Do You Have a Will?

 

A 2021 Gallup poll found that only 46% of U.S. adults have a will — similar to the results of other Gallup polls over the last 30 years. It’s not surprising that older people are more likely to have a will, as are people with higher incomes.

Regardless of age or income, having a will is an essential step to pass your assets to your heirs with clarity and confidence. A will enables you to distribute your property, name an executor for your estate, and appoint a guardian for minor children. Various software programs may help you create a will, but it is generally better to consult an attorney who is familiar with the laws of your state.

Percentage of Americans who have a will, by age group: 20% 19 to 29, 36% 30 to 49, 53% 50 to 64, 76% 65 and older.
Source: Gallup, 2021

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Citations.

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The information provided on this site is for informational purposes only. 360 Partners LLC dba Harris Advisors, its affiliates, subsidiaries, employees, agents and/or representatives do not provide tax, investment, or legal advice. Please consult with your own tax, investment, or legal advisor with any questions. Licensed in DE, GA, MD, NC, NJ, PA, and VA.

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