65% of Americans Don't Have a Will - Staggering as 100% will die someday
Why don't people create a Will? Reasons I have heard range from I don't have enough money to worry about it, I trust xyz person to take care of it, it is too complicated or expensive, to people who sincerely believe that if they make a Will they may die.
Apparently, all these reasons and more are very strong as Forbes.com reports that 65% of Americans do not have a Will. The article, brought to my attention by Michael Rinne, outlines some of the reasons people give for not making a Will.
I understand all the reasons why for many people making a Will is not a priority. There are oodles of things not a priority in my life.
However, for parents of minor children, the only place to name Guardians for your children upon your death in is your Will. Whatever reason you have for not thinking you need a Will, it is superseded by your need as a parent to provide for who will care for your children in the event of your death.
To make it easy, go to www.legalzoom.com and have a Will prepared on-line if seeking professional services is not a priority at this time. I have blogged before on the pros and cons of computerized Wills, and an article on the subject is being talked about on Twitter today, but in the case of naming care for minor children, something is definitely better than nothing.
What are your thoughts on why 65% of Americans don't have a Will?
