A large percentage of Americans are unprepared from an estate planning perspective and this is something that is really concerning. Estate planning is one of the core responsibilities of adulthood, and when you fail to plan ahead, your loved ones suffer the consequences should the unexpected take place.
Estate planning is mostly for the benefit of the ones that you love and this is something to keep in mind if you are procrastinating. Forbes reported the results of a 2009 Harris interactive survey showing that only 24% of respondents under the age of 35 had executed any estate planning documents at all.
A lot of people in their 20s and 30s have spouses and children relying on them so this is a rather disheartening statistic. In 2005 over 60,000 Americans between the ages of 20 and 34 passed away, so these things do happen.
It is easy to understand how a younger adult could become frozen with inaction because he or she simply does not know how to proceed. The intelligent first step in this regard would be to reach out to an experienced Ashland KY or Northern Kentucky estate planning lawyer. He or she will evaluate your situation, give you personalized attention, and make the appropriate recommendations.