BY Melissa Levine-Piro

Estate Planning

This sentiment seems to be supported by the current trends in the United States when it comes to estate planning. For instance, recent statistics indicate that

I. 55% of Americans die without a will or estate plan

II. 25% of people over 75 have no will or estate plan

III. 92% of people under 35 have no will or estate plan

IV. 50% of parents have no will or estate plan

Wills, Trusts and Estate Planning

It’s certainly human to delay putting together an estate plan when it means having to face your own mortality.

Maybe you think there are just too many decisions to be made and it overwhelms you.

Maybe you are not even quite sure what documents are included in an “estate plan.”

Maybe it’s some other reason entirely.

Estate Plan All Set To Go

A will, sometimes called a last will and testament, is a document that states your final wishes in terms of who you want to inherit your assets. This includes giving your beneficiaries anything from your home or property to your investments to your jewelry or

stamp collection.

Core Document #1: A Will

A Durable Power of Attorney is a legal document that allows for a trusted friend or relative to make

financial and business decisions for you, the Principal, should you become incapable of managing

your own affairs. A durable power of attorney is activated right when it is signed. Power of Attorney documents allow your appointed Agent to address

important matters

Core Document #2: A Durable Power of

Attorney

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