Chicago Business Attorney Blog
Did you know that according to recent statistics, a significant percentage of adults still don’t have a will in place? Here’s a glimpse into the current state of estate planning:
1. Widespread Gap: Surprisingly, approximately 60% of adults worldwide do not have a valid will. This means the majority of individuals are yet to formalize their wishes regarding asset distribution, guardianship, and more.
2. Age and Preparedness: Studies indicate that the younger demographic tends to procrastinate on estate planning. About 78% of millennials and 64% of Generation X don’t have a will, assuming that this is a concern for later stages of life.