What are the odds your family will need estate planning?

Anyone who will die someday needs to plan for that eventuality! Planning for disability or incapacity is also a concern for most of us.  Even those in their 20’s and 30’s have a greater than 40% chance of being disabled for at least three months prior to age 65. Of course, none of us think this will actually happen to us, but we plan for things which are much less likely to happen.

Who would think of going without car or fire insurance? Yet, the chance of being injured in a car accident this year is about 1 in 100; the chance of your house burning down this year is about 1 in 2,500. We think we will have a warning and can prepare for death or disability. Unfortunately, that is often not the case. Even if we could wait to the last minute, doing so would add immeasurable pressure, stress, and difficulty during an already difficult time in our lives. Without planning, your family is often left struggling to pick up the pieces during an already tumultuous time.

Morris Hall, PLLC
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