The Elder and Disability Law Firm, APC
Estate Planning, It is Relevant to You
There are certain basic responsibilities that you assume by simply becoming a self-supporting adult. This is something to keep in mind if you are one of the many who is procrastinating about putting an estate plan in place.
In 2010 there was an article in Forbes magazine that highlighted the lack of preparedness among Americans in general when it comes to estate planning. As you might expect, younger adults were less prepared than their older counterparts. The article utilized statistics provided by a Harris interactive survey that interviewed just over 1000 adults, and the survey found that only 24% of people under the age of 35 had executed either a last will or a living will.
Though it is not especially surprising that a significant number of people in this age group did not plan for the future, the fact that more than three out of four were totally unprepared is kind of eye-catching. In addition, just 77% of people who responded to this poll who were over the age of 55 had even a single estate planning document in place. It's hard to believe that almost a fourth of Americans over the age of 55 have no estate plan.
You need to know that if you are a veteran or a spouse of a veteran, you can take advantage of governmental benefits if your estate planning documents are specifically drafted to allow your family members to help you take advantage of VA or Medi-Cal benefits.
One of the reasons why people are sometimes frozen with inaction is because they don't know where to start. It is in fact very simple to conquer this obstacle. All you have to do is pick up the phone and contact a licensed and experienced San Bernardino estate planning attorney to set up an initial informative consultation where all of your questions will be answered.