We’ve been taught since childhood to plan for college, plan our careers, plan our families, and plan for retirement. However, end-of-life planning advice is rarely followed.
Survey after survey reveals that most Americans do not have estate plans. Recently, the Huffington Post published “5 reasons to Plan Ahead for the End-of-Life.” A doctor gives reasons why you should plan ahead, including:
- Financial Legacy – If you do not have an estate plan, then your estate will be divided according to a default law that determines who gets what. Any wishes that you have about what will happen to your assets will be disregarded.