Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Sunday, April 13, 2014

The Ostrich Approach to Estate Planning Needs to End

Ostrich-head-in-sand

An estimated 51% of Americans ages 55 to 64 do not have a will.  Wills provide the peace of mind that your loved ones will be taken care of the way you like, and you’ll be able to avoid family skirmishes.  

So why do so many people not have wills?  The most common reason is that they “just haven’t gotten around to making one.”  Other reasons include no sense of urgency, not wanting to think about death, and the belief that a will isn’t necessary.  Whatever the reason, the cost of drafting a will shouldn’t be one of them.  It’s money well spent.

See Richard Eisenberg, Americans’ Ostrich Approach to Estate Planning, Forbes, Apr. 9, 2014.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/04/the-ostrich-approach-to-estate-planning-needs-to-end.html

Estate Planning - Generally, Wills | Permalink

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