Some Surprising Statistics
Wondering why you haven’t carried out your estate planning resolutions yet?
According to one survey of 831 lawyers in the U.S., you may not be alone.
WealthCounsel, a nationwide organization of estate planning attorneys, in its January 2011 (Trusts & Estates) magazine summarized the key finding that most Americans do not have an estate plan or even a basic will.
The survey asked lawyers why most Americans fail to plan.
Here are some answers from the surveyed lawyers:
- 67 percent believe consumers lack awareness of the benefits and the negative consequences
- 62 percent indicated that Americans are under the erroneous assumption that estate planning is only for the wealthy, and
- 51 percent indicated that consumers fail to realize the legal limitations of joint tenancy and beneficiary designations
Surprisingly, these percentages may be no different in any jurisdiction, including our own.
Take Action Now
Are you ready for a Breakthrough?
Taking action this year to protect your family and money is easier than ever. Get a free copy of my ebook, Estate Planning – 7 Keys to Success.Posted In: Estates, Wills On: February 16th, 2011