Have you actually sat down and made your end-of-life arrangements? Most
Americans have not. According to a survey from Caring.com, only 4 out
of 10 Americans have made a
will. Young adults lead the category of those without a will, while Baby Boomers
and people over the age of 72 tend to already have their estate planned out.
As we age, the reality of being prepared for death becomes more-and-more
important to us. It’s vital to make end-of-life arrangements early,
especially if you have children. Although most parents want to know that
their kids will be cared for by a guardian they have chosen, a whopping
78% of millennials and 64% of Generation Xers do not have a will.
Instead, people tend to be more interested in securing power of attorney
for their healthcare. Power of attorney grants a person legal authority
to make medical decisions for an incapacitated individual. 83% of adults
age 72 and older have made arrangements regarding their power of attorney.
The percentage of millennials who have made such arrangements is 41%.
You are probably wondering why so many adults fail to take estate planning
seriously. Sadly, most say that they “haven’t gotten round
to it”, or think they “don’t have enough assets to leave
behind.” However, these excuses are not adequate. Making end-of
life-arrangements is an essential part of managing your estate and ensuring
that your wishes are followed after you are no longer around.
Do you have questions about making a will or planning your estate? We can
help. At The Moodie Law Firm, our team has the experience needed to make
sure your final wishes are fulfilled. If you have valuable assets you
would like to distribute upon your death, or if you have dependents to
think about, contact our estate planning lawyer today.
Call (303) 578-3940, or contact our Denver will attorney
to get started on your estate plan