Only 40% of Americans have taken time to sit down and draft a will. Researchers have found that warnings that all adults should have wills in place have often reached the other 60% of the adult population. The only problem is that many of the individuals that this message reaches are misinformed about what happens if they die without a will. Changing their perspectives isn't an easy feat.
Beneficiaries and heirs aren't the same thing
Heirs tend to line up when a testator, or will writer, dies. They do so because they want to be first in line to receive what they expect has been left to them in their loved one's will. Is that necessary though?
What would you even put into a revocable living trust?
Up to this point, you have either actively avoided estate planning or just felt that it wasn't necessary yet. However, now, you are ready to take on the task of preparing for events in your future that you would rather not think about, such as incapacitation and death.
