This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Only One In Three Americans Have A Will, Says New FindLaw.com Survey

EAGAN, Minn., Feb. 27, 2013 /PRNewswire/ -- Only one in three Americans – 35 percent -- have a will, according to a new survey by FindLaw.com, the most popular legal information website. This means the vast majority of Americans could potentially be leaving legal problems for surviving family members if they should pass away. 

A will is a basic component of estate planning. Among other things, it specifies how your assets will be distributed after you pass away, and who will receive them. Without a will, the laws of the state and the decisions of a probate court could determine how your estate is distributed, who will care for your children if they are minors, and so forth.

"By not having a will, you are essentially giving up any control or say into how your estate and your affairs will be handled after you're gone," said Stephanie Rahlfs, an attorney and editor for FindLaw.com. "Writing a will is sometimes a difficult and uncomfortable thing for people to do.  But with an attorney's help, it can be a fairly simple and fast process.  And it gives people control over their assets and the future of their family, and the peace of mind that can come along with that."

Age seems to play a major role in whether someone as a will. Three-quarters of people age 65 older have a will.  But the numbers drop steadily as you look at the younger age groups.  Less than half of the people age 54 or younger have a will.  And for people between the ages of 18 and 24, only about five percent have a will.

Additional free information on wills, trusts and estate planning, including information on finding an attorney in your area who specializes in estate planning, can be found at http://estate.findlaw.com/.

The FindLaw survey was conducted using a demographically balanced survey of 1,000 American adults and has a margin of error of plus-or-minus 3 percent.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs