Tuesday, August 1, 2023
August has been dubbed National Make-A-Will Month to serve as a reminder that all adults should have a will. Only one-third of all American adults have an estate plan in place, and a common misconception is that only the wealthy and famous need to think about what will happen to their property when they die. Creating a will helps prevent family conflict and eliminates confusion. More importantly, having a will creates a plan for caring for loved ones, like a legal guardian for minor children or who should care for pets.
Now is also an excellent time for the one-third of Americans with an estate plan to reflect on the details outlined in their will and take stock of any life changes, such as new children or grandchildren or property not previously covered.
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