Why Do People Avoid Estate Planning?

WHY DO PEOPLE AVOID ESTATE PLANNING? An estate plan is crucial to ensure that your wishes are carried out in the event of your death or incapacitation. Many Americans are concerned with issues solved by having an estate plan in place, but for some reason avoid creating one. Financial assets, property and digital assets are just a few things that can be protected by an estate plan. Although extremely important, estate planning is often overlooked. $4 DID YOU THINK ABOUT ESTATE PLANNING? 46% 95% 50% of Americans are concerned with protecting their financial assets of Americans want their property transferred to a person of their choice of American households with children do not have a will BUT... Only 35% of Americans have a will and only 21% have a trust. » 44% of Americans don't have an estate plan 35% 21% DID YOU KNOW? 오오오 ! 1/10 Americans believe that an estate plan is no necessary because of er improvements in health care SO WHATS STOPPING YOU? 17% of Americans believe their estate is too small 9% of Americans avoid estate planning because they don't want to think about death 8% of Americans believe that their estate will be taken care of automatically 7% of Americans don't really understand what an estate plan is or what does START ESTATE PLANNING TODAY Probate generally costs between An estate estimated at $400,000 6-8% $15,000 of the estimated estate value will be spent on probate