The Selfish Mistake More than 50% of Americans Make

Written by on April 6, 2017 in Economy with 0 Comments

By Suze Orman | suzeorman.com

My friends, you are killing me with your inability to plan for your death. A new survey from caring.com reports that just four in 10 adults has either a will or a revocable living trust. Even more disturbing to me was the news that barely one-third of adults with minor children has either of these essential documents.


I think that’s incredibly selfish. Don’t tell me you don’t have the time. And don’t you dare tell me you don’t need a will or trust. That is just ridiculous. At a minimum, dying without either of these docs—and especially without a trust-means you are setting up your heirs to have to wade through some time-sucking (and potentially costly) legal thickets to take care of your estate.

And any parent with minor children needs a will; that’s the document where you can designate a legal guardian to care for your kids. Don’t want to contemplate what that would mean? I agree. But how can you contemplate leaving your kids and your family in the lurch if there’s no legal guardian in place?

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