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Today's Estate Planning StatisticsAffluent Americans are not taking the steps necessary to plan their estates. Of those who say they have planned their estates (76%) -fewer than half have appointed a durable power of attorney (46%)...prepared a living will (43%)...purchased long-term-care insurance (38%) ... or established trusts (35%). Only about half (48%) of affluent Americans have sought financial-planning advice about their adult children. Even fewer (41%) have sought advice about aging parents. Survey of 752 Americans ages 40 to 64 conducted by Roper Starch Worldwide for Massachusetts Financial Services (MFS). Never Own Your Own Safe-Deposit Box Immediately upon your death, any safe deposit box that you own will be sealed. Your will, insurance policies and any other vital documents that are kept in the box will be unavailable until authorities review the box contents for legal and tax purposes. Best: Your box should be owned by a trusted family member or friend, or by your business. Or keep important documents such as your will at the office of your lawyer, accountant or other professional adviser. Nursing Home Trap Preferences Regarding Life Sustaining Treatment |
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