For years, I've told my clients to stop feeling guilty that they haven't done an estate plan yet and feel good that they're making one -- most people never draft a will before they die.
A new survey published by Lexis-Nexis recently backed me up. The Harris Interactive poll, conducted for Lawyers.com, surveyed 1,018 adults and found that more than half (55%) of them didn't have a will. Only one in three African American adults (32%) had a will. Only one in four Hispanic Americans (26%) had a will.
Why do so many people persist in acting like they're immortal? Here are the top reasons identified in the survey:
- People don't like to think about dying.
- People don't know how to get started or who to talk to about an estate plan.
- People think that they don't have enough assets to need one.
So, what's holding you back now?