It goes without saying that end-of-life estate planning isn’t exactly fun. But while the topic may seem morose, depressing and maybe even a little scary, it’s also a critical aspect of managing your assets and protecting your family, which is why it’s surprising that 2 out of 3 Americans are unprepared for the inevitable, according to a 2023 Caring.com survey.
The survey showed that only 34% of U.S. adults currently have estate planning documents such as a will or living trust. And for those between the ages of 35 and 54, that number is even lower at 27%.