Whether it is drawing up a simple will or creating a medical power of attorney, fewer Americans are making estate planning a priority, according to a survey recently released by Lawyers.com.
The percentage of Americans who have estate-planning documents such as wills, trusts or power of attorney dropped to just 51%, according to the survey. In 2007, that number was 64%, reflecting a whopping 13 percentage-point decline. Specifically, 35% of Americans have wills (down from 45% in 2007); 29% have power of attorney for finances or healthcare (down from 46% on 2007); and 18% have a trust (down from 31% in 2007).
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