidance especially in trust form to eliminate the probate court totally.
Click here for a Linked In Post on Asset Protection and the Covid – 19 Virus Economic Crash: