In a recent Money Magazine article, a survey revealed that 61% of adults with children don’t have even a basic will in place. Many don’t want to think about death, and some believe that wills are only for people that are elderly or “rich”.
In reality, visiting an attorney and discussing your situation is money well spent. Even if you don’t think you need one, you might. Do you own your home? Do you have things that you want a specific person to have when you pass away? Do you have investments outside your retirement accounts, or want to use your money to provide for future generations? If your answer to any of these is “yes”, it would be wise to seek out an attorney who works with estate planning.
The American Bar Association (ABA) has a great FAQ section on estate planning, which can give you some additional items to consider, and can be found here. Should you decide contacting an attorney is right for you, ask your family and friends who they’ve used, reach out to other professionals like your CPA, or use the ABA’s website to find an attorney near you.