Many people do little, if any, estate planning.

Question

Quizplus · Accepted Answer

According to surveys and statistics, a majority of people do not have an estate plan in place, or they only have a basic will or a few documents, without considering more complex aspects like trusts, tax planning, and medical directives. This can create legal, financial, and emotional problems for their heirs, and possibly lead to disputes or delays in probate court. Therefore, it's important to consult with an attorney or a financial advisor to develop a comprehensive estate plan that reflects your goals, values, and circumstances.

Many People Do Little, If Any, Estate Planning