

Therefore, you should draft a will and update it on a regular basis to avoid this predicament. In this situation, the courts will decide who gets your possessions. Number of Americans with Willĭying without a will is commonly known as dying intestate. This number increases to 76% of Americans 65 and older having wills of their own, which is still not enough to secure their assets before it’s too late.

Moreover, according to Gallup, only 53% of Americans between the ages of 50 and 64 currently have a will. As a result, more than half of American adults still do not have a will prepared for their assets. Even today, many families do not discuss their estate intentions openly.

Over the last decade, estate preparation among seniors has slowed significantly.
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